Filed under: Insurance, Health, Insurance – Health Insurance
If you’ve shopped for health insurance as an individual, you’ve likely found it very difficult, if not impossible, to get that insurance unless you are in perfect health. Or once you’re over the age of 50, you may find that even if you can get insurance, you won’t be able to afford it.
Filed under: Debt, Retire, Saving Money, Wealth, Recession
Am I the only American who’s disappointed the economy’s getting better?
Filed under: Debt, Retire, Saving Money, Wealth, Recession
Am I the only American who’s disappointed the economy’s getting better?
Filed under: Banks, Credit, Debt, In the News
Senator Chris Dodd (D-Conn.) gave up trying to find a bipartisan compromise on the bill to overhaul the financial regulatory system and plans to introduce a new version of the bill on Monday. The House of Representatives passed a financial reform bill in December with a separate agency for consumer financial protection to be known as the Consumer Financial Protection Agency (CFPA).
Filed under: Banks, Credit, Debt, In the News
Senator Chris Dodd (D-Conn.) gave up trying to find a bipartisan compromise on the bill to overhaul the financial regulatory system and plans to introduce a new version of the bill on Monday. The House of Representatives passed a financial reform bill in December with a separate agency for consumer financial protection to be known as the Consumer Financial Protection Agency (CFPA).
If you think the deficit should be closed in 2010, be ready to pay more than twice what your currently pay in taxes. That’s what the nonpartisan Tax Foundation found in its new report. In order to close the 2010 deficit, joint filers would need to pay at tax rates of 24.3% to 84.9% versus the current 10% to 35% we actually pay.
“Assuming deductions, exemptions and credits were kept the same as they are now, Congress would have to raise each personal income tax rate by a factor of almost two and a half to erase the 2010 deficit,” William Ahern, Tax Foundation director of policy and communications, wrote in his report titled, “Can Income Tax Hikes Close the Deficit.” (Continue the story…)
Filed under: Family Money, Retire
More Middle Boomers — those 52 to 58 years old — expect to work about five years beyond their planned retirement date, thanks to the recession, according to a new study of that segment of 29 million people.
The “MetLife Study of Boomers in the Middle” showed 54% saying they were behind in their retirement-savings goals. Economic conditions have hurt 76% of those surveyed, and almost half of those are concerned about their ability to recover.
Filed under: Banks, Real Estate, Mortgages
Bank of America issued an apology to a Pittsburgh woman after a contractor hired by the company broke into a woman’s house, padlocked her door, cut water lines and electrical wiring, damaged flooring, poured anti-freeze in the toilet, and, for the coup de grâce , absconded with her parrot.
Try not to choke on your coffee, but the nonpartisan Congressional Budget Office (CBO) projected that the Obama administration policies would dump $9.7 trillion onto the national debt by 2020. The projected national debt by 2020, according to the CBO, would top $20.3 trillion.
Yeah, that’s a lot. Put another way, if you had $9.7 trillion and you wrote me a check for $1 trillion, you’d still have $8.7 trillion and I’d be a brand new trillionaire, thank you.
Filed under: Insurance, Insurance – Home Insurance
Following the devastating earthquakes that hit Chile and Haiti, some insurance companies are hiking rates on earthquake insurance by as much as 200%. A recent Los Angeles Times article reported that California-based GeoVera Insurance Company nearly tripled one customer’s premium, from $2,500 to $7,100 a year.
The question is: Are insurers playing on homeowner’s fears that an earthquake may devastate their lives, too? Or are they trying to prevent their own financial disaster from occurring? (Continue the story…)