Wednesday’s need-to-know money news

Today’s top story: Goofed on your tax returns? Here’s what to do. Also in the news: 5 awful reasons to buy a stock, what newlyweds need to know about insurance, and does free shipping make you spend more money.

Goofed on Your Tax Return? Here’s What to Do
Don’t panic.

5 Awful Reasons to Buy a Stock
Be cautious when buying.

What Newlyweds Need to Know About Insurance
Changes you need to make.

Does Free Shipping Make You Spend More Money?
When free shipping gets costly.

Monday’s need-to-know money news

bigstock-U-s-Income-Tax-Return-Form-28476797-e1390508229663Today’s top story: The best time to file your tax returns. Also in the news: Picking the right financial advisor, overcoming retirement obstacles, and what the Presidential candidates have planned for your wallet.

The Best Time to File Your Tax Return
What’s the optimum time for you?

Key Steps to Researching a Financial Advisor
Finding the right advisor.

5 ways to overcome obstacles between you and retirement
Don’t let them get in your way.

Keep an eye on candidates’ plans for your wallet: Advisors
They’re both after your money.

Wednesday’s need-to-know money news

emergency-fund-1940x900_36282Today’s top story: Debunking emergency fund myths. Also in the news: How filing separately could give some couples a lower tax bill, the financial benefits of living with less, and how much down payment you should have to buy a home.

Debunking 5 Emergency Fund Myths
Separating fact from financial fiction.

Filing Separately Could Give Some Couples a Lower Tax Bill
Splitting up your tax returns could save you money.

The Financial Benefits of Living With Less
Downsizing your way out of debt.

How Much Down Payment Do You Need to Buy a Home?
How much do you really need?

Thursday’s need-to-know money news

2Today’s top story: How the new advisor rule will effect your retirement investments. Also in the news: Why a better FICO score leads to a better retirement, how to avoid retirement rip-offs, and protecting your tax returns from criminals.

What the New Advisor Rule Means for You, Your Retirement Investments
Introducing the fiduciary rule.

How a Better FICO Score Leads to Better Retirement
What you save in interest could improve your retirement.

5 ways to avoid retirement rip-offs
Choose wisely.

How criminals could steal your tax return
Criminals are going tax phishing.

Tuesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: Capital One could be paying you a visit. Also in the news: Why your tax return could get audited, the pros and cons of self-insurance, and how to rent a home with bad credit.

Capital One Says It Can Show Up at Cardholders’ Homes, Workplaces
“What’s in your wallet? No, really. Show us what’s in your wallet.”

6 Reasons Your Tax Return Might Get Audited
Don’t panic.

Should You Self Insure Against Long-Term Care Risk Or Buy Insurance?
Hedging your bets.

5 Tips for Renting a Home With Bad Credit
Bad credit doesn’t have to leave you out in the cold.

Track How Happy You Are with Your Purchases in Your Ledger
Analyzing your purchase satisfaction can save you money.

Tuesday’s need-to-know money news

Today’s top story: Hiccups to avoid when applying for a VA loan. Also in the news: Keeping your home from turning into a money pit, learning the basics of the Affordable Care Act, and how to file your tax returns electronically.

5 Homebuying Hiccups for Veterans to Avoid
How to clear any potential hurdles on the way to a VA loan.

7 Homebuying Mistakes to Avoid
How not to turn your new home into a money pit.

5 things you need to know about the Affordable Care Act
Learning the basics.

Ways to Electronically File Your tax Return
Skip the long lines at the post office.

Medical Services Medicare Doesn’t Cover
If you need glasses or a hearing aid, you’re on your own.

Watch out for tax refund theft

Dear Liz: My cousin had his house broken into a little over a year ago. A lot of things were taken, but insurance replaced most of what he thought was missing. This year after he filed his return he was contacted by the IRS, which told him that a return using his information had already been filed and the refund check cashed. The IRS is investigating the situation now, but I really worry about what is going to happen to his Social Security in the future if someone else is using his numbers or those of his children. Do you have any information on what steps he should take?

Answer: Theft of tax refunds is a growing problem. In fact, tax identity theft is the No. 1 fraud on the IRS’ list of Dirty Dozen Tax Scams of 2012.

The fraud is often perpetrated by organized criminal gangs that con, steal or buy people’s personal information to create bogus returns. Some people fall right into the bad guys’ hands by responding to emails that purport to be from the IRS. (The IRS doesn’t email people to request personal or financial information.)

If the problem isn’t resolved within a few months, your cousin should contact the agency’s Identity Protection Specialized Unit at (800) 908-4490.

Since the criminals already have his Social Security number and other important financial information, he also should put security freezes on his credit reports at all three bureaus. Links to the bureaus and other information for identity theft victims can be found on the IRS’ site at http://www.irs.gov.