The latest issue of Money Magazine had an interesting interview with a retirement expert from York University named Moshe Milevsky. In it, he detailed the three biggest risks of retirement. Any guesses as to what they are? Here’s his view:
Longevity risk
Inflation risk
Market risk
What follows is a quick breakdown of each one…
Longevity risk
Longevity risk refers to [...]
Another day, another bank takeover… This time it’s Citigroup, Inc. (C) acquiring the banking assets of Wachovia Corp. (WB) for $2.1 billion in stock. They are also assuming $53 billion in Wachovia debt.
Once again, the FDIC orchestrated this takeover (with help from the Treasury Department and the Federal Reserve). In this case, however, the FDIC [...]
A week or so ago, I shared some tips from Warren Buffett about how to become a millionaire. Today, I wanted to share some tips from our eight year old.
This weekend, I had an interesting financial conversation with our eight year old. This is the same kid that has an impressive knack for saving. To [...]
As you’re likely aware, JPMorgan Chase took over all WaMu deposits effective September 25, 2008. This move has no doubt left WaMu customers with a lot of questions and concerns. In an attempt to address as many of these issues as possible, Chase has put together a FAQ page for WaMu customers.
In short, things will [...]
Here are some of my favorite FCN articles from a year ago this past week:
Q&A: Debt Reduction Strategy
Words of Wisdom from Alan Greenspan
Deducting Disciplinary Fines as a Business Expense
Mobile Money: Five Tips For Managing Your Finances on the Go
And here’s what was going on two years ago:
How to Dispute a Citibank Credit Charge Online
Save on [...]
This past week, I decided to part ways with the MoneyBlogNetwork. It was a completely amicable separation — I just decided that it was time for a change — and I wish them all the best. And with that, it’s time for a quick trip around the personal finance blogosphere…
Flexo provided firsthand evidence that you [...]
On the heels of last night’s revelation that WaMu is being acquired by Chase, I just wanted to report that I’ve received the two test deposits in my external checking account. For those who haven’t been following along, these deposits stem from my decision to open a WaMu account.
As expected, it’s business as usual today [...]
Update1: From USA Today…
JPMorgan Chase (JPM) acquired the banking operations of Washington Mutual, (WM) the nation’s largest savings and loan, for $1.9 billion Thursday night in a deal brokered by the Federal Deposit Insurance Corp.
“For all depositors and other customers of Washington Mutual Bank, this is simply a combination of two banks,” said FDIC Chairwoman [...]
I was recently presented with an opportunity to run a little gas mileage experiment. I’ve done this in the past when I investigated the degree to which I could improve my gas mileage by altering my driving habits around town. Interestingly, I was able to increase my mileage by 15% in return for a few [...]
I’m the first to admit that I need another online savings account like I need a hole in my head. Nonetheless, when WaMu bumped their interest rate to 4.00% APY, I decided to open an account and see firsthand what they’re all about. Having an account will also make it that much easier to take [...]
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