Date : March 3rd, 2010Category : UncategorizedAuthor : Editor1 Comment
Have to do a 100 economic problems!Need help with some please!As much info as possible is really appreciated!?
(Find all dollar amounts correct to the nearest cent. When an interest rate is requested as an answer, express the rate as a percentage, correct to two decimals)
1. If you borrow $3,000 at 14% simple interest for 10months, how much will you owe in 10months? How much interest will you pay?
2. Grandparents deposited $6,000 into a grandchild’s account toward a college education. How much money (to the nearest dollar) will be in the account 17years from now if the account earns 7% compounded monthly?
3. A $10,000 retirement account is left to earn interest at 7% compunded daily How much money will be in the account 40years from now when the owner reaches 65? (use a 365 day year and round answer to thenearest dollar.)
4. What is the value of an ordinary annuity at the end of 8years if $400 per month is deposited into an account earning 7.2% compounded monthly? How much of this value is interest?
5. A loan of $2,500 was repaid at the end of 10months with a check for $2,812.50. What annual rate of interest was charged?
6. You have $2,500 toward the purchase of a boat that will cost $3,000. How long will it take the $2,500 to grow into $3,000 if it is invested at 9% compounded quarterly? (round up to the next higher quarter if not exact.)
7. If you borrow $4,000 from an online lending firm for the purchase of a computer and agree to repay it in 48 equal installments at 0.9% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid?
8. A company decides to establish a sinking fund to replace a piece of equipment in 6yrs at an estimated cost of $50,000. To accomplish this, they decide to make fixed monthly payments into an account that pays 6.12%compounded monthly. How much should each payment be?
9. A business borrows $80,000 at 9.42% interest compounded monthly for 8years.
(A) What is the monthly payment?
(B) What is the unpaid balance at the end of the first year?
(C) How much interest was paid during the first year?
Date : February 23rd, 2010Category : UncategorizedAuthor : Editor2 Comments
What’s Dead (Short Answer: All Of It)
Just so you have a short list of what’s at stake if Washington DC doesn’t change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can’t believe, and they’re showing it as an imminent event – like perhaps today imminent.)
* All pension funds, private and public, are done. If you are receiving one, you won’t be. If you think you will in the future, you won’t be. PBGC will fail as well. Pension funds will be forced to start eating their “seed corn” within the next 12 months and once that begins there is no way to recover.
* All annuities will be defaulted to the state insurance protection (if any) on them. The state insurance funds will be bankrupted and unable to be replenished. Essentially, all annuities are toast. Expect zero, be ecstatic if you do better. All insurance companies with material exposure to these obligations will go bankrupt, without exception. Some of these firms are dangerously close to this happening right here and now; the rest will die within the next 6-12 months. If you have other insured interests with these firms, be prepared to pay a LOT more with a new company that can’t earn anything off investments, and if you have a claim in process at the time it happens, it won’t get paid. The probability of you getting “boned” on any transaction with an insurance company is extremely high – I rate this risk in excess of 90%.
* The FDIC will be unable to cover bank failure obligations. They will attempt to do more of what they’re doing now (raising insurance rates and doing special assessments) but will fail; the current path has no chance of success. Congress will backstop them (because they must lest shotguns come out) with disastrous results. In short, FDIC backstops will take precedence even over Social Security and Medicare.
* Government debt costs will ramp. This warning has already been issued and is being ignored by President Obama. When (not if) it happens debt-based Federal Funding will disappear. This leads to….
* Tax receipts are cratering and will continue to. I expect total tax receipts to fall to under $1 trillion within the next 12 months. Combined with the impossibility of continued debt issue (rollover will only remain possible at the short duration Treasury has committed to over the last ten years if they cease new issue) a 66% cut in the Federal Budget will become necessary. This will require a complete repudiation of Social Security, Medicare and Medicaid, a 50% cut in the military budget and a 50% across-the-board cut in all other federal programs. That will likely get close.
* Tax-deferred accounts will be seized to fund rollovers of Treasury debt at essentially zero coupon (interest). If you have a 401k, or what’s left of it, or an IRA, consider it locked up in Treasuries; it’s not yours any more. Count on this happening – it is essentially a certainty.
* Any firm with debt outstanding is currently presumed dead as the street presumption is that they have lied in some way. Expect at least 20% of the S&P 500 to fail within 12 months as a consequence of the complete and total lockup of all credit markets which The Fed will be unable to unlock or backstop. This will in turn lead to….
* The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Collateral damage (suppliers, customers, etc) will add at least another 5-10 million workers to that, perhaps double that many. U-3 (official unemployment rate) will go beyond 15%, U-6 (broad form) will reach 30%.
* Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won’t be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go “feral”; witness New Orleans after Katrina for how fast, and how bad, it can get.
The good news is that this process will clear The Bezzle out of the system.
The bad news is that you won’t have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life.
It really is that bleak folks, and it all goes back to Washington DC being unwilling to lock up the crooks, putting the market in the role it has always played – that of truth-finder, no matter how destructive that process is.
Only immediate action from Washington DC, taking the market’s place, can stop this, and as I get ready to hit “send” I see the market rolling over again, now down more than 3% and flashing “crash imminent” warnings. You may be reading this too late for it to matter.
Date : February 22nd, 2010Category : UncategorizedAuthor : Editor4 Comments
Are people more afraid and purchase more insurance or less? Does it make them delay purchasing insurance? Life and Health insurance specifically. More specifically senior medical supplement policies, advantage plans, life insurance, long term care insurance, and annuities. I’m asking for myself. Is it a good time economically in the U.S. today to sell these products? General or specific information will be helpful. Thank you for your experience and thoughts.
The current economic crisis is making everyone think about how to protect their money and the financial security of their family. Here are 45 tips to protect your money during and after an economic crisis. These tips have been taken from Surviving the Debt Crisis.
If you wish to achieve real wealth, focus on acquiring assets that are valued by other people. Concentrate on allocating you money across different types of assets, including some whose value might rise where others that you have face a fall in their value.
Decide whether you might be better off making extra mortgage payments or putting that money into investments.
Be careful with investments; do not fall for flattery or let yourself be convinced by claims that their past performance is necessarily a true indicator of future prospects.
If you get plenty of money, it is advisable that you invest the entire amount at once and not with intervals between. Diversify your investments as suggested in Point 1.
Making big investments just to avoid taxes is a decision that requires careful consideration and access to premium, probably high-cost professional advice.
If you plan to studying in college, compare the college saving plans to find those which give you the best options.
Coins are “little savings”, so do not spend them. Try saving coins and use the paper currency; you will see that you have effortlessly saved more by the end of the month.
Buy a house only when you are willing to move into it immediately and live for at least a minimum of five years.
Instead of hiring young members of your own family or giving them a portion of your money when they are young, place your inheritance into a trust until your minors are sensible enough to handle the money.
Supermarket coupons can be a great help, provided you know the right way of using them.
Do not run after high returns without considering that ‘A great reward may have a greater risk’.
Have you noticed people who buy lottery tickets each day? Buying more tickets does not significantly increase your chance of a major prize but inflates your risky investment significantly.
Both parents working may seem to be necessary at the moment, but you may not think so if you calculate the extra expenses involved such as lunch, commuting, wardrobe, childcare, etc.
Be careful which pension plan you opt for. Check that the agent is not selling you insurance instead of a pension.
Check out your life insurance policy and whether it is a good investment. Remember, an insurance policy is to protect you and not just for the company and their agent to profit from you.
Maintaining your investments through all cycles is the key to being invested in the right time. This may make your success rate higher rather than investing and then withdrawing from time to time because of the fees and other costs at each change.
Avoid using a credit card as much as possible, because you end up spending extra with it. Instead, you can go for a charge card, which makes you pay what you spend each month.
When you plan to buy a home, go for a buyer-broker. Realtors are the ones who represent the seller, unless you are hiring a buyer-broker who is the one who represents you.
Investing the same amount regularly is said to be the best way of using dollar cost averaging.
Instead of a fifteen-year mortgage plan, go for a thirty-year mortgage if the longer mortgage means lower monthly payments and a higher tax deduction.
Consider applying for a systematic withdrawal plan rather than applying for bonds if this will provide a steady flow of income even after your retirement.
Check that your bank accounts are insured federally. The FDIC, or the Federal Deposit Insurance Corporation protects deposits up to around two hundred fifty thousand dollars per person. If you have, more than the secured amount, you may spread it through various banks.
If you want annuities, consider sticking to the variable and not the fixed type. A fixed annuity has a fixed return but a variable annuity gives you a chance to earn the full return.
Grandparents often plan college funds for their grandchildren but, I believe that this requires very careful thought beforehand.
Do not purchase a mutual fund just because it is highly rated. Different funds, even a mutual fund that has just a single star may do exceptionally well in certain periods.
The money that you may need in the next two years must be cash or fairly easy to convert to cash. The stock market is not a place to store the money that you might need immediately.
You can invest globally, not just in the U.S.A. exchanges.
Keep a careful eye on your family budget; try to reduce your expenses, curtail your restaurant meals and other un-necessary expenses that may cause a future burden.
When you want financial advice, only accept it from a registered investment advisor. A stockbroker is not the right person to advise you on your general finances.
Write a check for yourself and save it first. This is an efficient, almost painless, way of saving.
Do not include your child’s name is investments or bank accounts; this may mean that your other children might be disinherited and might cause tax problems.
When you sell a home, go to a qualified realtor and get referrals from people you trust.
Do not buy real estate investments with borrowed funds.
Stopping your PMI when you have around 20% of the equity on your home left might save many hundreds of dollars.
Buying mortgage life insurance should be considered carefully. Separate insurance might be a better option.
If you contribute to a nondeductible IRA account is not a great idea, maintain a proper record or you may suffer serious losses.
If you are 62 years of age now, you may be able to take a social security instead of waiting until you are 65.
Money handling processes have changed, so do not stick to how your parents handled their money.
While getting a pension, consider choosing a lump sum option where you can take control of your money and your future.
While leasing the car, consider not paying for the cap cost reduction and perhaps get gap insurance instead.
Saving money in your child’s name may not be a good idea. You will have to part with the money once your child turns 18 or 21.
Instead of saving for your children’s college costs, consider starting to save for your own retirement first.
Investing in a QTIP trust might be a good way of protecting your kids and spouse.
Consider taking a policy that provides five or six years benefits instead of investing in long-term care insurance.
Do not panic or worry; this will take you nowhere. It is not necessary that you take in all the gloom that the media throw at you.
Learn how to better protect you and your family in the current crisis, with this informative and easy to understand e-guide to Surviving the Debt Crisis.
The current economic crisis is making everyone think about how to protect their money and the financial security of their family. Here are 45 tips to protect your money during and after an economic crisis. These tips have been taken from Surviving the Debt Crisis.
If you wish to achieve real wealth, focus on acquiring assets that are valued by other people. Concentrate on allocating you money across different types of assets, including some whose value might rise where others that you have face a fall in their value.
Decide whether you might be better off making extra mortgage payments or putting that money into investments.
Be careful with investments; do not fall for flattery or let yourself be convinced by claims that their past performance is necessarily a true indicator of future prospects.
If you get plenty of money, it is advisable that you invest the entire amount at once and not with intervals between. Diversify your investments as suggested in Point 1.
Making big investments just to avoid taxes is a decision that requires careful consideration and access to premium, probably high-cost professional advice.
If you plan to studying in college, compare the college saving plans to find those which give you the best options.
Coins are “little savings”, so do not spend them. Try saving coins and use the paper currency; you will see that you have effortlessly saved more by the end of the month.
Buy a house only when you are willing to move into it immediately and live for at least a minimum of five years.
Instead of hiring young members of your own family or giving them a portion of your money when they are young, place your inheritance into a trust until your minors are sensible enough to handle the money.
Supermarket coupons can be a great help, provided you know the right way of using them.
Do not run after high returns without considering that ‘A great reward may have a greater risk’.
Have you noticed people who buy lottery tickets each day? Buying more tickets does not significantly increase your chance of a major prize but inflates your risky investment significantly.
Both parents working may seem to be necessary at the moment, but you may not think so if you calculate the extra expenses involved such as lunch, commuting, wardrobe, childcare, etc.
Be careful which pension plan you opt for. Check that the agent is not selling you insurance instead of a pension.
Check out your life insurance policy and whether it is a good investment. Remember, an insurance policy is to protect you and not just for the company and their agent to profit from you.
Maintaining your investments through all cycles is the key to being invested in the right time. This may make your success rate higher rather than investing and then withdrawing from time to time because of the fees and other costs at each change.
Avoid using a credit card as much as possible, because you end up spending extra with it. Instead, you can go for a charge card, which makes you pay what you spend each month.
When you plan to buy a home, go for a buyer-broker. Realtors are the ones who represent the seller, unless you are hiring a buyer-broker who is the one who represents you.
Investing the same amount regularly is said to be the best way of using dollar cost averaging.
Instead of a fifteen-year mortgage plan, go for a thirty-year mortgage if the longer mortgage means lower monthly payments and a higher tax deduction.
Consider applying for a systematic withdrawal plan rather than applying for bonds if this will provide a steady flow of income even after your retirement.
Check that your bank accounts are insured federally. The FDIC, or the Federal Deposit Insurance Corporation protects deposits up to around two hundred fifty thousand dollars per person. If you have, more than the secured amount, you may spread it through various banks.
If you want annuities, consider sticking to the variable and not the fixed type. A fixed annuity has a fixed return but a variable annuity gives you a chance to earn the full return.
Grandparents often plan college funds for their grandchildren but, I believe that this requires very careful thought beforehand.
Do not purchase a mutual fund just because it is highly rated. Different funds, even a mutual fund that has just a single star may do exceptionally well in certain periods.
The money that you may need in the next two years must be cash or fairly easy to convert to cash. The stock market is not a place to store the money that you might need immediately.
You can invest globally, not just in the U.S.A. exchanges.
Keep a careful eye on your family budget; try to reduce your expenses, curtail your restaurant meals and other un-necessary expenses that may cause a future burden.
When you want financial advice, only accept it from a registered investment advisor. A stockbroker is not the right person to advise you on your general finances.
Write a check for yourself and save it first. This is an efficient, almost painless, way of saving.
Do not include your child’s name is investments or bank accounts; this may mean that your other children might be disinherited and might cause tax problems.
When you sell a home, go to a qualified realtor and get referrals from people you trust.
Do not buy real estate investments with borrowed funds.
Stopping your PMI when you have around 20% of the equity on your home left might save many hundreds of dollars.
Buying mortgage life insurance should be considered carefully. Separate insurance might be a better option.
If you contribute to a nondeductible IRA account is not a great idea, maintain a proper record or you may suffer serious losses.
If you are 62 years of age now, you may be able to take a social security instead of waiting until you are 65.
Money handling processes have changed, so do not stick to how your parents handled their money.
While getting a pension, consider choosing a lump sum option where you can take control of your money and your future.
While leasing the car, consider not paying for the cap cost reduction and perhaps get gap insurance instead.
Saving money in your child’s name may not be a good idea. You will have to part with the money once your child turns 18 or 21.
Instead of saving for your children’s college costs, consider starting to save for your own retirement first.
Investing in a QTIP trust might be a good way of protecting your kids and spouse.
Consider taking a policy that provides five or six years benefits instead of investing in long-term care insurance.
Do not panic or worry; this will take you nowhere. It is not necessary that you take in all the gloom that the media throw at you.
Learn how to better protect you and your family in the current crisis, with this informative and easy to understand e-guide to Surviving the Debt Crisis.
The current economic crisis is making everyone think about how to protect their money and the financial security of their family. Here are 45 tips to protect your money during and after an economic crisis. These tips have been taken from Surviving the Debt Crisis.
If you wish to achieve real wealth, focus on acquiring assets that are valued by other people. Concentrate on allocating you money across different types of assets, including some whose value might rise where others that you have face a fall in their value.
Decide whether you might be better off making extra mortgage payments or putting that money into investments.
Be careful with investments; do not fall for flattery or let yourself be convinced by claims that their past performance is necessarily a true indicator of future prospects.
If you get plenty of money, it is advisable that you invest the entire amount at once and not with intervals between. Diversify your investments as suggested in Point 1.
Making big investments just to avoid taxes is a decision that requires careful consideration and access to premium, probably high-cost professional advice.
If you plan to studying in college, compare the college saving plans to find those which give you the best options.
Coins are “little savings”, so do not spend them. Try saving coins and use the paper currency; you will see that you have effortlessly saved more by the end of the month.
Buy a house only when you are willing to move into it immediately and live for at least a minimum of five years.
Instead of hiring young members of your own family or giving them a portion of your money when they are young, place your inheritance into a trust until your minors are sensible enough to handle the money.
Supermarket coupons can be a great help, provided you know the right way of using them.
Do not run after high returns without considering that ‘A great reward may have a greater risk’.
Have you noticed people who buy lottery tickets each day? Buying more tickets does not significantly increase your chance of a major prize but inflates your risky investment significantly.
Both parents working may seem to be necessary at the moment, but you may not think so if you calculate the extra expenses involved such as lunch, commuting, wardrobe, childcare, etc.
Be careful which pension plan you opt for. Check that the agent is not selling you insurance instead of a pension.
Check out your life insurance policy and whether it is a good investment. Remember, an insurance policy is to protect you and not just for the company and their agent to profit from you.
Maintaining your investments through all cycles is the key to being invested in the right time. This may make your success rate higher rather than investing and then withdrawing from time to time because of the fees and other costs at each change.
Avoid using a credit card as much as possible, because you end up spending extra with it. Instead, you can go for a charge card, which makes you pay what you spend each month.
When you plan to buy a home, go for a buyer-broker. Realtors are the ones who represent the seller, unless you are hiring a buyer-broker who is the one who represents you.
Investing the same amount regularly is said to be the best way of using dollar cost averaging.
Instead of a fifteen-year mortgage plan, go for a thirty-year mortgage if the longer mortgage means lower monthly payments and a higher tax deduction.
Consider applying for a systematic withdrawal plan rather than applying for bonds if this will provide a steady flow of income even after your retirement.
Check that your bank accounts are insured federally. The FDIC, or the Federal Deposit Insurance Corporation protects deposits up to around two hundred fifty thousand dollars per person. If you have, more than the secured amount, you may spread it through various banks.
If you want annuities, consider sticking to the variable and not the fixed type. A fixed annuity has a fixed return but a variable annuity gives you a chance to earn the full return.
Grandparents often plan college funds for their grandchildren but, I believe that this requires very careful thought beforehand.
Do not purchase a mutual fund just because it is highly rated. Different funds, even a mutual fund that has just a single star may do exceptionally well in certain periods.
The money that you may need in the next two years must be cash or fairly easy to convert to cash. The stock market is not a place to store the money that you might need immediately.
You can invest globally, not just in the U.S.A. exchanges.
Keep a careful eye on your family budget; try to reduce your expenses, curtail your restaurant meals and other un-necessary expenses that may cause a future burden.
When you want financial advice, only accept it from a registered investment advisor. A stockbroker is not the right person to advise you on your general finances.
Write a check for yourself and save it first. This is an efficient, almost painless, way of saving.
Do not include your child’s name is investments or bank accounts; this may mean that your other children might be disinherited and might cause tax problems.
When you sell a home, go to a qualified realtor and get referrals from people you trust.
Do not buy real estate investments with borrowed funds.
Stopping your PMI when you have around 20% of the equity on your home left might save many hundreds of dollars.
Buying mortgage life insurance should be considered carefully. Separate insurance might be a better option.
If you contribute to a nondeductible IRA account is not a great idea, maintain a proper record or you may suffer serious losses.
If you are 62 years of age now, you may be able to take a social security instead of waiting until you are 65.
Money handling processes have changed, so do not stick to how your parents handled their money.
While getting a pension, consider choosing a lump sum option where you can take control of your money and your future.
While leasing the car, consider not paying for the cap cost reduction and perhaps get gap insurance instead.
Saving money in your child’s name may not be a good idea. You will have to part with the money once your child turns 18 or 21.
Instead of saving for your children’s college costs, consider starting to save for your own retirement first.
Investing in a QTIP trust might be a good way of protecting your kids and spouse.
Consider taking a policy that provides five or six years benefits instead of investing in long-term care insurance.
Do not panic or worry; this will take you nowhere. It is not necessary that you take in all the gloom that the media throw at you.
Learn how to better protect you and your family in the current crisis, with this informative and easy to understand e-guide to Surviving the Debt Crisis.
The current economic crisis is making everyone think about how to protect their money and the financial security of their family. Here are 45 tips to protect your money during and after an economic crisis. These tips have been taken from Surviving the Debt Crisis.
If you wish to achieve real wealth, focus on acquiring assets that are valued by other people. Concentrate on allocating you money across different types of assets, including some whose value might rise where others that you have face a fall in their value.
Decide whether you might be better off making extra mortgage payments or putting that money into investments.
Be careful with investments; do not fall for flattery or let yourself be convinced by claims that their past performance is necessarily a true indicator of future prospects.
If you get plenty of money, it is advisable that you invest the entire amount at once and not with intervals between. Diversify your investments as suggested in Point 1.
Making big investments just to avoid taxes is a decision that requires careful consideration and access to premium, probably high-cost professional advice.
If you plan to studying in college, compare the college saving plans to find those which give you the best options.
Coins are “little savings”, so do not spend them. Try saving coins and use the paper currency; you will see that you have effortlessly saved more by the end of the month.
Buy a house only when you are willing to move into it immediately and live for at least a minimum of five years.
Instead of hiring young members of your own family or giving them a portion of your money when they are young, place your inheritance into a trust until your minors are sensible enough to handle the money.
Supermarket coupons can be a great help, provided you know the right way of using them.
Do not run after high returns without considering that ‘A great reward may have a greater risk’.
Have you noticed people who buy lottery tickets each day? Buying more tickets does not significantly increase your chance of a major prize but inflates your risky investment significantly.
Both parents working may seem to be necessary at the moment, but you may not think so if you calculate the extra expenses involved such as lunch, commuting, wardrobe, childcare, etc.
Be careful which pension plan you opt for. Check that the agent is not selling you insurance instead of a pension.
Check out your life insurance policy and whether it is a good investment. Remember, an insurance policy is to protect you and not just for the company and their agent to profit from you.
Maintaining your investments through all cycles is the key to being invested in the right time. This may make your success rate higher rather than investing and then withdrawing from time to time because of the fees and other costs at each change.
Avoid using a credit card as much as possible, because you end up spending extra with it. Instead, you can go for a charge card, which makes you pay what you spend each month.
When you plan to buy a home, go for a buyer-broker. Realtors are the ones who represent the seller, unless you are hiring a buyer-broker who is the one who represents you.
Investing the same amount regularly is said to be the best way of using dollar cost averaging.
Instead of a fifteen-year mortgage plan, go for a thirty-year mortgage if the longer mortgage means lower monthly payments and a higher tax deduction.
Consider applying for a systematic withdrawal plan rather than applying for bonds if this will provide a steady flow of income even after your retirement.
Check that your bank accounts are insured federally. The FDIC, or the Federal Deposit Insurance Corporation protects deposits up to around two hundred fifty thousand dollars per person. If you have, more than the secured amount, you may spread it through various banks.
If you want annuities, consider sticking to the variable and not the fixed type. A fixed annuity has a fixed return but a variable annuity gives you a chance to earn the full return.
Grandparents often plan college funds for their grandchildren but, I believe that this requires very careful thought beforehand.
Do not purchase a mutual fund just because it is highly rated. Different funds, even a mutual fund that has just a single star may do exceptionally well in certain periods.
The money that you may need in the next two years must be cash or fairly easy to convert to cash. The stock market is not a place to store the money that you might need immediately.
You can invest globally, not just in the U.S.A. exchanges.
Keep a careful eye on your family budget; try to reduce your expenses, curtail your restaurant meals and other un-necessary expenses that may cause a future burden.
When you want financial advice, only accept it from a registered investment advisor. A stockbroker is not the right person to advise you on your general finances.
Write a check for yourself and save it first. This is an efficient, almost painless, way of saving.
Do not include your child’s name is investments or bank accounts; this may mean that your other children might be disinherited and might cause tax problems.
When you sell a home, go to a qualified realtor and get referrals from people you trust.
Do not buy real estate investments with borrowed funds.
Stopping your PMI when you have around 20% of the equity on your home left might save many hundreds of dollars.
Buying mortgage life insurance should be considered carefully. Separate insurance might be a better option.
If you contribute to a nondeductible IRA account is not a great idea, maintain a proper record or you may suffer serious losses.
If you are 62 years of age now, you may be able to take a social security instead of waiting until you are 65.
Money handling processes have changed, so do not stick to how your parents handled their money.
While getting a pension, consider choosing a lump sum option where you can take control of your money and your future.
While leasing the car, consider not paying for the cap cost reduction and perhaps get gap insurance instead.
Saving money in your child’s name may not be a good idea. You will have to part with the money once your child turns 18 or 21.
Instead of saving for your children’s college costs, consider starting to save for your own retirement first.
Investing in a QTIP trust might be a good way of protecting your kids and spouse.
Consider taking a policy that provides five or six years benefits instead of investing in long-term care insurance.
Do not panic or worry; this will take you nowhere. It is not necessary that you take in all the gloom that the media throw at you.
Learn how to better protect you and your family in the current crisis, with this informative and easy to understand e-guide to Surviving the Debt Crisis.
On September 30, 2008, the Seidman College of Business hosted an emergency summit at Grand Valley State University to explore the intricacies of the global financial crisis in the United States and…
On September 30, 2008, the Seidman College of Business hosted an emergency summit at Grand Valley State University to explore the intricacies of the global financial crisis in the United States and…
