Saturday, October 25, 2014
Inquirer Daily News

Personal Finance



 

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Couple isn't sure about the best time to retire.
Dave Ramsey: How do you sell a vehicle with a lien amount that’s higher than the actual value of the car?
The Street: “In our empirical analysis, we find compelling evidence that Chapter 13 bankruptcy protection benefits debtors,” researchers reported. Perhaps most surprisingly, filers who were successfully granted Chapter 13 protection realized reduced mortality rates compared to those whose cases were dismissed
One-third of consumers who worked with an advisor on a financial plan said they did not receive the financial planning services they were seeking. The Financial Planning Coalition said that “there currently is no uniform regulation that imposes rigorous competency and ethics standards on those offering financial planning advice to consumers.”
Revenue Dept. wants a form filled out and a tax paid.
Dave Ramsey: My husband will be leaving his full-time job in a year so that he can go back to school full-time and finish his degree. We’ve both agreed this is what we want to do, but it means that we’ll go from a yearly income of $90,000 to $45,000.
The Street: Even successful investors like Warren Buffett and Carl Icahn make bad bets from time to time. And other investors can learn from their costly mistakes.
Dave Ramsey: I loaned some money to a good friend recently. He’s going to help me with a job I’m working on, so do you think I should pay him for the work or just forgive the debt instead?
WASHINGTON (AP) - Regulators have closed a small lender in Illinois, bringing U.S. bank failures this year to 16 after 24 closures in all of 2013.
The interest rate pendulum has swung in favor of homeowners again.
Certain models of Arctic Cat's all-terrain vehicles are being recalled because a component failure can cause a loss of control.
DETROIT (AP) - The Canadian auto workers union says Canada has lost to Mexico in a bid to build engines for Ford Motor Co.
DALLAS (AP) - UPS might levy surcharges or even turn away some holiday shipments this year if retailers surprise the delivery giant by dropping off more packages than they had planned.
NEW YORK (AP) - The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies.
WASHINGTON (AP) - U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.
CHARLOTTE, N.C. (AP) - Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.
The Street: Are you a new borrower? Thinking about taking out your first real loan from the bank? It can be very intimidating. However, if you go into the process armed with knowledge not only can it be far less intimidating, you also have a far greater chance of both getting the loan and paying it back in a timely fashion.

Only Dave Ramsey keeps his teeth in. Dave's done stupid with zeros on the end, and he wants you to learn from his mistakes. Read his column Tuesday, Thursday and Saturday on Philly.com.