Reuters Money

5 ways a big deficit deal will whack your retirement

July 21, 2011

If Washington strikes a big deal on deficit reduction to avoid debt default, it’s going to be bad news all around for older Americans.

How to avoid an inheritance battle

July 21, 2011

We’ve all read about huge family fortunes squandered in legal battles between siblings after the patriarch or matriarch dies. While most of us wouldn’t make national headlines regarding our estate planning matters, the pain and destruction of inheritance feuds can  be minimized if not totally avoided.

Fractional ownership is on the rise, so power up that corporate jet

July 14, 2011

Despite the fact that President Obama has started taking aim at tax breaks, fractional ownership is gaining steam post-financial crisis, offering affluent consumers an efficient use of their dollars and time. So if you thought owning a piece of a private jet or Italian villa was just for the Cannes crowd, think again.

CORRECTED: Who benefits from student loans and educational tax benefits?

July 13, 2011

On Wednesday, we looked at mortgage debt and the home mortgage interest deduction, based on new data released in a Joint Committee on Taxation report. Today, we’ll look at student loans and their corresponding interest deduction.

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.

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.

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.

Financial independence day: 5 ways to get there

July 4, 2011

No fireworks will explode if you can pull off financial independence, but it sure beats working for the man. How do you do it? Do you have to live like a monk? Give up chocolate? Move to a tent? Stop watching the Cartoon Network?

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.