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February 2012

How do I choose a 529 college savings plan?

Like First decide what type of 529 plan you want, then research the plans of your state and others. Social Bookmarkingnone

AmEx faces action over fees

Like American Express is facing enforcement action from the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over the way late fees were assessed on some of its charge cards, according to its annual filing with the U.S. Securities and Exchange Commission. In addition to credit cards, American Express offers charge cards [...]

No capital gains taxes due for some investors

Like Some taxpayers won’t pay any capital gains tax. Find out if you are eligible for this break. Social Bookmarkingnone

Income Revisions Suggest Consumers Have More Cash

Like More domestic demand, less stockpiling. It’s a win-win situation for the economic outlook and the Federal Reserve. The Bureau of Economic Analysis took a second look at the data and decided real gross domestic product grew faster in the fourth quarter than previously thought: at a 3.0% annualized rate versus 2.8%. While upward revisions [...]

Reasons to Cut Back on Credit Cards

Like Contrary to popular belief, cutting up a credit card or two can give your finances a boost. Social Bookmarkingnone

Audio: The Upside of Tax Refunds

Like Why receiving a refund from the IRS can be a good thing, contrary to traditional advice. Social Bookmarkingnone

5 Reasons You Need a Long-Term Care Plan

Like Rising care expenses and needs collide with the reality that few are prepared for long-term care. Social Bookmarkingnone

Spring breakers risk ID theft

Like It’s almost that time of year again: spring break. But while young adults head out to soak up the sun and fun, they tend to travel with little or no supervision over their financial accounts and identities — and that can spell bad news. A recent Javelin Research release, the 2011 Identity Fraud Survey Report, found that adults between ages 18 and [...]

Secondary Sources: Cash Instead of Food Stamps, Middle-Class Jobs, Europe

Like A roundup of economic news from around the Web. –Cash Not Food Stamps: Ed Glaeser says cash is better than food stamps at helping the poor. “Vilification of welfare recipients makes it particularly hard to make the case for entrusting them with unrestricted cash, even if that is the most effective means of administering [...]

Citi credit card data exposed

Like First Sony, and now Citi. In a statement this week, Citigroup said that some of its credit card customers’ personal data was stolen by hackers, who broke into the company’s online account system. The statement came in response to news reports of a breach that media outlets said occurred last month. The one-paragraph statement, [...]

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