Making You a Winner at Money and Life
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Saving for retirement with specialized retirement plans is an excellent way to build wealth on a tax-free or tax-deferred basis. Considering that most people rely on their tax-deferred retirement accounts as income after they stop working, 
making a mistake can be extremely costly.
Here are some retirement saving tax tips that should help you keep more of that money for yourself: [click to continue…]
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photo credit: Matti Mattila
President Obama recently signed into law the “Cash for Clunkers” legislation, a bill intended to boost the sagging auto industry while rewarding people for purchasing more fuel efficient vehicles.
Here is how it works: you trade in your old car (it must be less than 25 years old, drivable and get less than 18 mpg) for a new car which must have a combined fuel economy of at least 22 mpg. New small trucks and SUVs must get at least 18 mpg while large trucks are required to achieve a minimum of 15 mpg. This program will cost $4 billion and will come from TARP.
How much cash will you get paid? Depending on how much you step up in your fuel economy (and several other factors), you will either get $3,500 or $4,500.
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