Archive for the ‘Finance’ Category

Do I Have To Pay My Mortgage Payments?

Thursday, September 25th, 2008

Is it just me, or is it a sad, sad, sad state that we're in as a country when the media has to actually remind people that they are obligated to keep making mortgage payments even if their mortgage company goes belly-up? Personal responsibility... how dare we suggest it!

Do I Have To Pay Nanny Taxes?

Saturday, June 14th, 2008

If you directly hire a nanny to come into your house and care for your child, that nanny is considered an employee and you are the nanny's employer - you are a household employer.  Household employers have to follow the IRS rules and have the nanny provide proof of citizenship by ...

Traditional IRA vs Roth IRA

Thursday, June 12th, 2008

IRA is an acronym for Individual Retirement Account.  A traditional IRA is an account into which you may deposit $5,000 in 2008 ($6,000 if you're 50 years old or older) as long as your income for that year equals or exceeds the amount you deposit into the IRA, and your modified ...

Smoke Cigarettes, Lose $1.6 Million

Wednesday, June 11th, 2008

Smoking cessation is a tough endeavor.  Heroin addicts often report that it is more difficult to stop smoking cigarettes than it is to quit using heroin.  For some reason, the risk of cancer, stroke, heart attack, chronic obstructive pulmonary disease and other life-threatening medical conditions do not seem to frighten ...

Financial Planning - Start Early!

Tuesday, June 10th, 2008

Prudent money management is based on the premise that you should spend less than you make.  Financial success depends on that basic rule, and failure is almost guaranteed without a pre-meditated money management plan – a budget - set in place.  Most teens cruise through high school without any serious ...