WASHINGTON (Reuters) – This is the week most colleges send out their financial aid award letters.
Enterprising students and parents will consider those packages a first offer. They will spend the month of April trying to cut a better deal before they decide, by May 1, where to send their sons, daughters and dollars.
It’s a no brainer that your retirement will be better funded if you delay it. Work longer, and you (1) earn more money; (2) reduce the number of retirement years you have to cover; and (3) boost your Social Security benefits doubly, by delaying them (unclaimed, they’ll grow roughly 7.25 percent a year), and by adding new earnings to the formula by which they are calculated.
But here’s a question that’s far tougher: What if you can’t work longer, because you lost your job when you were 59 or 60? Should you start taking Social Security as early as possible (when you are 62) or defer it as long as you can?
WASHINGTON, March 25 (Reuters) – Consumers may be worth a
lot more than they realize.
You may feel worthless if you have just received shabby
treatment from a retailer, bank or utility. But a look at how
much you have been traded for in a Wall Street deal might make
you feel more valuable — though perhaps not much happier.
It’s tax season. Of course, you’ve got questions. And not just “why do I have to fill out these annoying forms in the middle of spring?” If you’re doing your taxes, you’re probably wondering about all kinds of things, like (1) was there a stimulus credit in 2010? and (2) Can I deduct the points on my last refinance? and (3) Where did I put that receipt for all the books I donated? and (4) Why isn’t my accountant answering the phone at 2 a.m.?
Happily, answers to at least half of those questions are only a click away. Welcome to Linkapalooza! (The tax season version.) Here are 21 of the best websites to get you through tax season.
WASHINGTON (Reuters) – Perhaps you have opened your wallet to help the afflicted in Japan — and before that, Haiti, and New Orleans. And you’ve donated money to your church, the local homeless shelter, symphony and the Boy Scouts.
Now what? First, keep it up. Americans give away more than $300 billion a year and that generosity helps in immeasurable ways.
Yes, tax returns are due in less than a month. But who’s got the time to deal with that?
Certainly not Bob Meighan, vice president at TurboTax. He’s too busy dealing with tax season to actually fill in his own forms. “There’s a chance I’ll file by April 18″ when returns are due this year, he says. “I’m a procrastinator.” He often files an extension and slips his taxes in on the last possible day, with extensions, which is October 17 this year.
WASHINGTON (Reuters) – Dividend investors may be about to have their day.
Stalled by recession and regulation, company cash machines are now primed to start paying out more to shareholders.
The signal event in the dividend revival will come sometime soon, perhaps within weeks, when the Federal Reserve gives banks the green light to resume dividends. The banks have been working under restraints that date to the Fed’s bailouts of 2008.
Getting to the end of your 1040 form and finding a balance due isn’t fun, though at least you can pat yourself on the back for not having made a free loan to the U.S. Treasury. But knowing that you don’t have the money to pay that bill can make you really miserable.
Here’s are seven ways to keep the payments — and the misery — to a minimum.
WASHINGTON (Reuters) – Here’s the greatest challenge to retirement planning: You may live a very, very long time.
That may sound like a silly “problem” — the kind of thing that only an actuary would worry about. But, in fact, the always-improving possibility that you could see your 90s or perhaps live beyond 100 is what makes it so difficult to manage that retirement nest egg.
WASHINGTON, March 15 (Reuters) – American workers are more
pessimistic about their retirement outlook than at any other
time in the last two decades, the Employee Benefit Research
Institute reported on Tuesday.
In its annual Retirement Confidence Survey, it found that
worker expectations for their later years withered in the face
of high unemployment, government budget problems, rising health
care costs, lower investment returns and other factors.