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Congress Will Attempt to Fix Abusive Bank Policies

by Flexo

Earlier this month, I wrote about how overdraft fees are becoming more popular with banks finding ways to assess the fees more often, in tandem with raising what the customer owes each time — sometimes several within a day — an account is overdrawn. Laura Rowley’s latest column mentioned that a few congressmen are interested ... Continue reading this article…

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US News Annual Investing Guide, Part 3: Oil

by Flexo

Every year, US News puts together an annual investing guide that evaluates certain sectors of the market. Marianne Lavelle writes about the recent and future performance of Big Oil, but there aren’t any revelations. According to the article, the easy money in oil was made in 2006, although there were signs of trouble. Here is ... Continue reading this article…

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Repealing the Alternative Minimum Tax (AMT)

by Flexo

The Alternative Minimum Tax (AMT) is a rule that was established in the United States tax code to make sure rich people don’t take advantage of loopholes to the point where they owe no tax to the government. The minimum income required to qualify for the AMT was never adjusted for inflation, so over time, ... Continue reading this article…

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Rule for Building Wealth: Use Your 401(k)

by Flexo

Fortune Magazine is looking at 10 Rules for Building Wealth, and here is the second item on the list: Use your 401(k). If you have access to a 401(k) or 403(b) at your job, particularly if the plan offers employer match, then it makes sense to invest in the plan. The employer match is basically ... Continue reading this article…

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Carnival of Personal Finance #53

by Flexo

Welcome to the anniversary edition of the Carnival of Personal Finance! What a year it has been. The first Carnival of Personal Finance was posted on June 20, 2005. To celebrate the Carnival’s first birthday, I asked participants to submit two articles: a recent favorite as usual and one of their favorites from the past ... Continue reading this article…

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Changes to Online Job Hunting

by Flexo

According to CNN, searching for jobs online is getting more difficult starting today. There are new federal regulations that put simply create a situation where it benefits employers to have fewer active applicants for any certain position. In order to be seriously considered for a position, not only does your resume have to be tailored ... Continue reading this article…

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Another Look at the Roth 401(k)

by Flexo

Last week, I wrote a little about the new Roth 401(k) that passed into legislation last year and copanies started offering this year. I cited an article by Jeff Brown from the Philadelphia Inquirer, but I didn’t check his math. I should have checked because an important point Jeff makes does not hold true, as ... Continue reading this article…

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Personal Bankruptcies in 2005

by Flexo

Personal bankruptcies hit an all-time high in 2005. Two million people filed for bankruptcy last year. That includes a less-than-expected drop off in the filing rate after the new bankruptcy bill was enacted, making it more difficult for individuals and corporations to file. Lundquist Consulting provided the survey results. From their press release [non-permanent link]: ... Continue reading this article…

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