Money Management Articles
Deciphering the health insurance requirements
You can't put it off any longer: Effective Jan. 1, 2014, the Affordable
Care Act (ACA) requires all Americans to maintain a minimum level of
health coverage or face a tax penalty. While some people are flocking to
www.healthcare.gov to research and purchase their insurance, others are
unsure how to proceed.
Taking the bite out of pet care costs
Spending on pets hit an all-time high last year, topping $53 billion,
according to the American Pet Products Association. The highest growth
came in pet services -- such as grooming, boarding, and pet sitting --
and supplies and over-the-counter medications also saw a sharp rise.
Tax tips for newlyweds
June is traditionally a time when couples tie the knot and, as is the
case with so many major milestones in life, all newlyweds should be
aware of the tax considerations associated with marriage. If you or a
loved one is planning nuptials, the Minnesota Society of CPAs offers
this advice on addressing the tax concerns.
Retaining personal financial records: What do you need to keep and for how long?
Does looking at overflowing filing cabinets of bank statements and boxes
of old check stubs make you want to start a bonfire in your backyard?
Before you grab the lighter fluid and matches, make sure you know what
you can torch and what you need to keep.
Financial literacy education at work
The economy may be showing signs of improvement, but research shows
employees are still not confident about their own financial situations.
The Patient Protection and Affordable Care Act: Its impact on small businesses
When the Supreme Court upheld the Patient Protection and Affordable Care Act (ACA) in June 2012, it set in motion a timeline of events that may have seemed far off, but are now imminent for America’s small business owners. The Minnesota Society of Certified Public Accountants (MNCPA) advises that it’s now time for small-business owners to be sure they understand how the Affordable Care Act affects them and pay close attention to the timeline and deadlines ahead. The MNCPA provides this helpful information.
Understanding life insurance: Sorting through the choices
When you think about life insurance, you may dismiss it as something that only older people need. A life insurance policy is taken out on someone’s life and pays out when they die so that loved ones are financially protected. Insurance proceeds are used to pay ongoing expenses, educate young children, pay off mortgages and cover other critical costs and final expenses.
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