Money Management Articles
Five things to know about home insurance coverage
What would happen if your home was damaged or broken into? Average
insurance claims range from about $3,600 for theft to just more than
$37,000 for fire or lightning damage, according to ISO, a Verisk
Analytics company. When you're making decisions about your home
insurance coverage, the Minnesota Society of Certified Public
Accountants (MNCPA) recommends keeping this advice in mind.
Aging in place: Four questions to consider
The Centers for Disease Control and Prevention define "aging in place"
as being able to live in one's home and community safely, independently
and comfortably, regardless of age, income or ability level.
The tax advantages of home ownership
If you own your own home, there are some significant tax advantages that can make the prospect more affordable. As a result of the uncertain economy, the federal government has also recently extended a popular tax credit through June of this year and broadened the number of people who qualify.
Three things to know about reverse mortgages
One of the retirement planning resources that has gained interest in
recent years is the reverse mortgage. A reverse mortgage allows you to
convert part of the equity in your home into cash without paying
additional monthly bills. If you're 62 or older -- and want money to pay
off your mortgage, or pay for other expenses -- you may consider a
5 steps to boost your home's value
If you're planning on putting your house on the market, you'll want to
get the best price possible. There are steps you can take to enhance how
much you make on the sale, according to the Minnesota Society of CPAs
Don't fight over finances!
When couples argue, what are they most likely to fight about? You might
not be surprised to learn that, according to a Harris Interactive survey
on behalf of the American Institute of CPAs, money is the top reason
for a marital spat, one that causes disagreements far more frequently
than other critical issues.
What you should know about timeshares
Now that the holidays are upon us, many people dream of taking a
tropical vacation or spending time near a popular attraction. If you're
shopping for a getaway, you may have considered a timeshare, an
arrangement that generally gives you the right to stay at a certain
property for a specified amount of time each year.
Your midyear financial tune up
Did you start the beginning of the year by making smart resolutions to
get your finances in order? Now that the year is half over, it's a good
time to check in and see how you're doing.
Minnesota's new gift tax sparks questions for taxpayers
As part of a campaign to educate taxpayers on confusing, challenging and
emerging tax issues, the Minnesota Society of Certified Public
Accountants (MNCPA) offers filers important reminders and considerations
related to Minnesota's new state gift tax.
Five steps to achieving your financial goals
What do you want to do now, or next year, or five or 10 years down the
road? This is the time of year when people step back and consider where
they stand and how close they are to achieving long-held goals. No
matter what your objectives, there's no doubt that a sound financial
plan will put you in a better position to achieve them, according to the
Minnesota Society of CPAs.
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