Reuters Money

5 more beachfront resort areas with hot real estate deals

July 1, 2011

In mid-June, Reuters Wealth reported on five beachfront resorts that market watchers say hold special potential for big bargains poised to gain value in the long run. But the deals hardly stop there; what follows is a list that rounds out their recommendations — and a key tip on how to land your place in the sun.

Raw deal: Why Groupon might be bad for business

July 1, 2011

When Fan Bi wanted to get the word out about his new company, Blank Label, he instantly thought of popular daily-deal sites like Groupon and LivingSocial. By offering a healthy discount for custom-designed dress shirts, “it wouldn’t cost us anything up-front, and we’d get all these new customers,” Bi remembers. “It sounded like a no-brainer.”

Golden Girls 2.0: Shared housing as a retirement strategy

July 1, 2011

Those Golden Girls may have been on to something. Alternative living arrangements — like the group house featured in the popular 80’s sitcom — are gaining steam among retired women, affording them a higher standard of living, in-home support services and companionship while aging in place.

CORRECTED: Hobbies that pay: How the wealthy make money on fun

June 30, 2011

If you’ve seen “The Antiques Roadshow,” you know dusty paintings or funny-looking nightstands can fetch mega dollars. Or not. It’s a crapshoot, and no one knows that better than the hopefuls getting their attic bric-a-brac appraised.

Will(ing) or not: 3 reasons to revisit your estate planning

June 30, 2011

My husband, Neil, and I recently planned a trip for the two of us to celebrate his 50th birthday in Anguilla. Because we were leaving our two sons at home, he mentioned that it would probably be a good idea to look over our wills. It made sense given the last time we looked them over was 12 ½ years ago when our youngest son was born.

Why Social Security COLA cuts will whip up a fight

June 30, 2011

If you want to tick off a senior, just mention Social Security’s cost-of-living adjustment (COLA). The COLA has been on auto-pilot since 1975, when the first automatically-adjusted benefit adjustment was made, using a formula tied to the Consumer Price Index. A COLA was awarded every year from that time until 2008, but since then — nada.

Real estate: How to buy a luxury home with cash

June 29, 2011

Cash is king in high-end real estate this year, serving to stabilize the market as tight credit conditions and depreciated home values continue to plague the embattled real estate sector.

Poll: Should debt deal include tax hikes for the wealthy?

June 29, 2011

President Obama took aim at tax breaks for the wealthy at his press conference today, saying, “You can afford it. You’ll still be able to ride on your corporate jet. You’re just going to pay a little more.”

Does money make you happy?

June 29, 2011

Rolling around in piles of dough would undeniably make a lot of people happy, but is money the secret to true happiness?

Tax delinquencies and the economic downturn

June 29, 2011

The Internal Revenue Service’s Offers in Compromise program — in which taxpayers negotiate down the tax debts that they owe — has a long and tumultuous history. Critics have long complained about the complexity of the program, and the low rate of accepted offers, which amounted to just 24 percent between fiscal 1996 and 2005, according to the Treasury Inspector General for Tax Administration.