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The ins and outs of life settlements
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Untitled Document
The market for life settlements -- the sale of your life insurance policy to a third party -- is expanding rapidly, as many senior citizens find themselves with policies they either don't need or can't afford. Consequently, this segment of the population is targeted heavily by salespeople marketing life settlements, and consumers will want to shop carefully to avoid potential drawbacks that include high prices and the inability to obtain a new life insurance policy.
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FSA benefits for working parents
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Dear Tax Talk,
I have recently become a federal employee and have an opportunity to start a flexible spending account. We currently spend approximately $12,000 per year in child care expenses for our two children, and our flexible spending account limits each of us to $5,000 in dependent care contributions (my spouse is also a federal employee). I understand about the use-it-or-lose-it risk, but are there any other drawbacks to using this program, e.g., reductions in any other tax credits or allowable deductions? This seems to be a too-good-to-be-true offer.
-- JT
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Strong Push for an RTC-Type Solution to the Crisis
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As Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke met on the evening of Sept. 18 with congressional leaders, momentum was building for a new Resolution Trust Corp.-style entity. The vehicle would be set up to stem the slide in the markets and halt the erosion of the financial sector.
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The Full Text...
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