Money Talk - July 2012

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Mid-Year Reality Check: Covering Your Bases in Uncertain Times

Imagine playing a complicated game, but the rules of the game are changing, and the new rules have yet to be announced. That's what income tax planning is like this year.

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Ways Parents Can Help Their Boomerang Kids

It's been called the new retirement wild card. But it's not inflation, health-care costs, or taxes. What is it that's causing so much uncertainty? It's boomerang kids, and the money their parents spend on them.

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Natural Disaster Planning for Small Businesses

Whether your small business survives a natural disaster may depend as much (if not more) on the plans you put in place now, before a disaster occurs, as on what you do after a disaster strikes. Here are some disaster preparedness ideas for you to consider for your small business.

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Is it true that Social Security beneficiaries are being required to receive their payments electronically?

That's correct. On March 1, 2013, the U.S. Treasury Department will stop mailing paper benefit checks. After that date, all Social Security beneficiaries (as well as anyone receiving another type of federal benefit, such as Supplemental Security Income benefits, Railroad Board annuity payments, federal retirement benefits, or veterans benefits) will be required to receive their benefits electronically.

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Is the Social Security Administration mailing out annual Social Security Statements?

WThe Social Security Administration (SSA) suspended mailing annual Social Security Statements in 2011, but resumed mailing these statements to workers age 60 and older in March. In May, the SSA unveiled an online statement service.

 

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