Carnival of Financial Planning – #221

Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs

Carnival of Financial Planning – Edition #221 – January 27, 2012

Welcome to the January 27, 2012 Edition #221 of the Carnival of Financial Planning.

The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.

This edition is arranged by subject heading, so that you can browse efficiently.


The Skilled Investor, Editor

Enjoy the Incredible Selection of Great Personal Finance Articles! – Roger, the Amateur Financier, and your host for this carnival.

Budgeting and Economics

Bob presents How to Make A Budget: An exhaustive Guide posted at ChristianPF , saying, “I set out to create a guide that would help anyone create a budget – the disciplined who want a complex budget as well as the lazy folks out there. This guide should help each extreme and everyone in between.”

Jon the Saver presents How to Raise Kids to Be Wise with Money posted at Free Money Wisdom , saying, “Today’s children still need to be taught good financial habits so that they end up more like Millennials and less like Millennials’ Gen X parents and Boomer grandparents. That’s why I’m sharing a few things you can do to teach your kids about good personal finances:”

Pam Whitlock presents Teaching Your Kids about Money: January Edition posted at The MoneyTrail Blog , saying, “What sources of income are available for kids and teens? We kick off our Teach Your Kids about Money series by examining common resources for kids, from allowances to part time jobs.”

D.J. presents Tips for Feeding a Family on a Budget posted at The Family Wallet , saying, “We use a lot of different methods to keep the family fed without spending more than we have to spend. A few things that have worked for us are these.”

Janet Russell presents Personal Budgeting Spreadsheet posted at Best Financial Retirement Planner, saying, “If you do not understand how much you spend and how much you are saving and investing, you simply do not have a financial plan. This situation dramatically increases your family’s long-term financial risk.”

Ashley presents 5 Myths of Budgeting posted at Money Talks Coaching , saying, “Everyone can and should budget their money. The budget is the starting point of all things financial. You can’t make informed decisions about your money until you are know (and ideally are controlling) where you spend your money”

Sunil presents Negative People Will Impede Your Progress – Act and Respond Accordingly posted at The Extra Money Blog , saying, “The world is full of skeptics and negative people. Just the other day we met a couple at a friend’s house who was extraordinarily vocal about their negativity, so I thought I’d take a quick break from entrepreneurship, internet marketing, blogging and personal finance to discuss this topic, which can impede your progress toward achieving your goals and objectives in the endeavors you choose to embark on.”

Sustainable PF presents The Real Reason Nobody Is Buying Electric Cars posted at Sustainable Personal Finance , saying, “Thus far, the Volt electric car has been a giant flop. There are all sorts of reasons why, all of which are different symptoms of the same root problem. Let’s see if you can figure it out.”

Estate Planning

Don presents Live A Life of Wealth posted at MoneySmartGuides , saying, “If I were to ask you to describe what being wealthy means to you, how would you answer? A young me late teenager would have answered that question as follows: Wealthy to me is a huge house with an outdoor pool, but now I see wealth differently.”

MR presents Are Famous Personal Finance Authors Too Rich To Understand You? posted at Money Reasons , saying, “Do rich personal finance authors forget what it’s like to live in the middle? Do you think personal finance bloggers walk the walk and talk the talk better?”

Financial Planning

Teacher Man presents Pay Off Debt Fast or Build Assets? posted at My University Money , saying, “Yes, I would rather have all my currents debts paid off than be in my current financial position… because then I could turn around and put myself in much better debt all over again!”

Walter Binkle presents Fixed Income Bond Funds posted at Fixed Income Investing, saying, “The bond investment fund market is no place for an individual investor to try to beat the market and get higher returns through attempts at clever fixed income investing. Even professional bond market money managers do not beat the bond market.”

Jeffrey presents Money Lessons from Aesop’s Fables posted at Saving Advice , saying, “Many of Aesop’s Fables deal indirectly with financial topics. As an adult it’s fun to go back and re-read some of these tales. Knowing what I know now, I see how spot on many of the author’s observations were. If you ever want some snippets of inspiration or instruction about personal finance, go back and re-visit some of these tales:”

Larry Russell presents Personal ID theft protection posted at Personal Financial Planning, saying, “As a threat to your financial security, you should take the potential for identity theft very seriously. Identity theft sometimes entails a loss of your money, but whether or not you lose money, it can take a very large amount of your time to rectify. Taking these steps to prevent an occurrence is prudent.”

Miss T. presents What Buddhism Teaches Us about Personal Finance posted at Prairie Eco Thrifter , saying, “The Buddhist lifestyle is one of self discipline, self improvement, motivation, self empowerment and mindfulness. This is exactly how I want to live. All of these principles can also be applied to our own situations, even when it comes to managing our personal finances. Today I want to explore what Buddhism teaches us about personal finance.”

Frank Bertin presents Top Index Funds posted at Best Investment Strategies, saying, “Short-term mutual fund trading is a zero sum game played against other very well informed mutual fund traders and other securities market traders. On average, higher mutual fund turnover is far more likely to result in lower investment fund performance — instead of superior risk-adjusted performance.”

Aubrey presents Discovering Adulthood.: My Plan for the Next Five Years … posted at Discovering Adulthood, saying, “I know I SHOULD be saving, I SHOULD have some kind of a plan, but when you’re 19 its okay to make mistakes. I am, however, done with living like that. I am the kind of person who needs to know where I am going.”

Financing a Home

Madison presents Pay Off Your Mortgage with a Credit Card posted at My Dollar Plan , saying, “Paying off your mortgage with a credit card may sound risky but, if done correctly, it can save you a lot of money in interest paid!”

Kyle presents How People Buy Real Estate with “No Money Down” posted at The Penny Hoarder , saying, “Some of my favorite infomercials include the ridiculous No Money Down real estate videos. If you haven’t already wasted your $360, allow me to spill the beans.”

Matt presents Home Buyers: Do You Feel the Power? posted at Living in Financial Excellence , saying, “Although sellers stand to lose a healthy chunk of money when they move out of their home, they also stand to gain a lot on the other end when they buy a different home. Home prices are really low, which means there are a lot of bargains out there.”

KT presents How People Buy Real Estate with “No Money Down” posted at Personal Finance Journey , saying, “Some of my favorite infomercials include the ridiculous ‘No Money Down’ real estate videos. If you haven’t already wasted your $360, allow me to spill the beans.”

Evan presents Can You Eliminate PMI? posted at Smart Wealth , saying, “Until recently, I always thought that you had to get to 80% loan to value by either paying down your mortgage, or hoping that your home’s value rises and then refinance to eliminate PMI. ”

Lisa presents The Frugal Home Buyer’s Guide posted at Thriftability , saying, “Taking a look at your financial situation, you can save money to reach this goal of a new home. Here is some advice on how to shoot for this goal, as well as knowing if it is the right time.”

Cash Flow Mantra presents Eliminating Private Mortgage Insurance – An Update posted at Cash Flow Mantra , saying, “Since I earned over $1000 with blogging in December, I thought I would try to pay off some principal on a rental house and eliminate private mortgage insurance (PMI) since I had read that once you had paid off the loan to 78% of the purchase price, you could do so”

Financing Education

Forest Parks presents Hidden College Costs posted at Frugal Zeitgeist , saying, “Education is expensive enough as it is but on-top of all the obvious fees college tends to bring up a lot of extras. This article looks at some of the areas you should be aware of.”

Dr. Dean presents Educate Yourself: Free! posted at Dr. Dean’s Blog, saying, “The cost of a college education is outrageous. What about all those free courses offered by some of those same terrifically expensive institutions? That’s right. Free courses. Sometimes a free course or two or more might be just what the doctor ordered. Read all about it!”

N.W. Journey presents Teaching your Children about Money posted at Networth Journey, saying, “Tips for teaching children about money”

Financing Healthcare

Lisa Belkin presents The 10 Best Countries for Maternity Care posted at Medical Billing and Coding Certification, saying, “In a perfect world, maternity care would be at a similarly excellent level for all moms and babies around the world, but the fact is that some countries just seem to do better than others.”


PITR presents My Blog Owning Strategy posted at Passive Income To Retire , saying, “Find out my blog owning strategy that I am using to approach building up my multiple blogs.”

Suba presents Need a $100,000 a year Job? Be a Butler and Earn Big Bucks posted at Broke Professionals , saying, “The job market has been bad for a very long time, but there are high paying careers out there. Apparently being a butler is one of them! Free room and board plus up to a hundred thousand dollars a year ‘ why not consider being a butler? You don’t even need a college degree, and Need a $100,000 a year Job? Be a Butler and Earn Big Bucks!”

John presents What Is the Best Source of Passive Income? posted at Passive Family Income , saying, “One income stream that does not require a lot of my time are dividend paying stocks. In my opinion, these investments offer the best source of passive income possible”

Everything Finance presents Advance in the Career that You Enjoy posted at Everything Finance , saying, “While you may not be forced to do manual labor or work horrible hours, are there financial pressures at work that you give into because of the current state of the economy?”

Brad presents Upgrade Your Resume By Going Back To School – Just Remember To Bring Along Your Tablet posted at RESUME Mag , saying, “With the launch of the newest app for the iPad, iBooks 2, Apple has set out to reinvent the textbook. Here are five ways that this makes it easier to go back to school and upgrade your resume.”


JP presents Asset Allocation And The Benefits Of Rebalancing posted at Novel Investor , saying, “How your money is invested, its asset allocation and consistent rebalancing will be the most important decision you’ll make as an investor.”

Marissa presents The importance of investing in the new year posted at Thirty Six Months , saying, “Discusses why you should make investing a top priority this year.”

Mike @ Green Panda presents When You Should Not Get into Dividend Investing posted at Green Panda Treehouse, saying, “Dividends are not always a great investment.”

Intelligent Speculator presents How I Caculate Returns For Long And Short Tech Picks posted at Intelligent Speculator, saying, “How do you calculate returns?”

Craig Ford presents What Your Financial Advisor Won’t Tell You About How to Successfully Reduce Your Nest Egg posted at Money Help For Christians, saying, “What Your Financial Advisor Won’t Tell You About How to Successfully Reduce Your Nest Egg”

Dividends4Life presents 6 Industrial Strength Stocks With Growing Dividends posted at Dividend Growth Stocks, saying, “Companies in the Industrial Sector are often referred to as members of the “smokestack industry” and are classified as cyclical stocks. A cyclical stock is one that rises and falls in step with the economy. The Industrials Sector consists of companies that manufacture products or provide business services. The products are sometimes inputs into another manufacturing process.”

Janet Russell presents Investment fund manager performance posted at Personal Investment Management, saying, “The effort to find those few supposedly superior money managers willing to sell their services sufficiently cheaply is a costly, time consuming, and futile, “Where’s Waldo?,” searching exercise for the individual investor.”

Mich presents Hyperion Exploration Carries Strong Operational Momentum into 2012 posted at Beating The Index , saying, “Hyperion Exploration exited 2011 with a bang; the company was able to exceed its exit guidance by spending less capital than anticipated. I believe this strong operational momentum will carry into 2012 with the upcoming operational update and the 2012 capex program due at any day before the end of this month.”

Echo presents Using Tax Free Savings Accounts In Retirement posted at Boomer & Echo , saying, “While young Canadians are looking for ways to save inside their TFSA, older Canadians must consider strategies for using Tax Free Savings Accounts in retirement. Here are three approaches to consider:”

Finley Merriwether presents Index Bond Mutual Funds posted at Low Cost Bond Funds, saying, “Vanguard dominates this low cost United States bond mutual funds marketplace for direct purchase accounts with both low and high minimum deposits. Investment research overwhelmingly shows that lower cost fixed income funds tend to yield higher bond investing returns.”

Barbara Friedberg presents Biggest Money Story of 2011 or How to Get a Decent Return on Your Cash posted at Barbara Friedberg Personal Finance , saying, “MSN Money selected their Top Money Stories of 2011. Initially, I began to dissect their list and intended to write about them all. But, I got stuck on the low interest rates for savings. ”

Maxim Kazawy presents Companies Raising Dividends in January 2012 posted at Best Dividend Stocks, saying, “It has been a great start to the year 2012 with the S&P 500 up 4.6% year to date while the Dow Jones Industrial Average has racked up 4.12% in gains. The corporate business climate in America is improving with unemployment claims falling below 350,000 which is the lowest it has been since April 2008. In this bull market, I am searching for the best dividend paying stocks that are raising distributions. Let’s start off with companies operating in the energy distribution and storage businesses.”

Justin presents Investing to Beat Inflation posted at Money is the root…of all things GOOD!, saying, “I’ve noticed that many people are content to keep their money in savings accounts, checking accounts, or even under their mattresses. It amazes me how obsessed people become with clipping coupons to save pennies, but they allow inflation to eat away at their life savings without a flinch.”

Jack Ping presents Top Noload Mutual Funds posted at My Investment Funds, saying, “There are over 60,000 different mutual fund investment share classes sold worldwide. Some mutual funds and ETFs must be better than others, but which ones are they? How can you tell before the fact?”

Beating Broke presents Sharebuilder Returns Update posted at Beating Broke , saying, “Overall, there really isn’t much comparison of the returns between the Lending Club and Sharebuilder accounts. Taken on their face, Lending Club wins hands down.”

Managing Credit and Debt

Stephen Vanderpool presents The Easiest Way to Raise Your Credit Score posted at NerdWallet , saying, “Raising your credit score requires diligence, but we have a neat credit-building trick that requires little time and no upkeep. While it’s important to make punctual payments and stay below your limit, establishing credit doesn’t have to consume your life. Here’s a cost-free, time-efficient technique for increasing your FICO score.”

Shaun presents Get Your Family Out of Debt posted at Smart Family Finance , saying, “Being in debt can feel like you are being held captive by your finances. Many find that once they begin getting into debt, it begins to spiral out of control. There are ways to get out of debt if you put your mind to it, and focus on being debt free.”

Evan presents My American Express Spending: December to January posted at My Journey to Millions , saying, “Last month I almost had a panic attack when I ran these numbers and found out I spent over $5,400 on my American Express Card. (Probably closer to $4,400 after being paid back and rebates receives). This month’s $3,100 is still much too high for my tastes and it seems it comes from one main expenditure:”

Eddie presents 5 Rules to Teach Your Kids About Credit Cards posted at Finance Fox , saying, “Some parents think that credit cards are evil and that keeping kids on the other side is the only way to keep them safe. My parents just never had the time or true knowledge to share anything with me about credit cards.”

Erika presents Taking control of our finances posted at Newlyweds on a Budget , saying, “How one young couple hopes to take control of their finances, pay off debt and save money in 2012.”

Darwin presents Mortgage Activity Gone Wild Due Record Low Rates – Are You Taking Advantage? posted at Darwin’s Money , saying, “Last week, there was a 20”

Marie presents Best Ways to Pay Off Credit Card Debt posted at Money Spending Mommy , saying, “Here are the best ways to pay off credit card debt to get you on the road to financial freedom.”

Peter presents 10 Ways to Protect Your Financial and Personal Information When Shopping Online posted at Bible Money Matters , saying, “There are a variety of ways that you can protect yourself from hackers, criminals and identity thieves when shopping online.”

Liana presents Credit Card Delinquency posted at Card Hub , saying, “Be proactive, protect yourself by knowing how credit card delinquency works!”

Mike presents Scotia Rewards Program Review posted at Rewards Cards Canada , saying, “The Scotia Rewards program is a points-based system where members are awarded one Scotia Rewards point for every $1 in purchases charged to your ScotiaGold Passport Visa account or ScotiaGold Passport for business Visa account.”

Mike presents Create A Plan To Earn More Rewards Points posted at Rewards Cards USA , saying, “One of the biggest complaints that many people have regarding their credit card rewards is that it takes too long to earn the requisite number of points to redeem for anything worthwhile.”

The Financial Blogger presents January Net Worth + 14.62% It’s Payback Time! posted at The Financial Blogger, saying, “Time to pay off debt.”


Kevin presents My Budget Spreadsheet is Too Much Work posted at Thousandaire , saying, “My budget spreadsheet is too complicated. I’m making things easier on myself and switching to”

Corey presents Confessions of a Street Canvasser posted at 20s Finances , saying, “Have you ever been walking down the street in New York City, Boston, DC, Chicago, or San Francisco and been stopped by a young person carrying a clipboard and wearing a charity t-shirt? This strange phenomenon has a name ‘ street canvassing.”

101 Centavos presents Nickel-Plated Trailers: a Centavos Dividend Portfolio Update posted at 101 Centavos , saying, “With the last portfolio update back in November, we’re about due for another one. Some new additions to the lineup: United Mobile Homes UMH, read more to find out my lineup!”

Jester presents Efficiency for your Business posted at The Ultimate Juggle , saying, “If you are trying to be more efficient at work, you may be curious of ways to maximize your time and lower your costs. Jester and I certainly value the importance of multitasking, but sometimes this just isn’t an option.”

Joe Morgan presents Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! posted at Simple Debt-Free Finance, saying, “Many people focus on the details of financial planning and increasing their wealth, but often time forget this simple 1st rule..”

Jeri Ford presents Southwest Companion Pass: How to Get Two Years of Free Southwest Flights in 15 minutes posted at Help Me Travel Cheap, saying, “Southwest Companion Pass: How to Get Two Years of Free Southwest Flights in 15 minutes”

The Skilled Investor presents Investment Timing Strategies Do Not Work posted at Financial Management, saying, “You must have your money invested and at risk to get risk premium returns. Jumping out and in or “timing the markets” doesn’t work.”

Jeffrey presents Making Space For Roommates: Are the Savings Worth the Hassles? posted at Money Spruce , saying, “Sharing an apartment with roommates can save money, but it often means making other sacrifices too. I weigh the pros and cons of roommates for my next move. ”

Aloysa presents Stop Being Cheap and Invest In Yourself posted at My Broken Coin , saying, “I am a spender. But even big spenders like me have their limits.”

Hank presents How I Recently Invested In A Rock Band posted at Money Q&A , saying, “There are tons of other great projects on Kickstarter that you can invest in like the new Crowfield album. Kickstarter is a great way to invest in a rock band and other awesome projects.”

YFS presents Can I Survive At the Poverty Line? posted at Your Finances Simplified , saying, “I completed my interview with 107 WINA on Sunday December 18th concerning my article on ‘Can you survive the poverty line’. I would like to thank Wendy Edwards for reaching out to me and giving me the opportunity to conduct the interview.”

Brockton Eaton presents IRA Retirement Calculators posted at IRA Account Investing, saying, “Whether or not to make investments into “traditional” tax-advantaged employer accounts and IRAs versus investing in “Roth” tax-advantaged employer accounts and personal IRAs is never a straightforward nor simple financial planning decision.”

A Blinkin presents Are You A Mental Accountant? posted at Funancials , saying, “I hope most of you have had a chance to read my previous article about The Legend of the Man in the Green Bathrobe. If you haven’t, go back and read it. It’s a prerequisite for continuing this post. I anticipated what the responses would be in the comments before they came rolling in.”

FG presents Immigrant Workers Are Coming to a Shore Near You to Steal Your Jobs! posted at Financial God , saying, “Silicon Valley has been put on notice: A new startup, Blueseed, plans to set up ship just 12 miles off the coast. These ships will hold hundreds of bold and creative entrepreneurs from countries such as India and China. They will circumvent immigration laws and restrictions by placing their ships just outside of the territorial!”

Jen presents Everybody Can Have an Emergency Fund! posted at Master the Art of Saving , saying, “If you don’t have an emergency fund at all, then why not start with a goal of $100? Sure it’s not going to be too helpful should a big financial emergency.”

Amanda L Grossman presents How to Save Money on Dieting posted at Frugal Confessions , saying, “Comparing diet program costs is one way to maximize the amount of money you have to spend on dieting or to make you run the other way with your hard earned money, see how they stack up against one another!”

Wayne presents Cheap Movie Alternatives posted at Young Family Finance , saying, “It isnt uncommon for young families to be strapped for cash. When you are looking for creative ways to save money without making a huge sacrifice, it is time to get creative. With the popularity of motion picture, it is hard to give up movies. Yet, going to the movies is not getting cheaper.”

Retirement Planning

Philip Taylor presents 2012 Traditional and Roth IRA Contribution Limits posted at PT Money Personal Finance , saying, “A list of the 2012 IRA contribution limits to help readers plan their retirement savings this year.”

Frank Knight presents Low Cost S&P 500 Mutual Funds posted at Best Mutual Funds, saying, “The no load index fund strategy of the Schwab S & P 500 Index Fund tracks the S and P 500 stock index. This no load index fund was listed as one of the top 25 lowest cost index mutual funds in a research study.”

Andy presents How Much Should You be Saving? posted at My Retirement Blog , saying, “When you are young, retirement seems to be a lifetime away. Being told that you should save for that day is difficult to comprehend. But the fact of the matter is that even if we are young and healthy and fit, we have parents and grandparents who are older. So the question is how much should you be saving?”

Carlos Sera presents An AARP Tale | Financial Tales posted at Financial Tales, saying, “For all those who may be interested in purchasing an immediate annuity from AARP and New York Life, please read this tale. I apologize to my younger audience but remember one day, this may apply to you and you must know the difference between the payout rate and the rate of return.”

Roger White presents Making 401k Withdrawals posted at 401k Calculator, saying, “If you are thinking about making a 401k withdrawal, you should consider the choice very carefully. This blog post highlights some of the risks of making a withdrawal.”

Whitney Broad presents Retirement Savings Calculator Worksheets posted at Retirement Savings, saying, “By looking at wealth as a lifetime pattern of sustainable expenditures within one’s budget, then people who are indeed wealthy cannot be identified solely by their current assets or income. While personal wealth should measure current financial investments and other salable assets, it should also measure your ability to sustain your household budget, build up your investment portfolio, and weather potential financial risk and misfortune across your lifetime.”

FIRE Finance presents Three Good Habits of Successful Retirees posted at FIRE Finance , saying, “Vanguard’s chairman and CEO Jack Brennan has nearly three decades of valuable experience in investing at this great firm. He has observed that successful long term investors share some common traits. Here is our spin to his observations.”

Risk Management and Insurance

krantcents presents Term Life Insurance Is My Choice! posted at KrantCents , saying, “Term life insurance is my choice, should it be yours? We all know that life insurance is important, so it is a matter of choice which one is right for you. If you are young, healthy and expect to stay that way, term life insurance should be your choice.”

Lisa presents Saving Money on Insurance: Simplify by Bundling | posted at Thriftability, saying, “As the quest continues to save money on insurance premiums, individuals and families may be overlooking a common method to doing so. Going with one company could just be the ticket, not only for the health of your bank account, but also to make things just a bit simpler.”

Rachel C. presents Insuring a Teenage Driver: Mitigating the Cost posted at Auto Insurance Quotes, saying, “Insuring a teen driver is extremely expensive. Depending on the age of the driver, the type of vehicle driven and applicable state restrictions, adding a teen driver can increase insurance rates as much as 100 percent or more. With the cost of insuring young drivers so high, it’s surprising that parents are even willing to license their teens.”


Jason presents Overbanked posted at Live Real, Now , saying, “I find it’s simpler to keep track of my savings goals by moving the money to separate accounts than to track everything in a spreadsheet.”

John presents Money Market Funds vs. Money Market Accounts posted at Wallet Blog , saying, “What’s the difference between Money Market Funds and Money Market Accounts? Determine which may be best for your individual financial needs.”

Andrew Boyd presents The 7 Best Money Saving Extensions for Chrome posted at Edugree, saying, “If you use Google Chrome to browse the web, then take a moment to browse these money saving extensions (all available for free).”

Joe Plemon presents 7 Weird Ways to Save in 2012 posted at Personal Finance By The Book, saying, “There are undoubtedly several ways to save that you haven’t considered. You might find some in this post.”

Paul Vachon presents How Frugal Living Can Build Wealth for the New Year and Beyond posted at The Frugal Toad , saying, “Frugal living does not mean shopping in thrift stores and having soup every night for dinner. Being frugal simply means being deliberate in how you spend money, not impulsive. There are many ways to be frugal but the key to making frugal lifestyle changes permanent is to find ways to save money that will work for you.”

LaTisha presents Some Unusual Savings Tips posted at Financial Success for Young Adults , saying, “If you find yourself short of cash when it comes time to add to your ISA, it may be time to consider a few money saving tips for individual savings accounts.”


Everything Finance presents How to Claim the Adoption Tax Credit posted at Everything Finance , saying, “Did you adopt a child in 2011? If so, you know how expensive and time consuming the entire adoption process can be. However, to offset some of the costs, you are eligible for the adoption tax credit, which was to be phased out in 2010 but has now been expanded and extended thanks to the Affordable Care Act.”

SB presents all you need to know about 2012 taxes posted at One Cent at a Time , saying, “All you need to know for filing income tax for the year 2011, which is needed to be filed on or before April 17, 2012. Contains links to relevant IRS notices and web pages for you quick reference.”

Mr. Money presents Should You Itemize Your Tax Deductions? posted at Smart on Money , saying, “If it looks like you will have a larger number than the standard, it’s a good idea to itemize in order to increase your tax efficiency.”

Paul Tabbet presents Retirement Planning Software posted at Retirement Worksheets, saying, “Retirement planning software should automate the development of lifetime projections that incorporate tax laws and rules associated with tax-advantaged retirement investment incentive programs such as traditional IRA, Roth, 401k, 403b, SEP, Keogh, and other retirement plans. Retirement calculators hides the complexity of the tax laws that are associated with these various personal retirement plans and employer-sponsored retirement plans.”

Glen Craig presents 10 Common Overlooked Tax Deductions posted at Free From Broke , saying, “Don’t pay more taxes than you have to. Take a look at these ten common overlooked tax deductions and see how you can save on your taxes.”

Daniel presents Should Tax Evaders Be Given A Safe Haven? posted at Sweating the Big Stuff , saying, “The IRS has given tax evaders who have hidden money in offshore accounts a chance to avoid jail time, netting the IRS at least $4.4 billion.”

Sandy presents Applying All the Right Deductions to Increase That Return posted at Yes, I Am Cheap , saying, “Many people rely on their tax return to once again give them a savings account or an emergency fund for the New Year. To help you get the most out of your tax return, make sure to not miss out on these useful deductions.”

Steve presents What are Our Income Taxes Used For? – 2008 Taxes – Free Tax Filing Options posted at 2008 Taxes, saying, “No one likes to pay taxes. In fact, you may even wonder where your hard earned money goes”

Steve presents Essential Tax Tips for Freelance Writers – 2009 Taxes – Free Tax Filing Options posted at 2009 Taxes, saying, “The career of a freelance writer can be very rewarding. However, the career can quickly lose its appeal when tax time arrives and you owe several thousand dollars”

Robert Moore presents Romney Has Investments Funds In Cayman Islands posted at 2011 Tax, saying, “It might not be immediately obvious, but Mitt Romney has millions of his fortune in investments funds in the Cayman islands, an infamous tax refuge.”

Robert Moore presents The Brownback Plan For 2012 Taxes Is Not Well Thought Out – 2011 Taxes – Free Tax Filing Options posted at 2011 Taxes, saying, “The Brownback plan for 2012 taxes has not been thought out very well by the Kansas Governor.”

Mark Roberts presents How To Choose The Right Filing Status posted at Tax Brackets, saying, “This blog post looks at how to choose the correct filing status for your situation.”

Jessica Bird presents Taxing Your Car posted at, saying, “If you need to pay tax on your car, this blog post will outline three important documents that you will need.”

Jackson presents There?s an App for That: Taxes from Your Phone posted at 2009 Tax, saying, “We do pretty much everything from our phones these days, turns out, taxes are no different.”

Al Peters presents Self Assessment Tax Return 2011 Deadline Approaching posted at TaxFix Feed Update, saying, “The tax return deadline is fast approaching. If you have earned income or had taxable gains in the UK then don’t forget this important deadline.”

That concludes this edition. Submit your blog article to the next edition of Carnival of Financial Planning using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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