Friday, February 27, 2015

Personal Finance


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The Street: To start building an emergency fund, putting 10% of your current paycheck away is a good head start, as is cutting your household budget. But those are conventional strategies; in boosting your emergency savings, the more creative, the better.
The Street: Between 2013 and 2014, nearly 2 million Millennials became members of credit unions, a 2% increase, said the Credit Union National Association, a Washington, D.C. trade group. Gen X-ers are also switching
Dave Ramsey: I have a question about home warranties. Are they a waste of money if you already have a fully-funded emergency fund, with six months of expenses or more set aside?
Dave Ramsey: I'm 30 and debt-free. Do you think I should stop making contributions to my 401(k) account for a year in order to save up an emergency fund?
The business card is plain and simple. But is it worth considering?
The Street: To prevent the costly consequences of mistakes wrought by independent and budget-minded filers, experts advise avoiding certain pitfalls, because one misstep could cost hundreds of dollars in potential return money or could lead to possible fines and jail time.
The Street: The IRS is very attuned to things that look suspicious. For example, if you claim to have donated large amounts of clothing and household goods but you didn't move or sell a home, there will be questions.
Dave Ramsey: We've got our emergency fund in place, and we're debt-free except for our home. We'd like to have a child soon, but my job requires frequent travel. I don't want to be away most of the time when there's a baby in the house, so I'm thinking about opening my own business. That way, I can set my own hours. What do you think of this idea?
WASHINGTON (AP) - Investigators said Thursday they have recovered 32,000 emails related to a former IRS official at the heart of the agency's tea party scandal.
TOKYO (AP) - Japanese factories churned out more machinery and electronic devices in January as export shipments rose, but lower energy costs due to cheaper crude oil failed to provide a long-awaited boost to consumer spending.
NEW YORK (AP) - UnitedHealth, the largest U.S. health insurer, said Thursday it is tightening its coverage rules on hysterectomies.
RIO DE JANEIRO (AP) - The IOC is relaxing a rule that prohibited athletes from promoting non-official sponsors during the Olympics.
OXON HILL, Md. (AP) - Wisconsin Gov. Scott Walker said Thursday that his experience taking on thousands of protesters in his state helped prepare him to take on terrorists across the world.
PLANO, Texas (AP) - Shares in J.C. Penney Co. are tumbling in aftermarket trading after the department store chain posted disappointing results for its key holiday-shopping-season quarter.
SAN FRANCISCO (AP) - Gap Inc. reported stronger-than-expected fourth-quarter results on Thursday as sales continued to improve for Old Navy, its largest brand.
DEAR HARRY: My employer gives bonuses to employees at year-end. We get the choice of whether to take our checks at that time or in January of the following year. I got mine in December 2014. Because of some health issues, I now intend to retire in June 2015. As a result, I will be in a lower tax bracket in 2015.

Only Dave Ramsey keeps his teeth in. Dave's done stupid with zeros on the end, and he wants you to learn from his mistakes. Read his column Tuesday, Thursday and Saturday on