Friday, December 19, 2014

Personal Finance



 

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GOBankingRates: As technology advances and criminals get more creative with identity theft practices, new waves of holiday scams are cropping up that can compromise the good cheer of the season. In fact, a 2012 Federal Bureau of Investigation release revealed that shoppers are particularly vulnerable to cyber crimes over the holiday season because victims are likely to let their guards down to help others.
Dave Ramsey: Our daughter wasn’t very responsible with money until she read your books. Now, she has really started turning her life around. Recently, she learned she needs to have some expensive dental work done. Since she just started trying to manage her money well, she doesn’t have enough saved up for the procedure or dental insurance right now. Do you think we should help by loaning her the money?
GOBankingRates: If an identity thief gets a hold of your SSN, he might obtain complete access to your accounts, which could lead to financial hardship, or even ruin, that can be difficult to repair. If there’s a shadow of a doubt that your identity has been stolen or compromised, act on it before your identity becomes a shadow of who you are.
The Street: Four in ten Americans say they have trimmed spending in the past 12 months -- and even more (55%) are looking for ways to save money. How are we cutting back? Using coupons more often, shopping price, looking for deals and buying in bulk. Plus, we're getting creative.
GOBankingRates: Part of what’s made Ramsey a household name in personal finance is an ability to make complicated financial principles accessible and actionable. So what does Dave Ramsey think is the No. 1 thing you should do in 2015? His advice is simple.
Dave Ramsey: My brother and I recently received an inheritance after our mom died. He’s never been very good with money, so I was proud of him when he used his portion to pay off his debts. But then he went out and financed a van that I know he still can’t afford. I’m afraid he’s falling right back into the same old money problems, but I don’t know how to talk to him about it.
GOBankingRates: You should be commended for doing what many people only dream about — having a pile of money in savings. However, don’t get too comfortable or you could find yourself blowing it all. Here are five of the worst possible things you can do with your savings.
December is the time of year 401(k) and IRA participants take a harder look at those retirement savings plan, and this year that review should include a host of mandates and initiatives coming to retirement savings plans for 2015.
NEW YORK (AP) - Blackberry reported an adjusted profit for its fiscal third quarter, surprising Wall Street. But its revenue fell, missing analysts' estimates.
HONG KONG (AP) - A Hong Kong jury found a billionaire property developer and a former top government official guilty of corruption Friday after a high profile trial that amplified anger at the city's elite.
BANGKOK (AP) - Thai Union Frozen Products announced Friday it is acquiring Bumble Bee Seafoods, a major seller of canned tuna in the United States, for $1.5 billion.
WASHINGTON (AP) - In the weeks before hackers broke into Sony Pictures Entertainment, the studio suffered significant technology outages it blamed on software flaws and incompetent technical staffers who weren't paying attention, even as hackers targeted executives to trick them into revealing their online credentials.
WASHINGTON (AP) - The government is selling the last of its shares in Ally Financial Inc., the former financing arm of General Motors that was bailed out during the financial crisis.
PORTLAND, Ore. (AP) - Less than two weeks after the ride-hailing app Uber launched in Portland without officials' approval, the company said it is suspending operations for three months to work out its differences with the city.
NEW YORK (AP) - The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates.
NEW YORK (AP) - The NHL has named Constellation as its preferred energy provider as the league seeks to offset its carbon footprint across all 30 team markets.
The Street: If long-term care insurers have their way, 401(k) withdrawals would maintain their tax-free status when money is used to pay the monthly cost of long-term care insurance or to purchase single premium annuities

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.