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- For Those Just Getting Started - 'If I knew then what I know now...'
Suppose you knew someone who just recently decided to get serious about their financial affairs. What would you tell them? Where should they start? This article provides a checklist and brief explanation for some financial fundamentals that lead to long-term financial success and stability.
- Understanding The 'Real Cost' Of Financial Decisions Takes Some Imagination
What is the real cost of a financial decision? Usually, it's not just the purchase price, especially if you view the question from an economic (rather than accounting) perspective. One aspect of counting the cost is considering the opportunity cost. Even though the calculations of opportunity cost are imaginary, making this hypothetical calculation often provides a better understanding of the real cost of financial transactions.
- The 2011 Tax Mystery
Almost a decade ago, some convoluted political maneuvering by Congress resulted in a series of tax cuts that came with an expiration date. Known familiarly as the "Bush tax cuts," these provisions are set to end on December 31, 2010. If no new legislation is approved, tax rates that were in effect prior to 2001 will return. A look at some of the "old" tax laws scheduled to return, and the possibility that lawmakers will extend or modify the current provisions.
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