I’m Borrowing $50,000 From My 401(k) – It’s My Best Option!

August 14, 2011

There are tons of articles out there waring about the dire consequences of borrowing from your 401(k) – you know, not earning money on the withdrawn amount, double taxation, early withdrawal penalties and having to repay immediately if separate from the company…I’m going to lay out why my particular situation and outline why none of […]

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AAA Companies in the S&P500 – Only 4 Left!

August 14, 2011

AAA companies in the S&P500 index are now numbered at just 4 following the rating downgrade of Berkshire Hathaway earlier in the year.  Amazingly, these companies and dozens of sovereigns are now rated higher than US Treasury Bonds following Fitch’s downgrade of US debt: The US Has Lost its AAA Credit Rating – Here’s What […]

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You Should NOT Be Losing Sleep Over This Market Crash

August 8, 2011

Markets are in turmoil and may well be for the foreseeable future.  Over the past few weeks, we’ve had the confluence of a burgeoning debt crisis in the Euro region with the impending debt ceiling deadline looming.  The deal the President and Congress agreed to was not digested well by global markets or by one […]

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US Loses Triple A Credit Rating – It’s About Time

August 5, 2011

S&P, one of the big three credit rating agencies, just dropped America’s AAA Credit Rating, a first in history.  I wonder if democrats and the talking heads on the cable news networks will now start referring to S&P employees as terrorists. Because after all, anyone who critiques America’s wildly reckless spending habits is a terrorist […]

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Fees that simply aren’t fair

August 4, 2011

For most people, everyday life is expensive enough, so being hit with unexpected charges is a unwelcome surprise that can tip the carefully balanced household finances. An increasing number of homes opt to use comparison websites, such as money supermarket in an effort to make their dollars stretch further, so being sidelined with an unexpected […]

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Debt Ceiling Vote Explained – What Media ISN’T Telling You

August 3, 2011

The debt ceiling vote was consummated on August 2, 2011 just in time to avoid a technical default on US government obligations.  I’ve been tracking this issue of the US hurtling toward bankruptcy for the entire year and this is a more current update to my initial post predicting how this whole charade would play […]

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