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Hitting the Personal Financial Reset Button
A BW senior correspondent details his quest to repair his retirement portfolio and get his family's finances in order It could have been worse. At the end of February—a year and change since my wife and I had shifted our money to professional wealth management advisers—our equity holdings were down 48% for the 16 months they had managed it. But our ... -
Beware of Higher Tax Bill Before Dropping 401(k)
DES MOINES (AP) — With economic pressures mounting, you may think reducing your 401(k) contribution is an easy way to add money to your paycheck. But before you do, consider how it will increase your tax bill. Many people have become so focused on the recent losses of 30% or more in their account balances that they've forgotten a primary benefit ... -
5 Things You Can Do Now to Prepare for Rising Inflation
We all have our little fears: The frayed wire on the coffee maker. That knocking noise from the left-rear tire. The zombies staggering around in the backyard. For investors, one of the biggest fears today is inflation — a period of rising prices. Inflation erodes the buying power of your money at home and abroad. In a worst-case scenario, it can ... -
How Would You Spend a Raise or Bonus?
When we asked Monster readers what they’d be most likely to splurge on if they got a big salary bump -- a new car, wardrobe or home entertainment technology -- the car topped the list with 51 percent of the votes, followed by the wardrobe with 30 percent and the home entertainment center at 18 percent. But quite a few readers ... -
Make Your Taxes Less Taxing: Tips and Tricks
Taxes are overwhelming and complicated. There is form after form and it gets tough to keep them all straight. The most painful part, however, is seeing the toll it takes on you wallet. TurboTax, Military.com and InsideTech have brought you expert financial advice to make your taxes as painless as possible and hopefully save a lot of money in the process. ... -
Your Job Search Expenses May Be Tax-Deductible
Did you spend substantial amounts of money looking for a new position last year? You may be able to succeed where Nelson Rockefeller failed and take a tax deduction for many of your job search-related costs. When New York Governor Rockefeller was appointed vice president in the '70s, he deducted expenses incurred in connection with his congressional confirmation hearings. Years later, ... -
Bailout Bill Extends Tax Breaks for Individuals
In 2008, legislation was passed to help rescue US markets and the economy. But did you know that these bailout bills also included a bundle of income tax breaks? The biggest ones are known as "extenders" - popular tax breaks that might seem permanent to most taxpayers, but actually must be renewed every year or two. Stuffed inside the *Emergency Economic ... -
InsideTech's Laptop Buying Guide
Over the last few years, laptops have become powerful, portable, and inexpensive enough that it's easy to get by without a desktop machine. As laptops have become more of a default than a luxury, the range of features, models, and prices has expanded greatly. Sorting through all those options isn't always easy, but these 10 rules for laptop buying should help ... -
How Much Money Should You Save for Retirement?
Have questions about planning for retirement? Our Money Mentors have some answers. They aren't financial pros. They're ordinary folks who, as retirees, manage their own finances. Their nest eggs, excluding their homes, vary from a couple hundred thousand dollars to $2 million. The one thing they have in common is experience as retirees — and the desire to share the lessons ... -
5 Money Mistakes Smart People Make
Everyone has at least one frugal friend who always crows about how much money he saves by clipping coupons or frequenting discount stores. And while this friend’s behavior/bragging is a great reminder of how you should be more financially savvy — especially when the U.S. economy isn’t in the best shape — he may overlook some simple savings strategies that you’ve ... -
Filing Taxes Online
Tax season is right around the corner and several military families will attempt to file their taxes on paper. However filing taxes on paper is a long and cumbersome process. If an individual taxpayer chooses to file without the help of a certified public accountant (CPA), the process can take hours. And, if mistakes are made the repercussions can take the ...










