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Retirement annuities: Cash for life

Making lightweight canoes had long been a labor of love for Joel Flather, founder of Compass Canoes in Taunton, Mass. But last year, at age 66, Flather decided to sell his ten-year-old business to a larger boating company. The transition confronted Flather with one great unknown. “We never had a pension plan at my company,” [...]

How high earners can grab a Roth IRA

Paul Heck owns EveryHome, A successful real estate brokerage in suburban Philadelphia. The 53-year-old never considered making a Roth IRA part of his retirement plan. While Heck understands the substantial tax advantages of a Roth, he makes too much money to qualify. Recently, however, he got a tip from his financial planner about an upcoming [...]

Does the IRS have money Waiting For YOU!?

If you’re still waiting for your economic stimulus payment, it might be in one of the more than 383,000 pieces of mail returned to the IRS.
Those envelopes were undeliverable because of bad addresses. That’s left taxpayers frustrated as the IRS tries to figure out how to get $266 million in tax rebate and regular tax [...]

Uninsured Americans Footing the Health Care Bill!

Uninsured Americans will spend $30 billion out of pocket for health care, and receive $56 billion in uncompensated care in 2008, new research shows.
Uncompensated care is defined as health care that is received but not paid for by the uninsured or a health insurer.

In a report appearing in Monday’s online edition of Health Affairs on [...]

$7,500 Tax Credit for First-Time Home Buyers

I’ve been hearing a lot about this new $7,500 tax credit for first-time home buyers, which is part of the newly passed 2008 American Housing Rescue and Foreclosure Act. Is it as great as it sounds?
A new website has been put up with more information about this tax credit. Curiously, the fact that this “credit” [...]

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