Friday, August 22, 2014
Inquirer Daily News

Personal Finance



 

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The Street: A survey of 1,000 plan holders by Schwab Retirement Plan Service reinforces their popularity but strikes an alarming note on how Americans fall short in many areas related to 401(k) investing.
The Street: When it comes long-term relationships with their 401(k)s, workers, it seems, are kind of like bad boyfriends. They're eager to get started and say the relationship is really, really important, but their attentions fade. That's the essence of a study by brokerage firm Charles Schwab
The Street: Want to ditch that slacker label, Generation X? Start by getting your retirement plans in order.
The Street: Nearly four in five people (79%) said the stress of personal finances is keeping them awake at night, according to a National Foundation for Credit Counseling poll.
DEAR HARRY: I'm one of the lucky ones. I graduated from college in May, and I have a job. Unfortunately, it's not the job I'd hoped to get.
The Street: In a Sallie Mae survey, families said they would cover 42% of college costs, compared to just 27% last year.
The Street: Although renting has its perks, many homeowners say there’s nothing quite like owning something you can truly call your own. Experts weigh in on five tipping points that often inspire renters to take on a mortgage and sign on the dotted line.
The Street: The combined Social Security retirement and disability trust funds are projected to be exhausted in 2033, according to this year's Social Security Trustees Report. Gen X-ers who are in their 40s now will be entering their sixth and seventh decade right around 2030, making them the most immediate, vulnerable generation of all.
NEW YORK (AP) - Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S.
WASHINGTON (AP) - Federal Reserve Chair Janet Yellen says the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.
NEW YORK (AP) - McDonald's has named a new president for its flagship U.S. division, marking the second change in less than two years.
MOLINE, Ill. (AP) - Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.
TIJUANA, Mexico (AP) - Henry Monterroso is a foreigner in his own country. Raised in California from the age of 5, he was deported to Mexico in 2011 and found himself in a land he barely knew.
NEW YORK (AP) - Stocks were opening slight lower Friday, as investors wait for a speech from Federal Reserve Chair Janet Yellen. Investors were also monitoring the situation in Ukraine, where a Russian convoy entered Ukraine without permission.
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
WASHINGTON (AP) - One of the most vulnerable Senate Democrats is standing by his vote for President Barack Obama's health care law, a fresh sign that the unpopular mandate may be losing some of its political punch.
The Street: New research from Fidelity Investments shows many U.S. workers place a high value on employer contributions – such as profit sharing or a 401(k) company match – and consider it one of the most important benefits a company can offer.

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.