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Archive for August, 2012

Preparing Your Tax Return – Picking The Right Preparer

Posted by Levi Dynon On Aug - 31 - 2018

You are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare your return. Choose your preparer wisely.

As a reminder, the IRS encourages you to use only preparers who sign the tax returns they prepare and enter their Preparer Tax Identification Numbers (PTINs).

Here are a few points to keep in mind when someone else prepares your return:

Make sure the tax preparer is accessible. Make sure you will be able to contact the tax preparer after the return has been filed, even after the April due date, in case questions arise.

Find out about their service fees. Avoid preparers who base their fee on a percentage of your refund or those who claim they can obtain larger refunds than other preparers. A

Dump savings bonds to net a greater return?

Posted by Jorja Marion On Aug - 30 - 2018

Dear Dr. Don,
My son received a few Series EE saving bonds at birth. They are nearing maturity, and the plan was to wait to redeem them. In light of the perceived dollar decline, plus the uncertainty of the Treasury being able to meet its obligations after the recent credit downgrade, would it be best to redeem them now?

Dear Lakshmi,
I think you should start out with valuing the savings bonds and checking on their current yields. I am a big fan of the Savings Bond Wizard available as a download on the TreasuryDirect website. Input the face value and purchase date of the savings bonds, and the tool will do all the number crunching. You may be pleasantly surprised at the yields bonds are currently earning, especially given today’s low interest-rate environment.

While the recent credit downgrade of the U.S.

1.00% APY Best money market rate with Evantage Bank

Posted by Jesse Shand On Aug - 30 - 2018

The Evantage Bank just re-opened their Mega Money Market account which is being offered to new customers. This best money market rate is tiered and it has the following current interest rate:

  • earn an interest rate of 1.00% APY for balances of up to $35,000
  • earn an interest rate of 0.50% APY for the portion of the balance above $35,000

You can start earning these best money market rate when you open an account. You just need to make an initial deposit of as little as $1. This money in the deal does not require any minimum balance to earn interest nor does it charge any monthly service fee.

The earnings of this money market deal are compounded daily and paid monthly.

ShareBuilder up to $500 Transfer Bonus

Posted by Jorja Marion On Aug - 25 - 2018

There are two steps to getting your cash bonus. First, go to open a ShareBuilder IRA account online and enter promotion code RET500. Then roll over a qualified retirement account or transfer an existing IRA by October 31, 2012. Roll over or transfer $100,000 or more and receive $500; roll over or transfer $25,000 to $99,999 and receive $150; roll over or transfer $10,000 to $24,999 and get $75. Subject to restrictions listed below, ShareBuilder will add the bonus to your IRA by November 16, 2012.

The bonus will count towards your 2012 contribution limit and will be reported on your Form 5498. Bonuses can’t be paid to Customers who have fully maximized their 2012 contributions. You must have earned income in 2012 to qualify. I

How to Report a Stolen Credit Card – 4 Immediate Steps You Must Take

Posted by Levi Dynon On Aug - 24 - 2018

Even if it has never happened to you (and I hope it hasn’t!), you should know how to report a stolen credit card so that you are prepared if it does happen. I can tell you from experience, it takes more than a simple phone call to make sure that your account and your entire identity is protected after a credit card is stolen.

Several years ago, I was out late with friends at a restaurant. After paying the check and arriving home I looked into my wallet for a business card I received during the evening, and happened to notice the credit card I used to pay at the restaurant was gone. I immediately called the restaurant thinking I left it in the receipt booklet, but they insisted it was not there. T