The Bankruptcy Means Test – What does it Mean?

What is the Bankruptcy Means Test

Before the federal bankruptcy law was rewritten in 2005, one of the main complaints was that bankruptcy was too easy of an option for too many consumers. In particular, the goal was to push more filers into Chapter 13 bankruptcy as opposed to Chapter 7 bankruptcy. The main difference, of course, is the five-year repayment [...]

Alternative Minimum Tax Patch for Tax Year 2010

Congress provided the most suspense in many years last December when it comes to the Alternative Minimum Tax (AMT). For most of the month, the news see-sawed from good to bad with regard to the annual patch for the AMT. With only days left in 2010, the yearly patch was approved along with many other [...]

The 10 Fastest Growing Careers

Fastest Growing Careers - Nurse

First, a caveat: Choosing the 10 fastest growing careers in the country is an inexact science because smaller niche fields may be left out of government and private calculations and predictions. However, no matter the source, it is clear that many fields in the medical and health field – due to current dire shortages of [...]

Are You Paying Off the Right Debt? Your Mortgage vs Your Student Loans

Pay Off Mortgage or Student Loans

Perhaps it was the lottery or a final bequest from a long-lost relative. No matter how you suddenly ended up with a pile of extra cash, you may be wondering whether to target the mortgage or student loan balance. After all, student loan debt and a mortgage are the biggest debts carried by the average [...]

Top 10 Paying Freelance Jobs

Freelance Writing - Highest Paying Freelance and Online Jobs

Freelance jobs are becoming more and more common in today’s economy for a couple of reasons: First, people who have lost full-time jobs during the recession are increasingly trying to make it on their own by freelancing in their chosen field. Second, companies facing a money crunch are turning to freelancers because they save on [...]

Getting Started Financially After a Divorce

Finances After a Divorce

A divorce can brutally batter the finances of both the husband and the wife, particularly in a situation in which the family had blue-collar values and a blue-collar budget. After a divorce, the money that paid the bills and supported a single household must now pay for two sets of bills and two different households. [...]

Why You Should Seek Year-End Tax Planning Services

Alternative Minimum Tax Patch

The end of the year is traditionally a time for many people to assess their financial situation – often with the help of a tax expert – and make some decisions that can result in lower tax obligations. For example: making a contribution into an IRA before you file your taxes adds a tax benefit [...]