Personal Finance from Forbes.com

  • Tax Court Sides With IRS In Tax Treatment Of Frequent Flyer Miles Issued By Citibank
    In 2012, Citibank made news for blindsiding some customers with the issuance of a form 1099 for "Thank You Points" for opening a new account. After IRS remained largely silent on the matter, two years later, the question of "Is it taxable?" was answered in Tax Court.
  • Not Enough People Have Financial Advisers and New Research Shows They Should
    Only 52% of pre-retirees and 44% of retirees consult a financial planner or adviser according to a new report, Understanding and Managing the Risks of Retirement, from the Society of Actuaries (SOA), which discusses the findings of their Retirement Risk Survey conducted in 2013.  The report highlights a variety of concerns faced by both pre-and post-retirees, including concerns about health care, long-term care, inflation, and running out of money in retirement.  With roughly 96% of pre-retirees and 89% of retirees responding that they are concerned to some degree about their long-term financial future in retirement, it is troubling that only about 50% of people meet with a financial adviser. Confidence and peace of mind are just two of the more obvious reasons to seek the services of a financial adviser. Most people in the baby-boomer generation are not confident that they will have enough money for retirement.  According to an IRI 2014 survey, baby-boomers with financial advisers are twice as likely to feel confident about their retirement savings as those without an adviser.
  • 5 Ways To Spot A Fake IRS Call
    How I dealt with the fake IRS over summer vacation.
  • Market Basket: The Return of Boomer Activism
    Older workers led a successful job action at the Market Basket grocery chain. Will they inspire others?
  • What Every Angel Should Know Before Writing The First Check
    Consider the temptation. The young entrepreneur is charismatic and smart. The new product is very cool. And the technology behind it is ground breaking. With all that, investing in this company seems like a slam dunk. Maybe, maybe not. But before you invest, make sure you’re evaluating not only this particular opportunity, but also how it fits into your bigger “angel strategy.”
  • 4 Ways To Reorganize Your Finances -- By Personality Type
    By Molly Triffin
  • There Are 2000 Reasons For Continued Optimism In The Stock Market
    Corporate profit growth, rising dividend payouts and a rebounding economy.
  • 5 Steps for Saving Money on Textbooks
    Printed textbooks could soon be a thing of the past. Why? eTextbooks are more customizable, teachers can request specific chapters for their students and updating them doesn’t require a brand new printing. However, they can’t be resold. Buying and reselling textbooks can save students thousands of dollars over the course of their college careers.
  • Tax Court Says Bank 'Thank You' Points Are Taxable Income
    Unless you've flittered away your excess cash on magic beans, you've probably got a bank account. With over 500 banks failing between 2008 and today, however, you wouldn't be crazy to think that your money might actually be better spent invested in magic beans than in your local savings and loan. Of course, banks realize this as well, and as a result, the industry has upped the ante of the incentives it offers customers for opening an account.
  • Are We Heading For Another Stock Bubble?
    Is another stock bubble forming? Read what one prominent analyst had to say about this subject. This is one you won't want to miss!

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