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Oct 10, 2012

Freelance? An IRS audit may be in your future

(The writer is a Reuters contributor. The opinions expressed are his own.)

By Lou Carlozo

(Reuters) – This past New Year’s Eve, any impulse I had to ring in 2012 on a high note was drowned out by alarm bells from Uncle Sam.

On that day, my wife and I received separate eight-page letters from the Internal Revenue Service informing us that we were being audited for the 2009 tax year. It was, to say the least, no cause for breaking out champagne and noisemakers. In fact, it seemed like a cruel twist: 2009 was the year I was laid off by the Chicago Tribune after 16 years of full-time employment. I then entered the freelance ranks, where I’ve remained ever since.

Oct 5, 2012

Rambling retirees trade homes for boats, RVs, sofas

NEW YORK, Oct 5 (Reuters) – At 68, Barbara Miller Elegbede
is living proof that flower children need not grow up.

A self-described hippie, she attended a San Francisco
college at psychedelia’s height and remembers friends constantly
crashing on the couch of her apartment, just a block away from
Janis Joplin’s pad in the hip Castro neighborhood.

Oct 4, 2012
Oct 3, 2012

Me and My Money: Macy Gray

CHICAGO (Reuters) – Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure – though she is perfectly willing to help out with a little online research. She stops the interview to trawl celebritynetworth.com, where she plugs her name into a search engine and pulls up a number. A very large number.

“Wow!” exclaims Gray, 45, an Ohio native who calls Los Angeles home. “It says here I’m worth $38 million. But I don’t know where they got that figure from, because I don’t even know how to figure that out. But if it’s right, I’d go cash that in right now and go shopping.”

Sep 6, 2012
Aug 30, 2012
Aug 2, 2012
Jul 26, 2012

Your money: Interest compounds in finance game apps

CHICAGO (Reuters) – The race is on, especially among financial firms, to develop games and apps that teach kids (and even adults) the basics of personal finance, whether for online play or mobile devices.

Take the newly released Struct, an iPhone and iPad app by ING, which also has an online game called Planet Orange. In it, players work with building materials that symbolize different investment categories – steel (cash), wood (bonds) and glass (stocks) – as they build increasingly complex towers, or “structs.”

Jul 26, 2012

Interest compounds in finance game apps

CHICAGO, July 26 (Reuters) – The race is on, especially
among financial firms, to develop games and apps that teach kids
(and even adults) the basics of personal finance, whether for
online play or mobile devices.

Take the newly released Struct, an iPhone and iPad app by
ING, which also has an online game called Planet
Orange. In it, players work with building materials that
symbolize different investment categories – steel (cash), wood
(bonds) and glass (stocks) – as they build increasingly complex
towers, or “structs.”

Jul 10, 2012
    • About Lou

      "Lou Carlozo most recently served as the managing editor at WalletPop.com, AOL's personal finance website. He also wrote and created "The Recession Diaries" column at the Chicago Tribune, where he served as an editor and staff writer for 16 years. The author of a journalism textbook and an adjunct professor at National-Louis University, Carlozo is the lead popular music critic for Christian Century magazine, a contributor to Downbeat magazine and also writes the "Green Dad" column for DealNews.com. The opinions expressed are his own."
      Joined Reuters:
      2011
      Languages:
      French
      Awards:
      Bob Briner Impact Award, Biola University, 2007
      Chicago Tribune Innovator Award, 2005
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