Topic “Money Minute”

Guess who said, “The hardest thing in the world to understand is the income tax”? That would be Albert Einstein. Yep, Mr. Theory of Relativity himself. It has to make you wonder how the rest of us are supposed to manage. And the tax code has only gotten more complex in the years since Professor Einstein died.

The Headlines read “Unclaimed Aid in Ohio: $1.5 Billion A Year.”  In a recent addition of The Columbus Dispatch, went on to say, “Low and moderate income families missing out on $1.5 billion a year in government benefits each year turned off by exhaustive paperwork, confusing terminology or ling lines.”  The Benefit Bank is a free web-based program that helps people apply for refunds, child care subsidies, rent rebates, medical aid, food stamps and home energy assistance.  It also helps people file returns, register to vote and gain acces

When you take out a loan to purchase a car, you are often “strongly encouraged” to buy credit life and/or disability insurance connected to the loan.  My advice on both of these options is to say, “No thanks!”  Credit life is a very expensive form of life insurance that is paid up-font for the life of the loan.  It will pay off the loan if something happens to you.  However, the price is usually very high because there is no underwriting associated with it – which means that there is no medical check-up required to qualify for