Personal Finance Daily: How to profit at the edge of the fiscal cliff

	Personal Finance Daily JUNE 28, 2012 Thursday's Personal Finance Stories By MarketWatch Don't miss these top stories: 4 ways to profit at the edge of the fiscal cliff What the Supreme Court's health-care ruling means for you IRS offshore-tax programs pull in $5 billion This correction is a buying opportunity We're getting closer to the so-called "fiscal cliff" — the point at the end of this year when, unless lawmakers intervene, some automatic spending cuts will go into effect, the Bush-era tax cuts will expire and basic income-tax rates will rise, along with taxes on long-term capital gains and stock dividends. There's no way to know what legislators might do, so investors had better have a plan or two in place to protect their portfolio, Robert Powell writes. He talks to financial advisers and strategists who say you can profit from this fiscal cliff: Consider harvesting gains, buying gold and buying or selling dividend payers. Andrea Coombes writes in our TaxWatch column about the IRS decision to ease the rules slightly on its offshore-disclosure programs, aimed at getting taxpayers to report their money stashed overseas, and that those programs have captured more than $5 billion in back taxes, interest and penalties. Finally, check out our extensive coverage of the Supreme Court's ruling on the Health-Care Reform Act, including market reaction and consumer impact. — Anne Stanley , managing editor, Personal Finance 4 ways to profit at the edge of the fiscal cliff It's impossible to say what, if anything, lawmakers will do as the U.S. economy approaches the so-called "fiscal cliff" at the end of this year. But investors need to have a plan, maybe two or three plans, to protect themselves. Read more: 4 ways to profit at the edge of the fiscal cliff. What the Supreme Court's health-care ruling means for you The Supreme Court's ruling Thursday to uphold the bulk of the health-care law — the biggest overhaul of the health-care system since Medicare was created in 1965 — means that some popular provisions, such as requiring insurers to accept people regardless of pre-existing conditions and to accept children up to age 26 on parents' plans remain intact. Read more: What the Supreme Court's health-care ruling means for you. IRS offshore-tax programs pull in $5 billion The Internal Revenue Service says this week that it's easing the rules slightly on its offshore-disclosure programs, aimed at getting taxpayers to report their money stashed overseas, and that those programs have captured more than $5 billion in back taxes, interest and penalties. Read more: IRS offshore tax programs pull in $5 billion. ECONOMY AND POLITICS Supreme Court upholds health-care overhaul The nation's highest court rules in favor of upholding the health-care overhaul bill. Read more: Supreme Court upholds health-care overhaul. U.S. first-quarter GDP growth stays at 1.9% No change in the government's latest estimate of growth in the U.S. economy: 1.9% for the first quarter. But revised data show corporate profits fell for the first time in four years, while export expansion was much slower than originally estimated. Read more: U.S. first-quarter GDP growth stays at 1.9%. U.S. jobless claims remain near 2012 high The number of applicants for jobless benefits eases, down 6,000 last week for first-time filings, but claims remain stubbornly near the highest level of the year, data show. Read more: U.S. jobless claims remain near 2012 high INVESTING Health-care stocks react to Supreme Court ruling Shares of hospitals and Medicaid-focused insurers rallied after the U.S. Supreme Court upheld the constitutionality of President Obama's signature health-care law, including the requirement that all Americans buy health insurance. Read more: Health-care stocks react to Supreme Court ruling. Navigating the euro crisis from Monaco Top asset managers from around the world gathered in Monte Carlo for Fund Forum International 2012 this week to discuss how to manage their businesses amid a sovereign-debt crisis they expect to last for several years. Read more: Navigating the euro crisis from Monaco. This correction is a buying opportunity A letter that called the post-2009 rally also called this year's summer sag — but now wants to emphasize it's just a correction. Read more: This correction is a buying opportunity. Tech IPOs look to break Facebook curse This week marks the return of initial public offerings in the wake of the Facebook Inc. (FB) flop, while investors still debate whether the IPO process has been helped or hindered by the fallout. Read more: Tech IPOs look to break Facebook curse. The skies of Latin America are full of planes Rapid growth in the middle class, expectations for increased tourism and projected economic expansion are boosting prospects for Latin American airlines. Read more: The skies of Latin America are full of planes. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. 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