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Be Smart When it Comes to Home Projects

by the Better Business Bureau of Indianapolis

The wet spring has put many of our home improvement projects on hold for warmer, dryer weather. Now, as we begin to tackle these projects, what steps should we take to ensure the process moves as smoothly as possible?

Step 1: Find Trustworthy Contractors/Businesses - The BBB recommends using various avenues to find businesses that specialize in completing projects similar to yours. These avenues include using the Type of Business List at www.indybbb.org, running a Google search and reviewing direct mail advertisements, newspaper classifieds and referrals by friends and neighbors.

Step 2: Get and Compare Estimates - The BBB recommends receiving an estimate from at least three businesses or contractors. Remember, the lowest estimate is not always the best. Be sure to consider time, materials to be used and the scope of the project before making a final decision.

Step 3: Review Applicable Licensing - Different cities and counties may have licensing and permit requirements depending on the type of work being completed. In Marion County, for example, most all structural and roofing work requires a valid contractor’s license. Contact your local code enforcement center or city/county government for additional information.

Step 4: Review Bonding and Insurance - Be sure the company is properly bonded and insured. If an accident should happen and the business is not insured, you may be held responsible for damages sustained to your property and/or damages and injuries sustained by the business and business employees.

Step 5: Check Out the Business with the BBB - Visit www.bbb.org or call our office at 317-488-2222 to check out a business’s BBB Business Review.

Step 6: Review the Contract - Always insist on receiving a written contract to be signed by both parties. The contract should state the total price, payment schedule, completion date, all guarantees and warranty information and any other pertinent information. Never rely on verbal promises; get everything in writing.

Step 7: Sign the Contract and Authorize the Work - Always retain a copy for yourself.

Don't Sweat the Tax Stuff

If you're fretting about filing your 2011 taxes, you may well have a friend in the IRS! The Internal Revenue Service provides assistance to those with disabilities as well as some special deductions and options for taxpayers.

Special thanks to our friends at Easter Seals Crossroads who have compiled these great tips and information. Follow this link for a complete index of accessible IRS forms.

Meanwhile, here are a few things to keep in mind this year when you prepare your taxes...

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Planning Tool: On Track with Retirement Savings?

Retirement is a goal toRetirement Calculator be relished, not dreaded. Yet for many people, thinking about retirement can be overwhelming. Am I saving enough? When can I afford to stop working? How long will my money last?

Now, the answers are right at your fingertips. Use the AARP Retirement Calculator to plan your financial future so you can retire when — and how — you want. Discover your options.

Can You Afford to Play the Lottery?

Not if Powerball comes before your bills!
Playing the lottery can provide a thrill, though not necessarily a cheap one. You can pay a mighty steep price for a super-slim chance at striking it rich, especially for anyone preparing for retirement. Nearly one-half of boomers in the U.S. between the ages of 56 and 62 are at risk of not having enough income in retirement to pay for basic necessities and uninsured health costs, much less Powerball and Mega Millions tickets.

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