Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits. Illinois raised its retirement age to 67, the highest…
As the financial markets rebounded in 2009 and developing markets continued to grow, lost wealth around the world returned. Despite the volatile global economy, many households gained or regained millionaire status last year, according to…
Aburizal Bakrie, pictured here in this file photo, has every reason to smile. The controversial businessman-cum-politician is fourth on Globe Asia’s Rich List, which will be published on Monday. Globe Asia’s 150 Richest Indonesians Total…
The American Express Centurion Card, more commonly known as the “Black Card,” has become the status symbol du jour for high-end cardholders. But how do you get your mitts on one? Here’s a roadmap. The…
Big discounts! Big sales! Big freebies! Enticing deals abound, but you need to distinguish those from the raw deals masquerading as bargains. Many of them come with so many strings attached that they could cost…
The financial turmoil in Greece has helped send investors around the world scrambling for the safety of gold and green – as in U.S. greenbacks. Both gold and the U.S. dollar have been gaining in…
Millions of senior citizens are discovering that they do not have adequate financial resources to retire. Some seniors are unable to retire due to the recent economic crisis and others due to poor financial habits.…
Have you ever purchased a product because you were afraid of what would happened if you didn’t? Many businesses in the United States thrive due to the emotional response of its customer base. One of…
WASHINGTON — Here’s a good way to get audited by the Internal Revenue Service this year: claim the new homebuyer tax credit. About a fifth of all IRS examinations done by mail in the past…
America is Back!, Newsweek declares this week. Cover-story author Daniel Gross says the economy is making a strong comeback, defying the odds and surprising the naysayers. “The turnaround we’ve had since [Lehman Brothers’ bankruptcy], while…
With increased computer power and more money for staff from the Obama administration, the IRS is gearing up to intensify its audits of individual taxpayers. High income alone is far from the only factor triggering…
Although the tax code permits a wide range of deductions for taxpayers in various situations, thousands of filers routinely claim deductions for various types of expenses that are in fact non-deductible. Here is a list…
They’re back in fashion, with good reason: An hour spent cutting and clipping can yield about $100 in savings. Clipping coupons hardly sounds like the subject of high finance — or even medium finance. Save…
APR Shocks Many, but Issuer Says They Are Pricing for the Risk If you have bad credit in the new era of credit card regulation, be prepared to pay — dearly — for the privilege…
If history is any indicator, less than 1% of Americans will be audited by the Internal Revenue Service in the coming year. And while some of these audits are totally random, and there’s nothing that…
THE tins of seasoning on top of Zach Motl’s refrigerator – Old Bay, Hungarian paprika, Madras curry powder – are for show only, chosen for their graphic punch and nifty typefaces. Living in a room…
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