Debt and Debt Management
The New York Times, March 5th, 2010After the dust began to settle last year — after the banks failed, the
currency collapsed, the stock market crashed and the government fell —
the dazed inhabitants of Iceland woke up to
another unpleasant problem:
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The New York Times, February 17th, 2010Eight states have been given failing scores for their pension
management under a new grading system developed by the Pew Center on
the States, which also found a $1 trillion gap between what all 50
states have
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Yahoo News, February 18th, 2010States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating
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US News & World Report, February 2nd, 2010President Obama’s budget for fiscal year 2011 includes many proposals aimed to help workers prepare for retirement. Here’s a look at the retirement projects the White House is asking Congress to fund.
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Bankrate.com, January 13th, 2009Dear Debt Adviser,
My parents are 88 years old and 86 years old. They are physically and
mentally fragile, but still living in their home with the assistance of
home aides provided by Medicare. My mother had a credit
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Belleville News Democrat - January 11, 2010
It's foolish at a certain age to make New Year's resolutions. We've been
there and done that, which is how we got to be our age.
Besides, you don't need a resolution to be good to yourself in this new year,
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The New York Times, December 28th, 2009Millions of Americans are paying a high price for a safe place to put
their money: extremely low interest rates on savings accounts and
certificates of deposit.The elderly and others on fixed incomes have been
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The New York Times, October 16th, 2009MANY retirees are in a cash crunch — with a lower income stream from their investment portfolios, personal expenses that are higher than expected, or both. While
most assets can be used to generate liquidity,
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The New York Times, October 14th, 2009MANY retirees are in a cash crunch — with a lower income stream from their investment portfolios, personal expenses that are higher than expected, or both. While
most assets can be used to generate liquidity,
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Marketwatch, September 17th, 2009Back in the good old days, before the crisis of 2008-09, many experts
suggested that all you needed to do was withdraw 4% per year, adjusted
for inflation, from your nest egg. That strategy, experts said, was a
near
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The New York Times, August 18th, 2009In nature, every action has consequences, a phenomenon called the
butterfly effect. These consequences, moreover, are not necessarily
proportional. For example, doubling the carbon dioxide we belch into
the atmosphere
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The New York Times, June 15th, 2009The banks
were bailed out last fall, the automobile companies last winter. For
Edward McClelland, a writer in Chicago, deliverance finally arrived a
few days ago.Mr. McClelland’s credit card
company was calling yet
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The New York Times, June 9th, 2009There are two basic truths about the enormous deficits that the federal government will run in the coming years. The first is that President Obama’s
agenda, ambitious as it may be, is responsible for only a sliver of
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The New York Times, May 19th, 2009The New York attorney general, Andrew M. Cuomo,
sued two large debt settlement companies Tuesday, saying they had
engaged in fraudulent and deceptive business practices and false
advertising. The suits seek to
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NewsOK - March 22, 2009
In a recent column I talked about the positive reasons for postponing retirement. But to a lot of folks today, merely postponing retirement now seems like a pipe dream. As they’ve watched their net worth decline, some are convinced
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