The Three Biggest Risks of Retirement

The latest issue of Money Magazine had an interesting interview with a retirement expert from York University named Moshe Milevsky. In it, he detailed the three biggest risks of retirement. Any guesses as to what they are? Here’s his view: Longevity risk Inflation risk Market risk What follows is a quick breakdown of each one… […]

Breaking News: Citi to Acquire Wachovia

Another day, another bank takeover… This time it’s Citigroup, Inc. (C) acquiring the banking assets of Wachovia Corp. (WB) for $2.1 billion in stock. They are also assuming $53 billion in Wachovia debt. Once again, the FDIC orchestrated this takeover (with help from the Treasury Department and the Federal Reserve). In this case, however, the […]

How to Become a Millionaire – The Simple Truth

A week or so ago, I shared some tips from Warren Buffett about how to become a millionaire. Today, I wanted to share some tips from our eight year old. This weekend, I had an interesting financial conversation with our eight year old. This is the same kid that has an impressive knack for saving. […]

Inside the Washington Mutual Takeover

As you’re likely aware, JPMorgan Chase took over all WaMu deposits effective September 25, 2008. This move has no doubt left WaMu customers with a lot of questions and concerns. In an attempt to address as many of these issues as possible, Chase has put together a FAQ page for WaMu customers. In short, things […]

From the Archives (September 21st – September 27th)

Here are some of my favorite FCN articles from a year ago this past week: Q&A: Debt Reduction Strategy Words of Wisdom from Alan Greenspan Deducting Disciplinary Fines as a Business Expense Mobile Money: Five Tips For Managing Your Finances on the Go And here’s what was going on two years ago: How to Dispute […]

Weekly Roundup – On My Own Edition

This past week, I decided to part ways with the MoneyBlogNetwork. It was a completely amicable separation — I just decided that it was time for a change — and I wish them all the best. And with that, it’s time for a quick trip around the personal finance blogosphere… Flexo provided firsthand evidence that […]

Improve Your Gas Mileage by Slowing Down

I was recently presented with an opportunity to run a little gas mileage experiment. I’ve done this in the past when I investigated the degree to which I could improve my gas mileage by altering my driving habits around town. Interestingly, I was able to increase my mileage by 15% in return for a few […]

What Happens to Your Mortgage if Your Bank Fails?

Over the past several weeks, I’ve received a number of comments and e-mails from readers wondering what would happen to their mortgage if their banks fails. Is the loan terminated? Do they have to pay it back immediately? Or do they get to walk away free and clear? In short, the answer to all three […]

From the Archives (September 14th – September 20th)

Here are some of my favorite FCN articles from a year ago this past week: Dealing With Found Money Bonds Ball is Up For Voting Dealing With Found Money, Followup And here’s what was going on two years ago: Hidden Costs of Home Ownership Money Saving Tip for the Recently (or Soon-to-Be) Unemployed Solving Customer Service Problems Skip Lunch, Save $100k And finally, here’s what was going on three years ago: Buying Term Life Insurance, Part IV Buying a New Car Misguided Money Fears Buying a New Car, Part II Car Buying Mistakes

A Bit of Investing Perspective

As much of a roller coaster ride as we had this past week, here are some things to consider: This week, Dow experienced drops of nearly 450 and over 500 points, but… The Dow finished the week down just 34 points In the past month, the Dow is up 40 points Over the past 5 […]