“Happy” Valentines Day?! When it comes to money matters, everything may not be rosy. Here’s is a survey from the AICPA that states that 30% of all couples arguments are about money. Wants vs. Needs, unexpected expenses and insufficient savings are the top 3 battles. How to prevent this? Read the attached and Stay tuned…Susan Bruno, a member of the AICPA Financial Literacy Commission, will be interviewed by WSJ radio and WBBM today and we will post the recording!
Like property, debt is classified as marital or separate. In general, both spouses are responsible for any debts incurred during the marriage. It doesn’t matter which party actually spent the money. When the property is divided at the time of divorce, it’s often the case that the person who gets the asset also gets the […]
Health-care reform legislation enacted in 2010 included a new 3.8% Medicare tax on the unearned income of certain high-income individuals. The new tax, known as the unearned income Medicare contribution tax, or the net investment income tax (NIIT), took effect on January 1, 2013. How well do you know the rules associated with it? Who […]