Why are commercial banks and the federal government asking so many Americans to take out new mortgages with much more favorable terms? Fees, votes, and politics.
Personal debt dies with the borrower, and thus can’t be passed along to children or spouses -- but there are some notable — and potentially costly — exceptions.
Debt is manageable through familiar tactics such as paying more than the minimum payments and transferring balances, but where should you turn to alleviate the pain if your debt balloons to a level beyond control?
Forget the U.S., E.U. and Japan. Look to Eastern Europe, Latin America, and the Asia-Pacific region for stable sources of income.
An unpredictable market, rising fuel prices, and growing concern that inflation may trend higher as the economic recovery takes hold. Enter: Treasury Inflation-Protected Securities.
The government wants to make it easier for workers to convert part of their 401(k) savings into an annuity that would pay guaranteed income checks for life — no matter the ups and downs in the markets.