20 May 2012 Last updated at 02:09 ET Please turn on JavaScript. Media requires JavaScript to play. President Obama: “All the leaders here today agreed growth and jobs must be our top priority” US President Barack Obama has [ Read More ]
(Money Magazine) — We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y. You mean besides thank your lucky stars? Seriously, an extra $100,000 could very well be enough to significantly improve your prospects for a secure and enjoyable retirement. On the other hand, it’s not so large a sum that you can afford to be cavalier about how you manage and spend it. Your first step: [ Read More ]
SACRAMENTO — Would we all have been better off during the recession if we’d been a bit more money-educated? Most likely, yes. Or at least more confident about understanding things like good loans, bad mortgages, saving more and getting less into debt. That’s the belief of many personal finance experts. And it’s not just the pros. Everyday consumers are well aware that they need some financial prowess. Some 42 percent of adults gave themselves harsh [ Read More ]
Q: I am 57 and semi-retired. I recently inherited about $250,000 and I want to use some of the money now and make the most of the rest of it. What’s a good investment? I have a high tolerance for risk. A: This is a very common question and has a very common answer. “It depends.” STORY: How to get the most from an unexpected inheritance A good investment is determined by considering several factors. [ Read More ]
(Money Magazine) — We are retirement age and expect a windfall of $100,000. What should we do? — Debbie, Jamestown, N.Y. You mean besides thank your lucky stars? Seriously, an extra $100,000 could very well be enough to significantly improve your prospects for a secure and enjoyable retirement. On the other hand, it’s not so large a sum that you can afford to be cavalier about how you manage and spend it. Your first step: [ Read More ]
My husband and I set up Roth IRAs early in our careers, but quickly reached above the salary maximum, so we can’t fund these accounts. We are now left with two accounts with high fees and low performance. Do we have any rollover opportunities into alternate account types that would allow us to continue to build the assets or are we better off taking the 10% penalty and just cashing them out? – Name withheld [ Read More ]
Take a look inside New York’s most expensive penthouse by clicking on the picture above. NEW YORK (CNNMoney) — An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building’s developer. The seller, the Extell Development Co., had been asking $98.5 million for the 10,923 square-foot condominium. Gary Barnett, Extell’s president, wouldn’t confirm the exact price the condominium went [ Read More ]
NEW YORK (CNNMoney) — Like so many Americans across the nation, Julie Clark commutes to work. But she doesn’t drive, walk or even take a bus or train. Instead, she flies a plane. Clark, an air show performer and retired airline captain, lives 30 miles east of Sacramento, Calif., in a neighborhood where airplanes have the right of way. At Cameron Airpark Estates, hangars replace garages and roads are 75-feet wide to allow for airplane [ Read More ]
NEW YORK (CNNMoney) — Like so many Americans across the nation, Julie Clark commutes to work. But she doesn’t drive, walk or even take a bus or train. Instead, she flies a plane. Clark, an air show performer and retired airline captain, lives 30 miles east of Sacramento, Calif., in a neighborhood where airplanes have the right of way. At Cameron Airpark Estates, hangars replace garages and roads are 75-feet wide to allow for airplane [ Read More ]
18 May 2012 Last updated at 09:50 ET Continue reading the main story European markets suffered a jittery session on Friday as concern continued over Greece and Spain. Spain’s main index recovered after losing more than 2% early on. Some investors moved money into German bonds, which are seen as low-risk. The oil price also fell, reflecting worries about the global economy. Confidence [ Read More ]
