WASHINGTON, Dec 18- The U.S. Senate was ready on Wednesday to pass a two-year budget deal aimed at avoiding a government shutdown in January despite objections by senators from both parties to proposed pension cuts for military retirees.» Read More
It’s a common dilemma for couples. Not only figuring out how much money will be needed for retirement, but also answering broader questions that will take some reflection. Where will we live? Will we work part-time? How much will we travel?
The number of Americans trading in marriage for cohabitation continues to rise. So, assuming that arrangement means commitment and longevity, couples need to make sure you have an estate plan in place to avoid some very unwelcome surprises down the road.
Question: Including my house, vehicle, student loans and credit cards, I am $254,104.83 in debt. Currently, I am in the process of trying to sell my house. I can not cut the price and take a loss because I do not have the money to bring to the closing table. I am trying to just break even. Since I do not know when the house is going to sell, I am debating whether or not to borrow the money from my 401(K). Should I wait a while before I borrow the money and see if the house sells or should borrow the money ASAP so that I can start turning things around?
Question: My question is do I try to refinance my home, sell it, get a different job, or cash in my modest 401k to turn this around? I have survived a very difficult 2 1/2 year custody battle that cost $30,000+. I would do it again for my son's sake and well being. At separation, I was a stay-at-home mother. I went back to school to earn my masters degree in teaching to be an effective single parent in my child's life.
Question: I would like to put aside some money for my 1 yr old grandchild, what can I invest in other then the 529 plan?
The days of easy credit are probably over. With housing in a slump, qualifying for a home equity loan or a line of credit is no longer a walk in the park. Buf if you really need to borrow, just what do you do? Here's a few tips on where and how to get the cash.
The trillion dollar floodgates haven't opened yet, but soon the 76 million baby boomers will want their money back from the retirement accounts they so carefully fed.
John Burns says staying the course is the only smart path to prosperity. Burns, founder and chief investment officer of Burns Advisory Group, joined CNBC's "Power Lunch" to offer his insights into how to play the market today -- and how to prepare for tomorrow.
Planning for retirement? Then forget the "margaritas by the pool" and start spending less, says Ivory Johnson, director of financial planning at The Scarborough Group. She joined CNBC's "Power Lunch" to discuss sound retirement strategy -- and took the opportunity to criticize Federal Reserve policy.
An affiliate of billionaire investor Wilbur Ross has offered to buy bankrupt American Home Mortgage's loan servicing unit for a price expected to be more than $400 million, court papers filed on Friday show.
Bankrupt American Home Mortgage is attempting to seize as much as $27 million that former employees set aside from paychecks for retirement, according to an attorney representing them.
From healthcare to real estate to retirement, there are many steps you can take to spend less and save more.
The Pension Benefit Guaranty Corporation, the federal agency that insures private defined-benefit pension plans, is taking over payments for nearly 3,000 workers and retirees of Tom's Foods.
Delphi said in a regulatory filing Friday that it contributed about $48 million to its U.S. pension plans. The amount represents the part of the pension contribution related to services rendered by Delphi employees in the second quarter of 2007, the auto supplier said in a filing with the U.S. Securities and Exchange Commission.
Irwin Latner, hedge-fund lawyer and partner at Herrick Feinstein, told CNBC’s “Morning Call” that the risk of over-regulating hedge funds is now greater than the need for more controls. ... But Christian Weller, senior economist at the Center for American Progress, said Congress is simply gathering information to assess the risk posed by hedge funds.
Rep. Eric Cantor (R-Va.) told CNBC’s “Squawk Box” that proposals to boost the tax rate on carried interest are “nothing but a tax on innovation and job creation in America.” “This just goes back to Economics 101,” the GOP congressman said Wednesday. “If you raise the price of something -- the price of putting your capital at risk and provide a disincentive to risk-based investment in this country -- you’re going to have less of it.”
Saving for college and estate planning are two major financial concerns for most families.
Joseph Keating, chief investment officer at First American Asset Management, told CNBC’s “Squawk on the Street” that dividend stocks are a good bet in retirement.
A reader recently asked me for tips on how, and when, to switch careers. It's a question I've been asked a few times recently. I've done a lot of research on this topic and would like to share with you some of the things I've learned.
Investment plan fees can sap thousands of dollars from a worker's retirement savings. Some lawmakers are considering making companies that manage 401(k) plans give clearer and more complete information on those costs.