How much money does it take to be considered "rich" in the US

Are you rich? The smart money says you answered “no” to that question, regardless of how much money you have. According to a report by investment bank UBS, only 28% of people with $1 million to $5 million in assets considered themselves wealthy. Even when you ask people with more than $5 million in assets, […]

Following a sharp increase in suspicious state income tax returns e-filed across the country filed using TurboTax, Intuit temporarily halted e-filing of state income tax returns with its popular tax software package on February 5, 2015. During the suspension in service , Intuit conducted an emergency investigation of the suspicious e-filed state tax returns through […]

retirement changes

401(k) and IRA changes coming in 2015

With colder temperatures across the nation, and the holidays finally behind us, many financially savvy individuals and households have already began to turn their thoughts to taxes; specifically, the changes made by Congress and the IRS for 2015 that impact Individual Retirement Accounts and 401 (k) retirement plans. Several significant changes in store for this […]

sign up

Shortly after the initial open enrollment period for the Affordable Care Act (also known as Obamacare) ended, President Barack Obama triumphantly announced that 7.1 million Americans had signed up for private health insurance polices through the federal and state exchanges last year. A last-minute surge pushed enrollment figures past the original goal of 7 million […]

silver

Interestingly enough, gold remains intact; an ever present commodity.  Silver, on the other hand, is being used up and discarded.  We are in a silver crisis at present and a host of people are buying up silver while they can.  Let’s take a look at why this is happening. Increasing Number Of Uses The Silver […]

nyse-closing-bell

The Dow Jones closed at an all-time high on Tuesday, pushing past the 18,000 mark for the first time in history and closing at 18,024.17. Many are saying that the market delivered an early Christmas present as it sailed past the 18,000 milestone within moments of the opening bell. This is especially exciting considering that […]

The international news agency Reuters was first to report the recent warning issued by the Federal Bureau of Investigation regarding computer hacking. In this release the FBI warned U.S. businesses that “hackers have used malicious software to launch a destructive cyber-attack in the United States, following a devastating breach last week at Sony Pictures Entertainment.” […]

student loan debt

Before 1976, student loans were fully dischargeable through bankruptcy, just like most other forms of unsecured debt. But between 1998 and 2004, bankruptcy petitions increased from just over 1 million to 1.6 million annually, according to FindLaw.  The prevailing belief was that a large number of individuals filing bankruptcy petitions did so because of convenience […]

featured

If you’ve ever dealt with debt collectors, it is a painful experience.  They are persistent and will try to reach you at all hours of the day and night.  Due to accelerating fraud being practiced worldwide, there are a growing number of fraudulent collectors preying on people who owe money on payday loans.  These perpetrators […]

Fresh from their tryptophan-induced slumber, a sea of savvy shoppers will flock to stores this Black Friday, according to the National Retail Federation’s Thanksgiving Weekend Expectations survey conducted by Prosper Insights & Analytics. Six in ten shoppers say they will or may shop at some point during the four day weekend, which equates to more […]