Wealth
AARP calls for retirement account withdrawals rule change
Older Americans could be financially penalized unless the rules governing mandatory retirement account withdrawals are amended, the AARP has warned.
Citizen group find plenty of financial nightmares in Washington
As another year of Halloween-inspired frights has just passed by, Citizens Against Government Waste has used the opportunity to point out some scary government behavior that has taken place over the past few months.
Fed slashes interest rates due to recession fears
The slowing economy and concerns about the availability of credit were at the heart of the Federal Open Market Committee’s unanimous decision to cut the federal funds rate by half of a percentage point on Wednesday.
The safety of I Bonds
Investors who are looking for a low-risk and high-yield place to store their wealth may be interested in exploring opportunities offered by inflation-linked savings bonds (I Bonds).
Did the bailout increase market volatility?
President Bush and Congress may have attempted to quell the volatility of the stock market by approving the $700 billion bank bailout, but some experts are suggesting the move has had the opposite effect.
Is gold still a safe investment?
Gold is traditionally viewed as a safe investment in troubled economic times. However, the price has been falling lately – a trend which has left many experts confused.
Greenspan admits surprise, dismay at market crisis
Former chairman of the Federal Reserve Alan Greenspan told Congress on Thursday that he was shocked that self-regulation in the financial markets had not functioned the way he anticipated.
Dim forecast for U.S. recovery
Investors who have been hoping that the U.S. economy will be given a clean bill of health in the near future may want to think again.
Bernanke calls for further stimulus
It was several months ago that President Bush signed a $170 billion stimulus package that he said could help prevent the U.S. from slipping into recession – now, there is talk of introducing another, similar measure.
Social security boost for retirees
Retirees who have been fretting over the state of the stock market and their nest egg have a bit of good news to look forward to – social security benefits are rising by 5.8 percent in 2009.
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