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MoneyTipsFor years, you have been dreaming about buying your first home and now you are debating taking action. Are you ready to enter the home buying market? Consider these seven

How can you retire with $1 million in assets? It's easy… if you start with $3 million! All kidding aside, the best answer is to make a plan that achieves the savings necessary to get to $1 million. We can help you formulate that plan using the following seven tips. 1. Make Saving and Budgeting a Priority – Saving is a mindset, and a budget is the way to turn that mindset into tangible results. Start by laying out a reasonable budget, looking for ways to cut expenses. Your budget is the building block to get a monthly surplus – and you can't even begin to save $1 million if you ...

By Eric Olsen, Executive Director, HELPS Nonprofit Law Firm At this time of year, creditors sometimes send out what is called a Form 1099-C. They email it to the Internal Revenue Service (IRS) and copy the person who owes them debt. The form tells the IRS that they, the company who is owed the debt, has tried (unsuccessfully) to collect and the unpaid debt is now "written off." Seniors are often told by their tax preparers that they now have to pay taxes on the debt contained in the 1099-C, as it is now considered income they received. This is almost always NOT the case and I shudder to think...

KXLY April 20, 2021 7:00 AM MoneyTips Posted: Updated: With businesses and individuals taking steps to return to normal living, there’s a lot of pent up consumer demand to spend. The new term “revenge shopping” implies that consumers will be making up for lost time with a boom in products and experiences they couldn’t purchase during the lockdown. The National Retail Federation estimates that retail sales will increase between 6.5 to 8.2 percent this year over last year to a total of $4.4 trillion, exceeding the 4.4 percent average during the previous five years. Of those wh...

Channel3000.com January 6, 2021 9:00 AM MoneyTips Posted: Updated: CentralITAlliance Closeup on concerned elegant 40 year old woman in gold sequin skirt and white sweater under decorated Christmas tree near present boxes checking her waller. Holiday Debt On the Increase Are your credit cards still smoking from holiday overuse? Based on a recent MagnifyMoney survey, it wouldn’t be surprising. Consumers who financed their holiday spending averaged $1,381 in holiday spending debt – a six-year high and a sharp increase from 2019’s $1,325. Increases in wages and consumer confidence...