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Made a 401(k) Contribution Change

by Flexo

I changed the contribution rate to my 401(k) today. Previously 12 percent of my pretax income was being diverted to the 401(k) despite only 4 percent of my income being matched by the employer. I reduced the rate from 12 percent to 4 percent so I could still get the complete company match while allowing me more cash. This ... Continue reading this article…

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Fed Funds Up

by Flexo

The Federal Reserve raised the “target for the federal funds rate” to 2.5 percent up 25 basis points (0.25 percentage points). Their statement shows that their decision is based on the idea that inflation is “realitvely low.” I expect the interest rate on my savings account will follow suit, especially since the competition has leapfrogged in ... Continue reading this article…

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Financial Disasters

by Flexo

Gerri Willis at CNN Money gives us five tips for handling financial emergencies. Create a safety net. This requires thinking ahead. Everyone will have at least one kind of financial emergency in their lifetime. The author suggests having three to nine months’ worth of living expenses in an accssible account. Break into the piggy bank. ... Continue reading this article…

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ING Direct Not Keeping Pace

by Flexo

Sorry for not writing much lately, I’ve been a little under the weather. The savings interest rate at ING Direct has not moved up since December 28. Since then, others like Emigrant Direct (at 3 percent APY) and VirtualBank at 2.6 percent APY (for the first $10,000). I’m sure ING Direct has noticed the competition and will ... Continue reading this article…

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A Better ING Direct Deal

by Flexo

I didn’t realize this deal at ING Direct was still active. I was looking through my archives and I found my post from September 9, 2003. In that post, I included a link to a better ING Direct offer than the one you find all over the internet (especially blogs) where the originator gets $10 ... Continue reading this article…

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Stop (Hey) What’s That Sound?

by Flexo

Listen. Can you hear it? It’s the sound of money disappearing from my savings. It’s been going on for many months now. I haven’t been able to save as much as I used to, and I’ve had to dip into my savings more often than I have wanted. I think the reason for this is ... Continue reading this article…

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ING Moves Up Again

by Flexo

ING Direct has increased the interest paid to its savings account customers to 2.35 percent. If you’re not keeping your emergency fund, or any money you’re not investing/gambling with here, you should think about opening an account. If you do want to open an account, I can offer you $25 for doing so through a referral ... Continue reading this article…

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Are You Matching Inflation?

by Flexo

The “Consumer Price Index” is around 3.2 percent at the moment, although I believe the cost of living has gone up much more for most people, due to prices of things that are not reflected in the CPI. Hopefully, any cost of living adjustments we receive at our jobs will cover at least the Consumer ... Continue reading this article…

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