Self-employment helping boomers stretch retirement savings

 

http://www.cnbc.com/id/100946094

 

There is one way to avoid outliving your money: Work longer, on your own terms.
You may not want to or be able to retire at 65 or 67, but so what.

Cutting the accelerating cost of car insurance

 

http://money.cnn.com/2013/08/01/autos/car-insurance.moneymag/index.html?iid=SF_PF_River

 

 The five-year increase in the price of motor vehicle insurance -- 23.2% -- is more than double the 10.7% rise in consumer prices, according to the Labor Department.

Claims, however, are at best just keeping up with inflation, says the Consumer Federation of America's Mark Romano: "You're certainly not getting any more for your money."

Should you have an accident, make sure your coverage pays off.
Road to recovery

Man Writes Own Credit Card Contract, Sues Bank for Breaking Terms

 

 

http://www.dailyfinance.com/on/man-writes-own-credit-card-contract-sues-bank-for-breaking-term/

  

When you get a credit card application, you have two choices: You can sign it and send it in, or you can decide you don't like the terms, and throw it in the trash.
 

Shopping for a Business Bank Account With Fewer Fees

 

http://www.businessweek.com/articles/2013-08-12/shopping-for-a-business-bank-account-with-fewer-fees#r=nav-r-column

 

 

Question: Is it better to keep more money in my business bank account, or less? I don’t want to pay the stupid minimum monthly balance fee to the bank. The minimum is $15,000, which I can barely do. Is it worth the $17 fee per month, or do I have any alternatives?

The Cost of Chronic Disease

 

Chronic disease is a difficult challenge for afflicted individuals, and because of its pervasiveness it has also become a significant problem for the nation, causing 70% of U.S. deaths, according to the Centers for Disease Control and Prevention.
Chronic health problems such as cardiovascular disease, diabetes, obesity, cancer and kidney disease account for more than 75% of the nation's $2.7 trillion in annual spending for medical care, says Ursula Bauer of the Centers for Disease Control and Prevention.

Read more: http://www.foxbusiness.com/personal-finance/2013/08/09/cost-chronic-disease/#ixzz2bmG9emjk

Tips for Deducting the Home Office

 

The home office deduction seems pretty straight forward, but like most parts of the tax code, there are nuances and eligibility requirements that can make claiming the deductions difficult.
Last week, a client explained that he has a home office but he doesn’t have a specific place set up in his apartment for his business. He lives in a two-bedroom apartment with a roommate who inhabits the second bedroom. He works at the business sometimes on the dining room table, oftentimes on the couch in the living room and in bed late at night. He stores inventory in the laundry room. “So how do I determine the deduction?” he wondered.

Read more: http://smallbusiness.foxbusiness.com/finance-accounting/2013/08/09/tips-for-deducting-home-office/#ixzz2bmGXirOU

What's Keeping You Up at Night: Affording Medical Bills

 

Imagine that you are steadily climbing the ladder in your career, have a great family life with two well-adjusted teenagers, and a beautiful home. The future could not look brighter.
Then...bam! Out of the blue you suffer a stroke. Or are diagnosed with cancer. The doctors happily assure you that you will survive since they caught it early. You sign up for the best medical care possible, but the treatment means taking several months off from work.

Read more: http://www.foxbusiness.com/personal-finance/2013/08/12/boomers-top-worry-affording-medical-bills/#ixzz2bmFhJQj6

Does My Income Matter With Car Loan Co-Signer?

 

Dear Driving for Dollars, 
I am a server in a restaurant. I make good money when you count my tips, but on paper my income is much less, so I am having a hard time getting a good interest rate on a car loan. I think I have a friend with great credit and a good income to co-sign for me. How much does my income matter with a co-signer? 
-James
Dear James, 
When you get a co-signer for a car loan, that person's income, credit score and history are taken into account. In short, the lender will be looking at your friend's ability to repay the loan entirely on his or her income and credit profile. If the friend has the income and credit that you say, you should be approved for a better interest rate than on your own.

Read more: http://www.foxbusiness.com/personal-finance/2013/08/09/does-my-income-matter-with-car-loan-co-signer/#ixzz2bmFYQKrN

IRS Publication

http://www.irs.gov/publications/p505/ch02.html#en_US_2013_publink1000194638

The Law Office of Susan J. Salehi has helped 1000’s of people like yourself with Chapter 7 and 13 bankruptcies since 1992, both in the Santa Barbara/Ventura and Kern County areas. We offer a free consultation, reasonable rates and payment plans. All of your options will be explained during your free consultation with the attorney at the Law Offices of Susan J. Salehi. Start at only $999 Attorney Fees. Restrictions Apply. Stop Foreclosures with a Chapter 13. Operators 24/7. (805) 654-1467, (818) 880-8305, (661) 631-0252, (805) 202-4688.

Common Pieces of Money Advice You Can't Afford to Follow

http://www.dailyfinance.com/2013/05/22/bad-financial-advice/

Few of us feel like financial experts, so when it comes to money matters, we generally welcome advice. The trouble, though, is that not all the financial advice the professionals dish out is sound, despite often seeming so. Below you'll find several examples of bad financial advice. There are plenty of others, though, so carefully assess any guidance you run across.

How To Pay Off Student Loans When You Have No Money, No Job, And Nowhere Else To Turn

 

http://www.businessinsider.com/what-if-you-cant-repay-student-loans-2013-6?utm_source=dailyfinance&utm_medium=referral&utm_term=&utm_content=703&utm_campaign=partner

 

  

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America is in full-on student loan damage control mode.

Faced with a $1 trillion student debt hole and college graduates entering the job market already $27,000 in the red, lawmakers are butting heads over the right way to give borrowers some much-needed relief.
But for anyone out there who is struggling to make payments on their loans today, chances are that help will be too little, too late.
Maybe you're out of a job, aren't earning enough, or simply don't know where to begin. What do you do if you can't pay back your loans?

5 Easy Ways to Reduce Your Health-Care Costs

Health-care costs are still outpacing inflation, but the growth rate is starting to decline.
Since the 1990’s health-care costs have increased at double-digit rates each year, but now PwC’s Health Research Institute is projecting a single digit growth rate of 4.5%. The slowdown is good news for consumers, and they can also pat themselves on the back for helping control the rise.  

Read more: http://www.foxbusiness.com/personal-finance/2013/07/02/5-easy-ways-to-reduce-your-health-care-costs/#ixzz2Y0CUNwlu