Economy

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All in favor of more debt – not me

It is being reported today that a deal has been reached between the Democrats and enough moderate Republicans to pass the Senate version of the Economic Stimulus bill. The new changes include some additional targeted tax credits, the removal of a few spending items and about $100 billion cuts (not removals) to programs that were [...]

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2009 IRA Contribution Limits

“Pay yourself first” is a common phrase around the personal finance water cooler. The idea behind the phrase is that you must be putting away some money for savings and investing, before the entire check is allocated to other areas of your budget. Part of being able to save and invest is learning to live [...]

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Retirement Investment Decisions

With the downturn in the economy, a lot of companies, and not just small companies, are having to rethink the benefits they offer their employees. One of the benefits on the chopping block is 401(k) employer matching. Walter Updegrave, Money Magazine senior editor says: As a way to reduce expenses in the face of this [...]

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The problem with 401(k) loans

As people struggle during the tough economy, many are looking for easy ways to get their hands on cash. For some, the lure of borrowing their own money is just to great and what seems likes an easy decision could very well backfire and turn out to be not just a bad idea, but a [...]

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This holiday season the “best ever”!

If you watch the ‘mainstream’ news, you have heard that this holiday ‘shopping’ season has been terrible. While at my parents house last week, the number that was repeated over and over was 8%. Retail sales were down 8% from last year. Anytime retail sales are down, it is bad, but only being down 8% [...]

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Stay with a sure thing?

The average person that has money in the stock market is basically wondering one of two things. First, should I get out of the market now and put everything into a CD where I know I won’t get a great return, but at least I won’t be loosing money? Second, why didn’t I get out [...]

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