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Trusted Answers From Licensed Business Professionals

The Real Costs For Using Frequent Flyer Miles Are Rising

There is an ethos among travelers that plane tickets are free when using frequent flyer miles to make the purchase. The truth is that taxes and fees can amount to 15% of the face value of the ticket and even 50% or higher for international travel. Some travelers know about the fees but do they know about the rising costs for reward seats? Read More.

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When Should I Start Taking Social Security Benefits?


The jury is still out on what will happen to the social security program which is expected to become insufficient by 2033 or in roughly 20 years. This means that workers under the age of 42 aren't expected to receive the full social benefits due to them. Rather, they will be lucky if they get 75% of their benefits. Still, it is important to know when is the right time to start taking social security benefits. .
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Lending Money To Family And Cutting Out the Bank

Banks are still only offering clients a whopping 0.50% per year and only 0.91% for the most generous savings accounts. Clients in search of a home equity loan may be hard pressed to find an interest rate below 6%. Many families are noting this spread and taking the middleman (i.e. bank) out of the equation. The financial benefit with this approach does come with certain risks. Read More.

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When Should I File For Bankruptcy?


While personal bankruptcy rates are on the decline from a high of almost 1.6 million in 2010, there were still nearly 1.2 million individuals that filed for bankruptcy in 2012 (source: uscourts.gov). If you believe you're on the brink of financial collapse, it is important to know when is the right time to file for bankruptcy. .
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The interest rate on the government subsidized Stafford loan is scheduled to increase two-fold starting on July 1st, 2012. Specifically, rates are expected to rise from 3.4% to 6.8% which will impact almost 8 million students. Are there any other attractive financing options for students? .
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Are You Owed Money From A Missing US Savings Bond?

It is easy to lose track of the gifts you receive as investments over the years. This is especially common for investments in U.S. savings bonds which are suppose to be returned to the investor at maturity. But, if the investor cannot be identified, the bonds will be marked as undelivered. In fact, there are 25,000 payments sent back to the Department of Treasury each year. Are you owed a U.S. savings bond? Find out. Read More.

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Purchasing a Property in Short Sale Will Become More Attractive


Real estate property that is likely to be sold in a short sale will become a lot more attractive to purchasers within the next two months. .
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A Technology Device to Lower Your Auto Insurance Rate

A new option is now available as Progressive and others have launched pay as you drive insurance programs. Find out if this program is right for you. Read More.

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You May Be Covered Even If You Try To Cash a Bad Check

Have you ever gotten a bad check from someone and were charged by your bank along with not getting the money? If so, you may be covered and not even know it. Read More.

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The February 2012 existing home sale figures indicate that 34% of the homes sold were at deep discounts (20% due to foreclosures and 14% due to short sales). Homeowners that are currently underwater need to be aware of the tax break that is scheduled to expire at the end of 2012. Read More.

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