Reuters Money

How to avoid phony 9/11 charities

September 9, 2011

There truly is no honor among thieves.

When it comes to scams, the 10th anniversary of the Sept. 11 terrorist attack on the U.S. is just like any other tragedy that callous crooks have taken advantage of. Fact is, from the days following Sept. 11, 2001, thieves have been using the attacks to pocket your cash by either trying take advantage of interest in donating to help those affected or by trying to get money intended to help victims and their families.

Stock bargains: 5 tips to protect against falling knives

September 9, 2011

For bargain-hunters, identifying stocks in this struggling market might seem like an easy layup. Some prominent companies are languishing in the 99-cent bin, trading at seemingly laughable price-earnings ratios.

Friday is D-Day to voluntarily tell the IRS about your offshore assets

September 9, 2011

If your financial life spans multiple countries and you’ve not been paying close attention to your tax issues, be forewarned: This Friday is the deadline for the Internal Revenue Service’s latest offshore tax reporting voluntary disclosure program.

Eight ways older workers can enhance job security

September 8, 2011

Last week’s dismal unemployment report contained what looks like a glimmer of hope for older workers. The August jobless rate for workers over 55 was 6.6 percent – far below the 9.1 percent national average. The seasonally-adjusted jobless rate for older workers was down from 7 percent as recently as June, and it stands considerably below the 7.3 percent rate in August 2010.

How parents of multiples tackle financial challenges

September 8, 2011

Kevin O’Reilly spends his life dispensing financial planning advice. But he wasn’t exactly fiscally prepared when his wife Rebecca had triplets more than six years ago after spending close to $20,000 on fertility treatments. At the time she was earning a substantial salary as a project manager.

What new jumbo mortgage rules mean for expensive zip codes

September 8, 2011

On Oct. 1, the size of mortgages eligible for purchase by Fannie Mae and Freddie Mac will shrink. That isn’t necessarily a big deal in most parts of the country; the new lower limit of $625,500 — down from today’s $729,750 — still is big enough to cover most homes in almost all markets in the United States.

New agency seeks help protecting military family finances

September 8, 2011

The Consumer Financial Protection Bureau, the new federal watchdog agency, is trying to extend some extra protection to the often vulnerable members of the armed services and their families.

Six investment scams to avoid

September 7, 2011

Money is a powerful lure. Pretty much everyone wants more of it, and a whole lot of people want to get theirs by taking it from others. Investors are typically more savvy, but they’re targets nonetheless.

Back-to-school spending tests your wallet and your patience

September 6, 2011

A child watches from a school bus in New York January 6, 2011. REUTERS/Shannon Stapleton Remember when you could outfit a kid with roughly $20 in school supplies? Now there’s a lesson in ancient history, folks.

Financial advisers consistently ask the wrong questions

September 6, 2011

Traders work on the floor of the New York Stock Exchange in New York July 25, 2011. REUTERS/Lucas Jackson If you go to see a financial adviser and you are only asked two main questions — how much money will you need in retirement and what’s your risk tolerance? — you should run for the hills.