The Federal Reserve on Tuesday cut its federal funds target rate by more than three-quarters of a percentage point to a range of between 0 and .25 percent. The decision signals that Fed Chief Ben Bernanke is more concerned with the rapidly deteriorating economy–which has been mired in a recession since December of last year–that [...]
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“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation”. This is from The SEC’s web page, their “mission statement”, if you will. In an article published today, the chairman of the SEC admits fault in the Madoff case: WASHINGTON – In [...]
With prices of basic commodities going up and the economy going down, you can’t help but feel the pressure. This is especially true with the recent developments such as the financial problems that three of the biggest companies in the country is facing. Right now, there is more risk of losing your job, of getting [...]
There are basically three ways you can make earn money. The first one is to work for it – this is the most common and “preferred” method of gaining financial stability, but it also happens to be the slowest. Working for somebody only makes that individual richer, while you receive the same pay every month [...]
Economy: Stimulating the economy with massive new investments in “green” infrastructure seems to be a popular idea, and President-elect Obama has made it a centerpiece of his program. Will it work? We doubt it. Both Obama and congressional Democrats believe we can move to a new carbon-free future by “investing” in “green” technologies and infrastructure, [...]
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NEW YORK (Reuters) – Workers are increasingly cautious about investing in corporate retirement funds, having shifted money out of stocks, reduced how much they contribute and, in some cases, stopped contributions altogether or withdrawn money, according to a study released on Monday. The study by Hewitt Associates, which administers 401(k) plans for corporations, found the average U.S. 401(k) [...]
Imagine how good you will feel, leaving work the last time, knowing you have a Roth IRA with a whole lot of money in it, and you don’t have to pay any tax to the IRS department! Millions of American’s who contribute to a Roth IRA retirement plan will experience this feeling eventually. Will you be [...]
A new survey from TD Ameritrade finds that 35% of Americans have cut back the amount they’re contributing to their retirement plans — and, get this, 63% have entirely stopped adding any new money at all. Bad move, people. You’re going to regret that in the future. The Problem With Stopping the Savings Clock Let’s [...]
By Sam Stovall The election is over. The die is cast. The Democrats have won the White House. In addition, the party has increased its majority in Congress, even though it fell short of the filibuster-beating level. While some worry about a single-party government with a blank checkbook and little oversight, history reminds us that, contrary to popular [...]
1 – CASH FLOW MANAGEMENT controlling your day to day finances to enable you to do the things that you enjoy and you find satisfying * monthly budget (income vs. expenses) – work toward a positive cash flow month-to-month * manage bad debt – reduce / eliminate unproductive debt * build an emergency reserve fund [...]
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