Heather's Feed
Jan 9, 2013

YOUR MONEY: Is 2013 the year to cut the cable cord?

New York, January 9 (Reuters) – Like many people paying
bills in January, Brad Hill is thinking of eliminating household
cable service. “It is an active discussion in my house,” he
says. Hill, a freelance writer and former vice president of
audience development at AOL, still pays the $128 monthly fee to
his Time Warner Cable provider in part so his wife can
continue watching one of her favorite channels – HGTV.

This year might be the one in which more people ask: How
much am I paying for all these channels, anyway? And why? With
the growth of broadband streaming video and its pay-per-show
approach, the idea of paying $50 to $150 a month for 1,000 plus
channels via a neighborhood cable provider is no longer a slam
dunk.

Nov 29, 2012

Gen Y seeks savings advice in face of down economy

NEW YORK (Reuters) – When it comes to saving money, Generation Y is asking “why not?”

Young people are discovering that the earlier they start saving for retirement and the longer they work, the larger the nest egg when they finally want to use it. And they are looking for ways to change their savings behavior accordingly.

Oct 16, 2012

Should you dump your 529 college savings plan?

NEW YORK (Reuters) – When is it worth switching to a better 529 college savings plan, and when isn’t it?

These 529 savings plans work like state-sponsored educational piggy banks, using a variety of funds and asset classes to help cover educational expenses. Plans can be targeted for long or short-term savings, depending on how many years there are until college tuition bills start to arrive.

Aug 10, 2012
via The Great Debate

Fifty shades of pop porn

Passing through the maze of lounge chairs at the beach or pool this summer, one best seller and its sequels appear like spots under beach umbrellas; black-sheened paperbacks in the hands of plenty of reclining, rapt women.

Anything that resembles narrative or character in the Fifty Shades series, which starts with the title novel Fifty Shades of Grey, is forgone to get to the meaty stuff; that is, the sex. Our heroine, who is at times compared to the naïve beauty from Tess of the D’Urbervilles (a solitary well-employed allusion in the series), chooses the chiseled, sexy, young Christian Grey for her first, but definitely not her last, sexual experience. Skip to the revelation about Grey’s preferences in the bedroom, and within a hundred pages she is tied up, roped down, spanked, lashed and beaten in the pursuit of Grey’s satisfaction.

Jun 4, 2012

How much wedding will $20,000 buy?

NEW YORK (Reuters) – When Heather Colburn and Greg Neil began planning their wedding, they had two goals: spend no more than $20,000, and invite 270 of their closest friends and relatives.

They accomplished both on May 26 with careful and creative planning. “We chose what was important to us and cut back on areas that were not,” says Colburn, who saved on her dress, flowers and other expenses.

Jun 4, 2012

YOUR MONEY: How much wedding will $20,000 buy?

NEW YORK, June 4 (Reuters) – When Heather Colburn and Greg
Neil began planning their wedding, they had two goals: spend no
more than $20,000, and invite 270 of their closest friends and
relatives.

They accomplished both on May 26 with careful and creative
planning. “We chose what was important to us and cut back on
areas that were not,” says Colburn, who saved on her dress,
flowers and other expenses.

May 25, 2012

Got a penny? Buy a timeshare

NEW YORK (Reuters) – What do you do with that couch change that turns up every few months? How about buying a timeshare?

If you are savvy on the Internet, you can find timeshare owners who are eager to sell their well-loved vacation spots for $1. That is, of course, if you will pick up the annual maintenance fees. And therein lies the problem.

Apr 12, 2012

Art buying gets more democratic

NEW YORK, April 12 (Reuters) – Visitors who have tried to
visit New York’s vaunted Armory Show of contemporary and modern
art last month may have spent more time pushing through crowds
than examining the exhibitions.

More than 60,000 visitors – the most ever – crowded into two
dockside spaces overlooking New York City’s Hudson River for the
three day event, where they sipped champagne, murmured over
works by masters like Andy Warhol and Cindy Sherman, and threw
down big money to snap up a piece of the new art scene.

Mar 28, 2012
via Tax Break

Tax clips from the Web: The tax code as literature, canceled debt and TV pitchmen

Photo

Then-U.S. Senator Sam Brownback (R-Kansas) gestures as he talks about the U.S. tax code in 2007 REUTERS/Frank Polich

How big is the tax code?

Wait…how many pages do they think War and Peace is? Kay Bell writes in her Don’t Mess With Taxes blog that the floor of Congress has logged several attempts to quantify the length of the U.S. tax code. “At 1.3 million pages it is twice the length of Leo Tolstoy’s War and Peace,” said one House Representative, speaking of the United States tax code. Another popular reference for the code’s impressive verbosity – The Bible.

Mar 14, 2012

Using two plans helps U.S. workers save: study

NEW YORK (Reuters) – Americans often view saving for retirement as a choice between contributing to a workplace 401(k) plan or funding an IRA, even though the majority of people are allowed to contribute to both at the same time.

A new report by Fidelity Investments indicates that as companies cut down on pension plans, more workers are contributing to both Individual Retirement Accounts (IRA) and 401(k) plans. Those who contribute to both end up saving much more overall, the study showed. In addition, workers are more likely to save for retirement if they seek financial advice.