SubscribeAll Posts Tagged With: "retirement"
The Global Economy: How The Credit-Crippled Europeans Could Sink Your 401k
If the global economy were a hospital patient, you’d definitely find it in the Intensive Care Unit.
It’s not on life support just yet, but it certainly finds itself in an increasingly precarious position, due to the numerous negative factors swirling around the financial world.
One of these factors is something you might not be aware of, given the furor here in the U.S. It’s happening half a world away over in Eastern Europe and is just beginning to get some attention now.
So pack your bags and I’ll fill you in…
Pain In Prague And Poland
In Eastern Europe, the economic problems are two-fold…
1.…
23Feb2009 | Smart Profits Report | 0 comments | ContinuedCredit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak
When federal banking regulators last week seized the Houston-based Franklin Bank SSB (FBTX), it became the 18th bank failure this year amid the ongoing credit crisis. With total assets of $5.1 billion and total deposits of $3.7 billion, Franklin wasn’t the largest bank failure this year – that honor belongs to IndyMac Bancorp Inc. (OTC: IDMCQ), which had more than $30 billion in estimated assets when it was seized by U.S. banking regulators in July. At the time, IndyMac was also the third-largest bank failure in U.S. history, reaching all the way back to 1934, U.S. News & World Report said…
14Nov2008 | Money Morning | Comments Off | ContinuedFour Ways to Protect Your Retirement From the Ongoing Financial Crisis
In the depths of a bear market that has carved between $500 billion and $2 trillion from U.S. retirement accounts so far this year, as many as two-thirds of all Americans have stopped contributing to their retirement plans, a new study shows.
And that’s precisely the wrong decision to make at the wrong time. No matter how poorly the financial markets are performing, saving for retirement has to remain a top priority.
“It’s not a time for people to stop contributing,” Diane Young, director of retirement and goal planning at TD Ameritrade Holding Corp. (AMTD), the Omaha, Neb.-based brokerage firm that conducted…
29Oct2008 | Money Morning | 1 comment | ContinuedReverse Mortgages: The Hottest Product in the Market Right Now
Every other week, I make the trip down from Pennsylvania to Investment U’s headquarters in Baltimore. While I’m in the area, one of my favorite places to enjoy an evening meal is P.F. Chang’s China Bistro (Nasdaq: PFCB) – an outstanding high-end Chinese restaurant.
The only downside is that the wait for a table is typically an hour or more. The reason? The food is excellent, and the service is superb. However, for those of us dining alone, there are plenty of seats at the bar. And these days, there’s also plenty to talk about with your "neighbors."
I struck up a conversation…
23Oct2008 | Investment U | Comments Off | ContinuedA BETTER USE FOR YOUR 401(K)
John F. Wasik, a Bloomberg News columnist, brings us news that although nobody has any income to support more spending, nobody has any savings to support more spending, and nobody has anything of value (like home equity) to pawn to support more spending, all is not lost!
There is still one, last, pitiful source of money that could be used to support more spending. He writes, “Among the most awful pitches is something that’s being touted as an employee benefit: the 401(k) debit card. This allows you to treat your retirement fund as a cash account to withdraw money.”
If you are…
15Jul2008 | Daily Reckoning | Comments Off | Continued
Loading ...
