Category: News You Can Use

Thoughts on the economy

Help! My retirement fund took a dive! What should I do? If your money is soundly invested in a diverse range of instruments, you should not worry. And you shouldn’t panic and sell it all off before it goes down any further – it may cost you in the short term, and it will cost …

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What is True Wealth?

Excellent article that explains what true wealth is: http://www.getrichslowly.org/blog/2009/01/18/the-razors-edge-lessons-in-true-wealth/

New tax deduction for individuals

For those who don’t itemize, a deduction is available in addition to the standard deduction: up to $500 is allowed for real property taxes paid in 2008. This will be a help to those who have paid off their homes, and wouldn’t otherwise qualify for itemization. The deduction is also available for 2009 property taxes.

Proposed tax legislation

President Obama has proposed some tax relief for American families. Among the tax provisions of the proposed legislation The American Recovery and Reinvestment Tax Act of 2009 (ARRT) is a refundable tax credit of 6.2% (equal to the social security tax withheld from your pay) of earned income, not to exceed $500 for a single …

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