Reuters Money

Want to put your kid on road to Millionaire Row by 21? Here’s how

September 23, 2011

While some youngsters long to become rock stars or Hollywood heavyweights, others now gravitate towards another stripe of pop-cultural celebrity: the whiz kid who becomes a millionaire before age 21.

Passion or obsession? Collecting can add up to serious dollars

September 16, 2011

You could say that Jay Pomerantz is a fan of the New York Jets.

You might suspect that from the room in his Long Island house, decorated wall-to-wall and floor-to-ceiling with memorabilia from the NFL team – game-worn cleats, bloodied jerseys from the 1960s, old playbooks and even Super Bowl rings. Some of the items are so rare and valuable that the team itself displays some of Pomerantz’s collection in its front office.

Budget wars: The middle class loses big time

April 8, 2011

President Barack Obama talks about the budget in the White House press briefing room in Washington, April 5, 2011.   REUTERS/Larry Downing Now that federal government shutdown has been averted, it’s a good time to examine what’s at stake for most of America in the crucial next round of budget talks.

IRS commissioner: My taxes are done. Where are yours?

April 6, 2011

Commissioner of Internal Revenue Doug Shulman speaks to Reuters during an interview at his office in Washington, October 8, 2009. REUTERS/Hyungwon Kang   A threatened government shutdown won’t stop Internal Revenue Service commissioner Douglas Shulman from filing his own taxes on time; they’re already done. “I make sure it gets done on time,” he told Reuters. “I just have to look it over.” He said that taxpayers should follow that example and not expect to get any extra filing time if there is a temporary federal work stoppage.

Social Security cuts annual statement mailings

April 1, 2011

A woman sorts paperwork at her home in Concord, North Carolina on November 17, 2010. REUTERS/Chris Keane Here’s a chicken-or-egg question for you: is Social Security’s future really imperiled, or do Americans just think it’s falling apart because Washington keeps shooting the program in the foot?

What if you can’t pay your taxes?

March 16, 2011

A person fills out tax forms in this file photo. REUTERS/Jill KitchenerGetting 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.

Can you pass a high school financial literacy test?

March 9, 2011

A student reads in New York, October 5, 2009. REUTERS/Mike Segar  When it comes to money, are you smarter than a high school student? Now’s your chance to find out.

Meet the “Tiger Mom” of financial education

March 2, 2011

Cook Family Tahoe“How can you do that to your kids?”

That’s the question Sacramento’s Sarah Cook hears all the time. And rather than making her feel embarrassed or guilty, she revels in the scorn. Because it tells her she’s on exactly the right track.

Tax reform in an era of deficits

February 15, 2011

Eric Toder is an Institute Fellow at the Urban Institute and co-director of the Urban-Brookings Tax Policy Center. The opinions expressed are his own.

The Obama budget: What’s NOT in it for you

February 14, 2011

President Barack Obama speaks about the budget during his visit to Parkville Middle School and Center of Technology in Parkville, Maryland February 14, 2011.   REUTERS/Kevin Lamarque President Obama’s proposal for the fiscal year 2012 federal budget is just that: A proposal that would have to wind its way through a Republican-controlled House and a divided Senate to become law. So there’s no sense in panicking about what’s in it and what isn’t.