Friday November 14, 6:23 pm ET
Wall Street ends turbulent week sharply lower
NEW YORK (AP) -- Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. Hedge fund selling in advance of a Saturday deadline contributed to the market's gyrations, which set back the Dow Jones industrials almost 340 points to 8,497.31 and helped the major indexes fall sharply for the second straight week.
Jumat, 14 November 2008
Kamis, 13 November 2008
Loan calculator and amortization
Calculate your payment and more
alculate your monthly payment for mortgage, auto or home equity loans. Click on the "?" next to the input box for an item to get help on that item.
Visit on http://results.myhpf.co.uk/framedresults.asp?Keyword=loan
alculate your monthly payment for mortgage, auto or home equity loans. Click on the "?" next to the input box for an item to get help on that item.
Visit on http://results.myhpf.co.uk/framedresults.asp?Keyword=loan
Selasa, 04 November 2008
Help on loans, budgets, investments, more
By Jean Chatzky
TODAYShow.com contributor
Q: Should I pull out my money from my employer's 401(k) retirement account now? I want to retire in four years. I am over 59, and will put the money in a money market paying 5.53 percent at my credit union. — Phyllis, Calif.
A: If you don't need the money for daily living, then no, don't pull it out of your 401(k), where it is protected and can grow tax deferred. What I think you are saying is that you want to move the money to a safe place — there is a lot of confusion over this. People think that a 401(k) or an IRA is synonymous with stocks, but it's just the basket for your contributions — you can invest the money any way you like. At your age, you should only have about 40 percent of the money in stocks. The rest can be in safer places, and you can move it to the money market option within your 401(k).
Q: My son just graduated with his master's and now owes tens of thousands of dollars in government student loans. Should he consolidate these loans? If so, should he consolidate by loan type? Or should he just lump them all together? — Donna, Del.
A: Donna, whether your son should consolidate has to do with the type of loan that he actually has. Federal Stafford and PLUS loans borrowed before July 1, 2006, are variable rate, meaning that the interest rates reset each year. Loans borrowed after July 1, 2006, are fixed-rate. The interest rates on those don't change.
The benefit of consolidating federal loans is that you can lock in the interest rates on those variable rate loans, and right now, interest rates are very, very low. So if your son's loans are variable, he'll probably save some money by consolidating and locking in today's rates. Lumping them together also makes things a bit easier on the administrative front, because he can pay one bill each month and be done with it. Many lenders have ducked out of the federal loan consolidation market, so the best place to consolidate is the Federal Direct Loan Consolidation program at loanconsolidation.ed.gov. One thing to note: Private student loans can't be consolidated with federal loans.
for more visit http://www.msnbc.msn.com/id/27198870/
TODAYShow.com contributor
Q: Should I pull out my money from my employer's 401(k) retirement account now? I want to retire in four years. I am over 59, and will put the money in a money market paying 5.53 percent at my credit union. — Phyllis, Calif.
A: If you don't need the money for daily living, then no, don't pull it out of your 401(k), where it is protected and can grow tax deferred. What I think you are saying is that you want to move the money to a safe place — there is a lot of confusion over this. People think that a 401(k) or an IRA is synonymous with stocks, but it's just the basket for your contributions — you can invest the money any way you like. At your age, you should only have about 40 percent of the money in stocks. The rest can be in safer places, and you can move it to the money market option within your 401(k).
Q: My son just graduated with his master's and now owes tens of thousands of dollars in government student loans. Should he consolidate these loans? If so, should he consolidate by loan type? Or should he just lump them all together? — Donna, Del.
A: Donna, whether your son should consolidate has to do with the type of loan that he actually has. Federal Stafford and PLUS loans borrowed before July 1, 2006, are variable rate, meaning that the interest rates reset each year. Loans borrowed after July 1, 2006, are fixed-rate. The interest rates on those don't change.
The benefit of consolidating federal loans is that you can lock in the interest rates on those variable rate loans, and right now, interest rates are very, very low. So if your son's loans are variable, he'll probably save some money by consolidating and locking in today's rates. Lumping them together also makes things a bit easier on the administrative front, because he can pay one bill each month and be done with it. Many lenders have ducked out of the federal loan consolidation market, so the best place to consolidate is the Federal Direct Loan Consolidation program at loanconsolidation.ed.gov. One thing to note: Private student loans can't be consolidated with federal loans.
for more visit http://www.msnbc.msn.com/id/27198870/
Minggu, 02 November 2008
Mich. lawmakers want federal help on car loans
WASHINGTON - Michigan lawmakers asked the government on Thursday to make it easier for car buyers to get loans, in hopes of helping U.S. automakers ride out the financial crisis.
The state’s congressional delegation want Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to use their powers under the $700 billion bailout to buy troubled assets quickly from auto finance companies.
Democratic Rep. John Dingell also said automakers were considering asking the Fed for access to a program that provides low-cost credit. from http://www.msnbc.msn.com
The state’s congressional delegation want Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to use their powers under the $700 billion bailout to buy troubled assets quickly from auto finance companies.
Democratic Rep. John Dingell also said automakers were considering asking the Fed for access to a program that provides low-cost credit. from http://www.msnbc.msn.com
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