Reuters Money

4 more ways the wealthy make money on fun

July 13, 2011

In June, Reuters Wealth reported on how the wealthy make money from their hobbies, in areas from rock-star guitars to rocks from Mars. This month, we examine four more instances where passion can yield payoff for those with means.

Our homes, our tax deductions?

July 13, 2011

Even if you realize how indebted to our homes we’ve become, the numbers in a new report from the Joint Committee on Taxation are mindboggling: Mortgage debt at the end of 2010 reached nearly $10.1 trillion, and accounted for 88.4 percent of total household income.

How safe is your money-market fund?

July 12, 2011

Here’s a $12 trillion question: Are money-market mutual funds safe?

The industry insists that they are and banking regulators aren’t calling in the National Guard, although the U.S. Treasury Department is considering some emergency measures in case of a U.S. debt default.

Six-figure student loans? Credit medicine for MDs

July 12, 2011

By year’s end, Stephanie Bourque will owe approximately $165,000 in federal student loans. It’s an especially daunting debt load for the first-year University of Colorado pediatric resident whose annual income will likely fall between $40,000 and $50,000 during her three-year residency.

Should the rich pay more taxes?

July 12, 2011

President Obama is trying to hammer out a deal to reduce the U.S. deficit and raise the debt ceiling by August 2, when the Treasury says it will run out of cash to pay the nation’s bills. Obama is pressing for a $4 trillion package that includes spending cuts along with tax increases for top earners.

Now or later? AARP’s new Social Security calculator

July 12, 2011

When should you turn on the tap that gets your Social Security benefits flowing?

Child identity theft: Why you should worry

July 11, 2011

Michelle Dennedy’s daughter Reilly is nine and already has had her identity stolen twice. Earlier this year Dennedy, who lives in California, learned that the most recent use of Reilly’s identity was to get utilities set up in Arizona.

Pirates of the Caribbean alert: Offshore corporate cash hoard

July 8, 2011

Paging Captain Jack Sparrow. The modern equivalent of pirate treasure islands is holding some $1 trillion of corporate cash by U.S. corporations.

How to find your investing sweetspot

July 7, 2011

Dan Greenshields, CFA, is President of ING DIRECT Investing, a subsidiary of ING Bank, fsb. The opinions expressed here are his own.

New free credit scores: What you need to know now

July 7, 2011

There’s an irony about the new credit score disclosure rules issued by the Federal Reserve Board on July 6, and this is it: Would-be borrowers who are most likely to get their credit scores for free are still the people who may find it advantageous to buy their scores.