Smart Money has a good post on the effectiveness of the new stimulus package. The basic tenant of the article is pretty good. America was due for an overall market correction, both stocks and housing.
Let’s review the patient’s symptoms. American share prices have spent the past 135 years at an average of 15 times [...]
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Kiplinger has posted an article describing the Federal tax rebates that will be due this summer.
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates.
The rebates [...]
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For those looking to lock in a good mortgage rate or to get a jump on a refinance, now looks like a good time. According to Bankrate, refi apps are up 92% since November.
The benchmark 30-year fixed-rate mortgage fell 18 basis points, to 5.57 percent, according to the Bankrate.com national survey of large lenders. A [...]
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Looks like the Federal Reserve is trying it’s best to suppress the impending recession.
The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent.
Dennis Cook / AP
Federal Reserve Bank Chairman Ben Bernanke
The central [...]
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Looks like lawmakers are planning on implementing a do over of the rebate checks from several years ago in an attempt to head off an impending recession. CNN has an article posted on there site discussing some of the details.
The biggest component of any government plan to jump-start the economy is expected to be issuing [...]
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A week back, I was pondering what to with our little one’s gift money. We could not open an account in her name as it would be a strike against the state healthcare she receives for being disabled. It was decided that we would have my wife open a saving account online so [...]
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The latest edition of Kiplinger magazine has a retirement special and with it, an insert on how to reach a million dollars at different age groups. It is a pretty simple setup that they have and I took a look at the 35 year old age group, since I am a 30 something.
You’ve Saved: [...]
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Our youngest daughter, with the developmental issues, has a few $$ saved up. Unfortunately, we can’t open savings accounts in her name. She receives state medical aid, which is a big life saver, but if she carries any savings or earnings she is penalized.
The direction he have been looking at is to open an account [...]
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I decided to take a look at what our net worth is as compared to last year. Some of the figures are rough, such as the house value which I took from Zillow. The chart over there was crazy for the past year. Anyway, here is the overall picture.
That total debt is [...]
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I just read an article over at CNN on increasing credit card defaults. This article really hits home with me, although the way we got into our situation is different than those with the mortgage woes. As I reported early on, our debt has been the result of our decision to focus on our younger [...]
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