Money Matters
ALERT - Breaking news |

ALERT - Breaking news

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Money Matters:  A single homeowner may exclude up to $250,000 of gain, and a married couple may exclude up to $500,000 of gain realized on the sale of a primary residence. To qualify for the maximum exclusion amounts there are ownership, use and frequency tests that must be met.

Modified: 09/22/12 02:26:27 PM

Money Matters:  Taking a large lump sum from your IRA to pay off your mortgage or for any other reason can be costly. You will owe federal taxes on any amount withdrawn as well as state taxes if your state has an income tax.

Modified: 09/15/12 04:30:34 PM

Money Matters:  When evaluating potential investment opportunities, it's important to perform due diligence. And remember: the old adage "if it sounds too go to be true, it probably is" works every time.

Modified: 09/08/12 08:02:31 PM

Money Matters:  The process requires a lot more paperwork than in the past, but with the low interest rates this is a great time to refinance.

Modified: 09/01/12 06:27:57 PM

Money Matters:  When you are receiving Social Security disability benefits and reach full retirement age, nothing will change except your benefits will be called retirement benefits rather than disability benefits.

Modified: 08/26/12 09:11:54 AM

Money Matters:  Before you decide in what form to take your retirement benefits you need to look at all your obligations and your life expectancy.

Modified: 08/18/12 05:09:26 PM

Contact N&O business staff

Mary Cornatzer, business/Capitol editor
(919) 829-4755

David Bracken, assistant business/Capitol editor
(919) 829-4548

Newsroom main number: (919) 829-4520

All newsroom contacts

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