Personal Finance

Americans Purchasing More Affordable Long Term Care Insurance

Mindy Hartman — Wed, 25 Nov 2009 07:57:46 -0600

The majority (84%) of long-term care insurance policies are now purchased prior to retirement age. More than half (52%) select options that significantly reduce the cost according to a study just published by the American Association for Long-Term Care Insurance.

New Rule For Debt Card Overdraft Fees

Denise Clay — Fri, 13 Nov 2009 06:53:17 -0600

The Federal Reserve has announced a new debt card overdraft fees rule. This new rule prohibits banks from automatically signing up customers for overdraft protection for transaction involving debt cards or ATMs.

FTC Cracking Down On The Not So Free Credit Reports

Denise Clay — Wed, 11 Nov 2009 09:46:43 -0600

The US Government and the Federal Trade Commission are cracking down on the not so free credit report services. New rules and possible legislation are currently being worked on to prevent consumers from being misled into paying for a service they can get for free.

FTC's Free Annual Credit Report Video

Denise Clay — Wed, 11 Nov 2009 08:21:46 -0600

The US government is playing off the ads used by the well-known credit report service Experian's freecreditreport.com. These ads are part of the Federal Trade Commission's efforts to help consumers to go to the government site annualcreditreport.com instead of the Experian site for their free credit report.

How to make money on your old unused computers and cell phones

Shelby Bateson — Sat, 31 Oct 2009 12:23:17 -0500

Did you know there are businesses that will pay you cash to recycle your old unused computers, cell phones, iPods, digital cameras, and game consoles?

Uncle Sam Cracks Down On Secret Bank Accounts

Sandy Smith — Mon, 12 Oct 2009 22:26:44 -0500

Americans with money stashed away in secret numbered Swiss bank accounts, away from the tax man’s prying eyes, may be in for a rude awakening after Oct. 15: Uncle Sam may be on to them.

People Spent More Money In August

Armen Hareyan — Thu, 01 Oct 2009 09:45:13 -0500

The U.S. Department of Commerce reported that the consumers in this country spent more money in August. The numbers came out this morning showing the spending rebounded in the 3rd quarter.

Prepare for Retirement in Today's World

Denise Clay — Tue, 22 Sep 2009 05:52:41 -0500

With the recent economic downturn, there are a lot of people worried about their retirement nest egg. The stock market is volatile and portfolios have lost a great deal of their values over the past several years. The financial environment has left many wondering just how they can prepare for retirement in today’s world.

Cut Long-Term Care Insurance Cost In Half

Mindy Hartman — Fri, 18 Sep 2009 16:50:41 -0500

Individuals between the ages of 55 and 59 paid between $700 and $6,950 for long-term care insurance according to a new report released today by the American Association for Long-Term Care Insurance, the industry's trade organization.

Job and Health Insurance Loss Reached Poverty at 11 Year High

Armen Hareyan — Fri, 11 Sep 2009 08:05:19 -0500

The poverty rate in the U.S. is the most severe since 1997. Poverty now affects almost 40 million U.S. citizens. It is a direct consequence of the recent recession that hit the country since 2007, which in turn made many Americans unemployed. Millions lost their health insurance and evaporated their savings.

Addidng Home Expenses To Budget Planning Improves Finances

Armen Hareyan — Wed, 09 Sep 2009 11:34:49 -0500

The first group of expenses you need to add to your budget is your home expenses. As we all know, home expenses are a priority. " I don't think I can afford it this week, the rent is due" or " I'm trying to save money, because my house payment is due next week" are common responses we hear from our friends and family.

As Taxes Rise The Rich Move To Switzerland

Armen Hareyan — Thu, 03 Sep 2009 06:53:52 -0500

More foreigners are inquiring about moving to and living in Switzerland as the taxes rise in their home countries. Although the banking secrecy rules have changed in Switzerland, the country is still attractive to rich people who hope to pay less taxes on income.