Heather's Feed
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.

Mar 13, 2012
via Tax Break

Tax clips from the Web: Kanye’s charity blunders, D.C. lobbyists and identity fraud

Photo

A Federal Trade Commission report listed identity theft as the top complaint from consumers in 2011 – for the 12th year in a row. Of those 280,000 complaints, about 24% were tax or wage-related. This is something of a stark wake-up call to the perils of our electronic lives, which can be hacked without our knowledge, right up until we hit the send buttons on our electronic tax returns, says Jonnelle Marte for Smart Money’s tax blog: “For some victims, the fraud isn’t discovered until they hit the send button on their electronic tax returns — and get a rejection note from the IRS. Other times it takes a little longer to know something is wrong, such as not receiving a refund check.”

If you have been unlucky enough to be hacked, correcting the error could take the IRS from 6-12 months, according to Marte.

Feb 13, 2012
via Tax Break

Tax clips from the web: A Superbowl winner, retail relief and offshore assets

Photo

New York Giants middle linebacker Chase Blackburn (L) intercepts a pass intended for New England Patriots tight end Rob Gronkowski during the third quarter in the NFL Super Bowl XLVI.

And the winning play goes to…

One of the more sensational plays on Superbowl Sunday last weekend took place in Las Vegas, where Jona Rechnitz was given 50 to 1 odds on the first scoring play in the game between the New York Giants and the New England Patriots being a safety. For those who missed it, a safety is something like a player throwing into or being tackled in his own end zone…Or something like that. Actually, Tax Break does not follow football really, so you can catch up on those details elsewhere. Anyway, the safety did occur, and Rechnitz won a cool $60,000 on the bet, Don’t Mess With Taxes writes.

Feb 9, 2012

Pet insurance-a costly necessity

NEW YORK (Reuters) – After Nicole Bodzon, 28, a consultant in Conifer, Colorado, paid $1,600 for her pug, Pepe, to have a possibly cancerous tumor removed from his eye, she thought she might benefit from an insurance policy.

But it took her a while to figure out how to maximize the benefits. A year later, Pepe had another tumor removed. Unfortunately, the insurance that Bodzon had since purchased didn’t cover pre-existing conditions, so she paid the bills herself.

Feb 9, 2012

PERSONAL FINANCE: Pet insurance-a costly necessity

NEW YORK, Feb 9 (Reuters) – After Nicole Bodzon, 28, a
consultant in Conifer, Colorado, paid $1,600 for her pug, Pepe,
to have a possibly cancerous tumor removed from his eye, she
thought she might benefit from an insurance policy.

But it took her a while to figure out how to maximize the
benefits. A year later, Pepe had another tumor removed.
Unfortunately, the insurance that Bodzon had since purchased
didn’t cover pre-existing conditions, so she paid the bills
herself.

    • About Heather

      "Heather Struck is an associate editor of Reuters Opinion and a web producer for Reuters Wealth. She can be reached at heather.struck (at) thomsonreuters.com."
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