New Online Tool Reveals How Government Spends Your Tax $ If you’ve ever wondered, “Where, oh where do my tax dollars go?” then get ready to satisfy your curiosity. Thanks to a new online calculator, we can look behind the curtain on Capitol Hill and see exactly how our own individual Federal income and payroll [...]
Archive for April, 2011
Coming Out of the Spending Closet
Posted in Taxes, tagged 2010 tax return, Capitol Hill, federal income, payroll taxes, Your 2010 Federal Taxpayer Receipt on April 28, 2011 | 3 Comments »
Spring Cleaning Your Financial Plan with a SWOT Analysis
Posted in Financial Planning, tagged asset allocation, debt management, Estate Planning, financial plan, investment planning, opportunities, risk management, savings plan, strengths, SWOT analysis, tax planning, threats, weaknesses on April 27, 2011 | 2 Comments »
I’m sure the first thing you think when you see this title is that I spelled SWOT wrong (as in SWAT team). For financial planning purposes, I actually got it right as it stands for Strengths, Weaknesses, Opportunities, and Threats. Whenever I meet someone who needs financial planning help, I compose my SWOT analysis to [...]
Another Tax Year Filed Away
Posted in Taxes, tagged 2010 tax return, 2011 tax year, Making Work Pay credit, mortgage debt cancellation, real estate, Retirement, Roth IRA, tax extension, tax filing deadline, tax law, unemployment on April 26, 2011 | Leave a Comment »
Well three more days were available this year to get it all done and now we can all breathe a sigh of relief for another year. The returns have been filed, the paper is all tucked away, and now we can enjoy the sounds of spring (tweet, play ball!, bait that hook) and the warmth [...]
The Great Tax and Deficit Debates
Posted in Taxes, tagged Atlas Shrugged, budget agreement, federal income taxes, luxury tax, tax bracket, Taxes on April 25, 2011 | 1 Comment »
It’s an uncanny time for a film adaption of Ayn Rand’s ‘Atlas Shrugged’ to be hitting theatres. The first film of a trilogy depicts a world of high regulation on leaders of industry who ultimately decide to take their talents from the world and use them instead in a hidden community, free from government interference. [...]
How Much House Can I REALLY Afford?
Posted in Home Ownership, tagged budget, fair market value, homebuyers, inspection report, lending standards, lien, mortgage, mortgage calculator, property taxes on April 21, 2011 | 2 Comments »
Post financial crisis people are really questioning how much house they can really afford. Before 2008, loose lending standards caused many homebuyers to buy much more house than they could truly afford. Now lenders are so tight that if you are not a cookie cutter loan applicant you may struggle to get a loan. So [...]
How to Maintain that Credit Score
Posted in Credit/Debt, tagged credit, credit card, credit counseling, credit report, credit score, Credit Simulator on April 20, 2011 | 4 Comments »
Unless you’ve been in hiding for some time, you’re aware of two things. One is that the process for consumers to get loans or credit of almost any kind has become increasingly stringent. The second is that, if you do have the need to borrow money, rates have rarely, if ever, been more attractive. Borrowers need [...]
Employment Is Not Permanent So An Emergency Fund Is Not Optional
Posted in Savings, tagged emergency fund, financial emergency, financial freedom, financial insight, financial maturity, government shutdown, risk, unemployment on April 19, 2011 | Leave a Comment »
So a government shutdown was averted. I was amazed at the questions surrounding the implications of a shutdown. Was the last shutdown in 1995 wiped from our national memory? Maybe it is the ever increasing speed of our culture that entices us to focus on trending Twitter hashtags while ignoring the learning opportunities inherent in [...]
Total Body Extreme
Posted in Financial Planning, tagged cash flow, financial life, financial planning process, fiscal fitness, fitness on April 18, 2011 | 1 Comment »
I’ve gotten a little older. Most of the time I don’t really notice it, but there are times when it becomes very evident. If you are at least 40, you’ve witnessed some of this yourself. A backache here. A knee pain there. Or maybe there is a relative whose diaper you changed that now has [...]
To Automate or Not? That is the Question…
Posted in Banking, tagged automatic payments, bill pay service, financial habits, interest, interest payment, principal balance, Savings on April 14, 2011 | 1 Comment »
What do most health and financial experts agree is the best way to lose weight or build savings? Automate your activities! Whether you are trying to stick to a diet (automate your meal plan) or save for retirement (auto savings and bill pay), most experts tell us to set up a system that we don’t have to [...]