Wednesday, June 3, 2015

Personal Finance


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ALTHOUGH I CAN'T respond to every question I receive, I do try to address a financial issue if enough readers ask about a similar topic.
Ask Dave: What are the long-term effects of declaring bankruptcy?
Ask Dave:I recently applied for life insurance for the first time with a child rider. The insurance company denied my request for the rider portion because my son has hemophilia. Do you have any suggestions or advice?
The Street: Unfortunately, when emotions get in the way, it's easier to make mistakes that may cost you for years to come. Here's a look at three of the worst financial mistakes you can make during a divorce.
The Street: Too many investors are still not saving enough for retirement, because their company 401(k) plan is charging high fees, hiding opportunity costs and offering intimidating websites.
Ask Dave: My wife and I are debt-free except for our home, and we’re currently putting money aside for our fully loaded emergency fund of three to six months of expenses. Currently, we have our emergency fund account in the same bank as our checking and savings accounts. Do you think we should move it to a different bank?
Ask Dave:I have a question about budgeting. I give myself and my husband $150 a month each for blow money to be used on whatever we want. I’m upset because he spends all his eating out, then he buys other things he wants that he has no money for. Am I being too stingy?
The Street: There's no shortage of writers with personal mantras of how to pay off debt, save more money, and begin life after work while you’re still young enough to enjoy it. Some are working toward the goal. Most are only a few years into their effort. But Akaisha and Billy Kaderli retired at age 38 – and that was 24 years ago.
WASHINGTON (AP) - President Barack Obama said China has made inquiries about potentially joining a Trans-Pacific trade agreement in the future, introducing a new variable to an unfolding debate in Congress over granting the president the authority to negotiate such international pacts.
WASHINGTON (AP) - New York state's chief financial regulator has issued final rules for companies dealing in bitcoin, a project bringing oversight to the virtual currency that has widened in popularity and moved into the commercial mainstream.
NEW YORK (AP) - Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft.
NEW YORK (AP) - A company that measures the effectiveness of television networks on social media says MSNBC is top-ranked on Facebook and E! Entertainment is best on Twitter.
CAIRO (AP) - French telecoms giant Orange SA would end its relationship with an Israeli operator that pays to use its name "tomorrow" if it could, but to do so would be a "huge risk" in terms of penalties, its CEO said Wednesday.
OMAHA, Neb. (AP) - Shareholders of Kraft Foods will vote July 1 on whether to sell their company to ketchup maker H.J. Heinz Co.
NEW YORK (AP) - The NFL says it has chosen Yahoo as its partner in an experiment to stream a game internationally in October.
NEW YORK (AP) - Apple is recalling its Beats Pill XL speakers after a customer reported getting burned when it overheated.
The Street: Lots of people are so bad at managing their own money that they might even be better just handing that off to someone else.

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