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Today, the Federal Reserve released its quarterly report on household wealth. According to MarketWatch, the report contained this information on net worth: Household net worth fell at a 9.9% annual rate in the first three months of the year to $50.4 trillion, the lowest in more than four years. Net worth — assets minus liabilities — [...] Right now, the so-called “three-legged stool” of retirement income is rapidly losing its legs. Social Security was never a program designed to provide an adequate retirement income — it has always been considered supplemental. By the time I retire, Social Security may not even be a contender. Few companies offer pensions anymore, and if you [...]
Times are tough-there is no doubt about that. If you have a retirement account that you are able to “borrow” from you may find yourself tempted to do just that to make it through a financial hardship. Unlike a savings account you are required to repay your 401(k) or face stiff penalties. Many [...] I received two email questions this morning to this effect: Do I need be concerned about swine flu? How will it affect my finances? An interesting question. And probably one prompted by the fact that the financial press is talking about how the swine flu is sending stock markets around the world lower. However, in terms of [...] With tax season recently over, I’m not terribly surprised that I’ve got a few questions in my email inbox that essentially ask this question: What should I do with my tax refund? This is, obviously, a question that you can really only answer for yourself. (Personally, I prefer to have a $0 tax refund) But many people [...] Not too long ago, I was introduced to Lending Club. I find it an intriguing way to invest, and have enjoyed buying a few notes. While P2P lending isn’t for everyone, I think that there are benefits to the process for those who are interested in helping others while making a return — as long [...] |
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