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Balance Transfer Cards Provide Only Temporary Relief

Balance transfer credit cards are potentially very useful financial tools and, if used correctly, can provide consumers with significant financial relief.  That’s the good news.  It’s important to remember, however, that if you’re not very careful, balance transfer cards can dig you a much deeper financial hole than you ever thought possible. Above all else,…

How to Protect Your Investing Portfolio During an Economic Slowdown

All over the news the entire summer were stories questioning whether or not the United States and world economies were slipping back into another recession. More and more months go by and job creation is still not being see in the US. There are more and more issues creeping up in Europe that are scaring…

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Could Mortgage Interest Deduction Really Be Taken Away?

Every year many Americans count on their homes mortgage to save them on their taxes. Mortgage tax deduction is one of the largest tax deductions we have and over the past two months Congress has started talking about whether or not it should be eliminated or reformed. Today this deduction allows Americans to deduct up…

Potential Pitfalls of Dividend Reinvestment Plans

Dividend reinvestment plans (also known as DRIPs) allow you to use your dividend earnings to purchase additional shares of stock. These plans can be great for investors who want to watch their portfolio grow without incurring high transactional costs from buying and selling. Many financial gurus suggest people use DRIPs to create explosive growth. While…