Finance Retirement

Reverse Mortgages: For Some, a Lifesaver ? But Beware . . .

Once shunned by many as too risky, reverse mortgages have made a comeback as some cash-strapped seniors tap their home equity to replace savings battered by Wall Street's meltdown.


Money Managers Urge Prudence

Top Hispanic-owned financial advisory firms are stressing conservative investments and back-to-basics strategies.


U.S. Commercial Paper Data Indicate Short-Term Credit Market Tension

The U.S. commercial paper outstanding fell in the latest week, resuming its recent decline, suggesting persistent tension in short-term credit markets, Federal Reserve data released on Thursday showed.


Credit Reports Really Are Free

When it comes to credit reports, it's become a battle of the jingles. The Federal Trade Commission has launched a series of musical videos for Annualcreditreport.com, the Web site where people truly can get a free copy of their credit report once a year. The ads mimic the ubiquitous musical commercials for FreeCreditReport.com, a Web site that requires paid membership, charges various fees for services and has a rather limited idea of the meaning of "free."


CalPERS, CalSTRS Join Call to Rebuild Financial Trust

CalPERS and CalSTRS joined eight other big public pension funds in calling for regulatory reform to rebuild trust in the financial markets.d CalSTRS joined eight other big public pension funds in calling for regulatory reform to rebuild trust in the financial markets.


Retirees Face Uncertain Financial Future

Many retirees bought stocks and bonds of companies they thought would always be stalwarts. Now, amid a dramatic financial crisis, stocks of Citigroup, Ford, GM and General Electric have traded at their lowest levels in years; preferred stocks in some large banks have sunk from $25 a share a few months ago to less than $6; and bonds in auto companies are worth about a quarter of what they were when they were issued. The fallout leaves investors, and especially retirees, with miserable choices.


Being Smart with Money Early Can Pay Off Later

The current financial meltdown is a wake-up call for the young. Tough economic times offer young adults a great opportunity to embrace the financial basics of saving, spending and investing.


Protecting Your Personal Assets When Starting a Business

Entrepreneurs typically put some assets on the line -- and if the business fails, they don't recover everything. But there are ways to minimize your risk, starting with forming a legal business entity that provides liability protection.


CalPERS Seeks Bids for Hefty HMO Contract

The California Public Employees' Retirement System, the state's largest purchaser of health insurance, is seeking bids for a lucrative HMO contract for nearly a third of the state's 1.3 million public employees, retirees and their families.


For Investors Who Thought the Worst Was Over, It Wasn't

As investors tallied their losses at the end of 2008, they comforted themselves with the thought that at least things couldn't get much worse. But yes, they can. And have.


Taking the 'Taxing' out of Taxes

As a deepening recession squeezes family budgets, the IRS is expecting more people to take advantage of Free File, the agency's free electronic tax preparation and filing program.


Merrill Exec Sees Deflation Problem for 2-3 Years

The world faces two to three years of dealing with the problem of deflation that will weigh on economic growth, a Merrill Lynch & Co Inc investment executive said on Tuesday.


Slow Economy Could Make Markets Rife With Bargains

The past year brought more pain than gain to Wall Street. The flailing economy, credit crunch and bursting of the housing bubble sent the economy -- and stocks -- tumbling to depths not seen in decades. But let's not forget the old Wall Street adage: "The time to invest is when there's blood on the streets."


Inheritance Tax Resuscitation Likely

Democratic lawmakers are moving to prevent the estate tax, spun by opponents as a U.S. "death tax," from fading away as an option for tax revenues. It's an issue that's but the super-rich directly at odds with small business entrepreneurs.


Advice for the Bear Market

Wall Street is full of old saws about bear markets. They tend to offer the same advice: When things look scary, stick out your chin and buy. But given the awful drubbing investors took last year, and with the economy still in a tailspin, dare we take that advice this time?


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