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End-of-year tax tips

The end of the year is fast approaching, so now may be a good time to start thinking about steps that could help reduce your 2012 income tax liability. Of course, before you take any specific action,


Bankruptcy & Chapter 7: ‘Fresh start’

A Chapter 7 bankruptcy typically is filed by individuals, couples or businesses. Frequently referred to as the "fresh start" or liquidation bankruptcy, Chapter 7 usually allows the debtor to receive a discharge from unsecured debts. A discharge means that the debtor is no longer responsible for paying these debts and creditors can no longer collect on these debts.


Bankruptcy 101

While there may still be a sliver of a stigma associated with bankruptcy, the most recent economic downturn has helped create a view of it as a strategy to rise above an almost impossible situation.

From job loss and cutbacks to medical bills and divorce, life happens to us all. Every year, over a million people at various stages of life file for bankruptcy. The list of notable filers includes Presidents Abraham Lincoln, Ulysses S. Grant and Thomas Jefferson; major companies such as Chrysler, General Motors, Chuck E. Cheese's, Delta Airlines, K-Mart, Perkins Restaurant and United Airlines; and even famous folks such as Donald Trump, Walt Disney, Larry King, Mike Tyson and Toni Braxton.


Business builder or time waster?

In a recent survey, 94 percent of marketers reported that they are using social media to market their businesses, and many small-business owners were willing to tout its potential benefits. About half (51 percent) of small businesses (2 to 100 employees) reported that social media helped to improve sales.


‘Mass affluents’ work hard for the money

I found information in Nielsen's newest report, "Affluence in America: A Financial View of the Mass Affluent," so interesting that I thought you might, too. Mass Affluents are defined as households with Income Producing Assets (IPAs) of $250,000 to $1 million (not including real estate), reporting actual average annual income of $105,000.


Bankruptcy: Alternatives

As the nation pushes through the recession, folks have felt the financial strain. For a multitude of reasons, there just doesn't seem to be enough money to meet obligations for many people. So this month "On Our Way to Wealthy" will focus on alternatives to bankruptcy as well as the various chapters of bankruptcy.


Insurance: Disability, long-term care – What’s the difference?

Disability insurance is designed to protect wages lost due to an illness or accident. Long-term care insurance is designed to help cover costs of health care services provided in your home, a nursing home, a rehabilitation center, or an assisted living facility.

Disability insurance addresses lost wages that stem from an inability to work. Long-term care insurance addresses expenses associated with medical care provided to you in your home, a nursing home, a rehabilitation center, or an assisted living facility.