News Archive

Home > Personal Finance News

Personal Finance News 03/2012



Personal Finance Topic #263 – Job Loss and Retirement – Part 5
When you take a lump sum distribution from IRA or 401(k), into a taxable account or into Roth IRA, you generally pay income tax. If you are 59 ½ or younger, an additional 10% penalty is levied. John and Mary are 58 and still working with combined ...

Broker Roundup Part 1 including Lloyds, RBS, Barclays, SQS, IAG, International ...
Broker Roundup Part 1 including Lloyds, RBS, Barclays, SQS, IAG, International ...

PERSONAL FINANCE: Values Vs. Value
(RTTNews.com) - In an interview with RTTNews, Mark Regier, Director of Stewardship Investing at Everence Financial, discusses the importance of evaluating non-financial risks as part of the investment process. "There really does not have to be a loss ...

Bankrate: Mortgage Rates Inch Lower
NEW YORK, March 1, 2012 /PRNewswire via COMTEX/ -- The average rate on the benchmark 30-year fixed mortgage rate dropped to 4.10 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 ...

Mortgage rate down to 3.90%
WASHINGTON — The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery. Mortgage buyer Freddie Mac ...

In Personal Finance on 3 March
Personal Finance considers this and other issues that affect how you finance your health care. * Claims about the failure to renew the short-term insurance ombudsman's contract to be investigated. * The major banks are losing the battle for the hearts ...

TD Bank boosts dividend even as net income falls, weakness in capital markets
However, the bank said it expects the operating environment to remain challenging with continued modest declines in margins and slowing personal loan growth, partially offset by good deposit growth. Income in its wealth and insurance division grew by ...

Credit union helps middle schoolers learn personal finance
CoVantage Credit Union is working with DC Everest Junior High School and John Muir Middle School to offer a savings program to students called Mad About Money. The main component of the program is Kidz Credit Union, a student-run, mini credit union ...

Thursday's Personal Finance Stories
By MarketWatch What could possibly go wrong? Well, despite the increasingly optimistic economic indicators and strength in equities, writes Robert Powell, investors need to hope for the best and prepare for the worst. He talks with several financial ...

Mortgage Rates: Low Mortgage Rates Remain Stable As Jobless Claims Drop
At this time, refinancing to a lower mortgage rate or shorter loan term is becoming more increasingly popular with existing borrowers who see the benefits of the current historical low mortgage rates. Today's FHA 30 year fixed mortgage interest rates ...

It's time to fix mortgage rate: Westpac
It pays to save. Compare the best credit cards, home loans, savings accounts and personal loans from all the major NZ banks and institutions in one place. Westpac economists have renewed their advice to home borrowers to fix their mortgage interest ...

State HMFA offering 3.75% mortgage rate: 30-year record low
The state Department of Community Affairs and the state Housing and Mortgage Finance Agency Thursday announced a new, fixed interest rate mortgage of 3.75 percent with a 30-year term and no points for qualified first-time homebuyers and Urban Target ...

Grateful Dead can teach valuable business, personal finance lesson
By Donna Gehrke-White, Sun Sentinel Nova Southeastern University Professor Barry Barnes tells his management classes the Grateful Dead can teach us a lot about business and personal finance. Barnes, 68, a former IBM and John Deere IT executive followed ...

Personal Finance Topic #271 – Dumbest things people do with money
Retaliatory Spending - You don't need it. You don't want it. A husband buys a “toy.” Wife retaliates by buying a foolish item, “just to get back at him”. Hanging On to Debt – This country has more than $14 trillion in debt, and this does not include ...

Personal Finance Topic #264 – Job Loss and Retirement – Part 6
Most investors use financial advisers to help invest their hard earned dollars to reach a retirement goal. Unemployed people are vulnerable to making a quick buck to compensate for the loss of income, so they like temptation of investing their money by ...

Mortgage rate falls on 30-year loans
WASHINGTON The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery. Mortgage buyer Freddie Mac ...

TD Bank profits fall to $1.48 billion in first-quarter
However, the bank said it expects the operating environment to remain challenging with continued modest declines in margins and slowing personal loan growth, partially offset by good deposit growth. Income in its wealth and insurance division grew by ...

Current Mortgage Rates Today – Bank of America Lowers Loans while Wells Fargo ...
Current Mortgage Rates Today – Bank of America Lowers Loans while Wells Fargo ...

RBS and Halifax SVR mortgage rate rise could affect millions
British people may have found their mortgage repayments easier to manage last year, a new study suggests. The bonus of 3.6m shares being awarded to Stephen Hester, the boss of 83% taxpayer-owned bank RBS, could be worth much more than £1million if the ...

Friday's Personal Finance Stories
By MarketWatch Gasoline prices have risen every day for the past 36 days. But you knew that, right? What you may not know is why and what the outlook is. Today in her Commodities Corner column, MarketWatch's Myra Saefong explains some of the reasons ...

Celebrate Read Across America Day With These 5 Personal Finance Books for Kids
Dr. Seuss books are undoubtedly more engaging than discussions about personal finance, but you certainly can't retire on green eggs and ham. The most recent data collected by the National Assessment of Adult Literacy (NAAL) found that over 20 percent ...

Mortgage rate rise to hit millions: Banks lining up to heap more misery on ...
Mortgage rate rise to hit millions: Banks lining up to heap more misery on ...

Income tax changes eliminate refunds for many Ontario residents
By Ellen Roseman Personal Finance Columnist Ontario residents with low to moderate incomes may get a nasty surprise when filing their 2011 tax returns. Their refunds are disappearing, thanks to a low-key provincial decision to stop giving lump sum tax ...

Uniastrum Bank Boosts Business Volumes in Saint Petersburg
In the first months of 2012, demand for Uniastrum's personal loan options grew substantially. So far this year the Bank's Saint Petersburg operation has disbursed 3.5-fold more personalloans than in the year-earlier period. In 2011 Uniastrum's Access ...

Prosper.com Brings Consistent, High-Yield 10.46% Returns to IRAs
In addition to credit scores, ratings and histories, investors can consider borrowers' personal loan descriptions, endorsements from friends, and community affiliations. Prosper.com handles the servicing of the loan on behalf of the matched borrowers ...

Santander launches account offering cashback on bills
Michael Ossei, personal finance expert at uSwitch.com,said: “Getting cashback for paying your essential bills sounds like a no-brainer and many cash-strapped consumers will jump at the chance of getting “money for nothing”. But there's a catch, ...

30-year mortgage rate down to 3.90 %
Learn who your representatives are with district maps and pages for each state and national delegate. The Associated Press The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest ...

30-year mortgage rate down to 3.90 %
AP The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery. Mortgage buyer Freddie Mac said ...

Money Watch: Pay off debt first or contribute to 401(k)?
Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisorsanswering reader questions about saving, protecting and growing your money. To submit a question, ...

Halifax May Raise Standard Variable Mortgage Rate, BBC Says
Halifax Group Ltd (HFX). may raise its standard variable mortgage rate starting May 1 to 3.99 percent because of the higher cost of raising money for mortgages, the British Broadcasting Corp. reported. The bank has written to customers to tell them it ...

Save 44 years of interest
While the average standard variable mortgage rate is now 0.45 of a percentage point lower than before the two rate cuts at the end of last year, the average credit card rate has fallen just 0.08 points, according to an exclusive analysis of 200 credit ...

Emirates Money offers chance to win gold
Emirates Money, a consumer finance company and subsidiary of Emirates NBD Group, has launched a new promotion that offers customers, with approved personal loan applications, a chance to win 100gms of gold each week. The ten-week promotion, ...

Homes.org Releases Mortgage Rates Update - How Manufacturing, Consumers and ...
Homes.org Releases Mortgage Rates Update - How Manufacturing, Consumers and ...

Are you a base rate winner? After three years stuck at 0.5%, we look at how ...
Are you a base rate winner? After three years stuck at 0.5%, we look at how ...

Expected Mortgage Rate Increase From Halifax
As from the 1 May there are expectations that the standard variable mortgage rate (SVR) being offered by the Halifax will increase as they have said that they have experienced higher costs in raising funds to provide mortgages from both financial ...

Halifax to increase mortgage rate
Halifax has become the second major lender in as many days to reveal hikes in mortgage costs, confirming it is raising its standard variable rate (SVR). Some 850000 borrowers will see their mortgage costs increase as the rate rises from 3.5% to 3.99% ...

Lloyds Bank's Halifax Unit Raises Standard Variable Mortgage Rate to 3.99%
Lloyds Bank Group Plc's Halifax (HFX) unit, the UK's largest mortgage lender, said today it is raising its standard variable rate by 0.49 percentage point to account for higher funding costs after the European debt crisis. “Following a review of our ...

Personal Finance: Popular tax credits set to end
After 2012, two married people are expected to have a lower deduction than single people, so a married couple could end up owing more tax than two singles with the same combined income, Meighan said. Gail MarksJarvis is a personal-finance columnist for ...

Fixed Mortgage Rates Move Lower After Last Week's Pricing Increase Announces ...
Fixed Mortgage Rates Move Lower After Last Week's Pricing Increase Announces ...

Probe into whether insurers hampered ombud's work
The claims made by Martin and denied by the industry were published in Personal Finance earlier this year after the board of the Ombudsman for Short-term Insurance (Osti) decided not to take the option to renew Martin's contract for a further five ...

Your bank's losing you but doesn't seem to care
Sixty-two percent of those subscribers gave the bank's personal loan a four-star rating out of five. “Subscribers highlighted the low interest rate, flexible instalments and quick pay-out process,” he says. Mountain says Thinkmoney's research doesn't ...

Govt to cut your medical top-up and gap cover
The regulations were published too late yesterday for Personal Finance to get insurers' comments. Draft regulations under the insurance laws published yesterday are the latest move in an attempt over many years to draw a line between the business of a ...

30-year mortgage rate falls to 3.9 percent
30-year mortgage rate falls again to near-record lows. Fixed 30-year mortgage rates have stayed below 4 percent for 13 weeks in a row. By Derek Kravitz, AP Economics Writer / March 4, 2012 This February file photo shows a for sale sign in front of a ...

Personal Finance this weekend
Jonathan Chevreau takes a hard look at how credit cards can be a curse when finances get tough. Garry Marr has a new plan for the March break — stay home and save some money! Andrew Allentuck brings you a financial plan for a charitable family looking ...

Interest rates at record low for three years
By Kevin Peachey Personal finance reporter, BBC News When interest rates were cut to the lowest level on record, the head of the Building Societies Association called it a "kick in the teeth" for savers. Now, three years on, these same savers may feel ...

Personal Finance Topic #266 – Job Loss and Retirement – Part 8
Workers 62 and older who lost his employment or whose income has dropped substantially start thinking about supplementing his income by requesting Social Security payout before he reaches his Full Retirement Age (FRA). This could mean a substantial cut ...

What the great credit card con could cost you
While the average standard variable mortgage rate is now 0.45 of a percentage point lower than before the two rate cuts at the end of last year, the average credit card rate has fallen just 0.08 points, according to an exclusive analysis of 200 credit ...

Customers ready to quit Halifax over mortgage rate increase
By Sean Poulter Halifax faces a mass customer exodus after announcing an increase in the mortgage rate for 850000 families that will cost them hundreds of pounds a year. The bank is increasing its standard variable rate from 3.5 per cent to 3.99 per ...

Dave Ramsey Foundations in Personal Finance: College Edition
What: Dave Ramsey will lead a financial program designed to help students with savings, budgets, debt management and other financial topics. Students can register at http://www.unl.edu/smmc/sessionsbootcamp.shtml. Be the first to comment on this ...

Mortgages backed by NJ fall to 3.75%
BY KATHLEEN LYNN Low- and moderate-income first-time home buyers can get fixed, 30-year mortgages at 3.75 percent through the state Housing and Mortgage Finance Agency, the agency said last week. That's a reduction from the previous rate of 4.25 ...



About Us | Links | Sitemap
© Copyright 1ClickMoney.com. All rights reserved.