Tag Archives: personal finance


Posted 9 months ago in Your Money & The Law by Janet Raasch  
Payday Loans Prey on the Vulnerable

Financially-strapped individuals turn to payday loans when they need cash between paychecks and have exhausted every other option. These borrowers are rarely eligible for other kinds of credit, and don’t want to borrow from family and friends. Each year, about 12 million borrowers take out payday loans. The U.S. Consumer Financial Protection Bureau calls payday loans “debt traps.” Research shows that they often push low-income borrowers off the financial cliff, into bankruptcy or default. Only about 14 percent of borrowers …

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Posted 9 months ago in Consumer Law Your Money & The Law by Janet Raasch  
You Can Sue Your Financial Adviser for Bad Investments

With the increasing popularity of 401(k) plans and IRAs, many more of us have become investors — often without any background at all in finance. People owning such accounts must now decide how and where their contributions to these accounts are allocated. To make better decisions, many of us are seeking the advice of financial advisers. Just like doctors and lawyers, these professionals are required to adhere closely to standards of professional conduct. When the actions (or inactions) of a …

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Posted 1 year ago in Taxation Your Home & The Law by Betsy Kim  
Save $$ with Strange but Valid Tax Deductions [Infographic]

Lawyers.com reported on Mary J. Blige’s tax troubles, as the state of New Jersey has filed a $900,000 lien against her home. But you can stay out of trouble and possibly even save money by knowing tax laws. The TurboTax infographic below shows 10 strange but legitimate ways to possibly reduce your federal taxes. Your child’s taking clarinet lessons, your quitting smoking and moving family pets are some of the interesting but little known deductions that might save you money …

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Make Money Turning Home Brew into a Business [Video]

  People savor the tastes of craft beer. At least one million people in the United States brew their own beer at home. Could you take this hobby and turn it into a thriving business? Maybe. But similar to tobacco and firearms, alcohol is a tightly regulated industry. Whether you want to make beer for a hobby or would consider an entrepreneurial enterprise, Lawyers.com Editor-in-Chief Larry Bodine explains the laws of what you can and cannot do with your home …

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