About Time to Consider Switching Your IRA to a Roth IRA

In 2010, a new opportunity arises as income limits on Roth IRA conversions are permanently repealed.  As an added bonus, the tax bill can be spread over two years for conversions that take place in 2010.  Read more>>

Cash for Clunkers Winding Down; Cash for Appliances Commences in Fall

After a successful run where more than 625,000 dealer transactions worth $2.6 billion in rebates took place, the Cash for Clunkers Program expired on Monday, August 24th.

Beginning in the fall, the government will be offering rebates on new energy-efficient home appliances.

Cash for Clunkers Car Buying Stimulus Program

Cash for Clunkers — now officially known as the Car Allowance Rebate System (CARS) — is a federal program signed into law by President Obama on June 24, 2009, which covers qualifying transactions that occur between July 1 and November 1, 2009. The Cash for Clunkers 2009 program is meant to encourage consumers to trade in older, less fuel-efficient vehicles for new vehicles that get better fuel economy by providing a credit of either $3,500 or $4,500. There are also credits available for some very large vans, SUVs and pickup trucks irrespective of their fuel economy.

If you have a used vehicle you want to trade in that is worth more than $4,500, the Cash for Clunkers program will most likely not make financial sense for you.  For more information and to see if your vehicle qualifies, visit www.cars.gov.