Filed under: Retire, Investing
WalletPop’s Lan Nguyen chats with Mike Alfred, co-founder and CEO of BrightScope.com, an Internet-based 401(k) analytics firm, about how to make the right 401K choices.
Since its launch in January, the California company has examined and rated 4,000 plans from some of America’s largest employers, including Boeing and McDonald’s. As a result, Alfred recommends saving as much as you can afford in your 401(k).
Filed under: Banks, Real Estate, Technology, Wealth, Recession, Investing
This is a round-up of the most popular finance links from Tip’d, the social site for financial news, in the past week. This week’s stories includes a list of great video tutorials on investing, an explanation of why banking profits are what they are, and some interesting thoughts on a heady social question (why do we judge people based on their finances?).
Filed under: Banks, Real Estate, Technology, Wealth, Recession, Investing
This is a round-up of the most popular finance links from Tip’d, the social site for financial news, in the past week. This week’s stories includes a list of great video tutorials on investing, an explanation of why banking profits are what they are, and some interesting thoughts on a heady social question (why do we judge people based on their finances?).
Victor Marrero was kissed by the gods of reality TV. After he and his Camden, N.J. rowhouse were depicted, roaches and all, on a February 2007 20/20 piece about his poor city, Extreme Makeover: Home Edition came a-calling. It was a whirlwind: by August 2007, he and the two of his five sons who still live at home were taking the keys to a five-bedroom home in Pennsauken, Penn., on property owned by Camden youth program Urban Promise and built by J.S. Hovnanian & Sons.
And then he faced the reality of living like the rich people do on a monthly pension of $939, which was not even enough for the 56-year-old man to afford the $11,500 annual cost of utilities and property taxes. Not to mention considerable debts Marrero had amassed in his years of living in poverty (not detailed by news reports) that were barely repaid by a $59,000 donation from the community. Marrero tried to sell the home — he wanted to ask $499,000, a price that local real estate agents said would be hard to achieve — but Urban Promise wouldn’t let him. (Continue the story…)
Filed under: Insurance, The Dolans, Video
Ken and Daria Dolan, America’s first family of personal finance, answer your questions every Friday.
Filed under: Banks, Borrowing, Kids and Money, Relationships
Hopefully, you’ve never been there: You’re looking at your bank account. It’s sickly. It’s dying. You need cash, or you’re going to be fixing a tree bark salad soon. So you borrow money from your parents or maybe your well-heeled aunt.
Filed under: Debt, Extracurriculars, Wealth
Hot off its success buying up everyone’s unused gold, one of Americas most recognized gold buyers, Cash for Gold USA, is now ready to buy your diamonds. The new company, Cash for Diamonds, aims to offer you top dollar for your precious stones, and will even pay you for the gold setting if you’re sending in a wedding band or other piece of fine jewelry.
Filed under: College, Technology, School
If you’ve seen “Transformers 2,” you’re well aware of the trauma that can occur when you’re separated from a loved one at college, especially when there are robots or Megan Fox involved.
Filed under: Banks, Borrowing, Credit, Debt
Now that Prosper.com is back from its quiet phase complete with SEC registration and a secondary market for loans, CEO Chris Larsen took some time to talk to WalletPop about Peer to Peer Lending.
Filed under: Debt, Entrepreneurship, Relationships, Bankruptcy
Ritz Camera CEO David Ritz, along with a group of investors won the assets of his company at a bankruptcy auction. If approved by the court, they will retain ownership of the company and its 375 stores for just $33.1 million. And, they get to leave the company’s $54 million debt behind though.