It looks like interest bearing checking accounts are en vogue for 2011. According to a Bankrate.com survey, on average, interest bearing checking accounts are earning 2.56% and some banks are offering over 4%. The Wall Street Journal compares the checking…
Month: June 2011
Family Finance in the Blogosphere – Ceiling fans versus central air
Don’t waste your time looking for interesting articles on family finance, let me do the work for you. Below are the articles worth reading for June 29, 2011. Ceiling fan 1 cent, central air 36 cents. I doubt it…
What closing costs are tax deductible?
Collections for escrow are not tax deductible until it is used to pay taxes. There are a number of costs that you will pay at closing that are tax deductible. Find out more at my most recent eHow Business and…
What are CDOs?
Collateralized Debt Obligations, CDOs, played a large role in the Great Recession. I discuss what CDOs are in my article at eHow Business and Personal Finance.
What are prorated taxes on the HUD settlement statement?
The HUD-1 is one of the documents you’ll sign at closing for your mortgage. It details all the money transfers between all parties related to the closing. One of the most confusing items on the the HUD is the section…
How to avoid taxes on Series E Bonds from a Descendant’s Income
Series E Bonds have stopped earning interest, but if you intend to transfer your savings bonds to your descendants, you should learn about tax implications. Please see my article at eHow Business & Personal Finance to learn more about how…
