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The Perils of Timing the Mortgage Market

PBNR, February 2009–Mortgage interest rates are finally coming down thanks to a number of actions by the Federal Housing Finance Agency (FHFA), the Treasury Department, and the Federal Reserve (Fed). At the time of this writing (early January), Freddie Mac...

Identity Thieves, Including Family Members, Target Kids

PBNR, February 2009–(MCT)-Financial educator Cynthia Nevels would rather not see one subject that’s been appearing in some of her students’ essays: theft of their identity by a parent. And sadly, it’s been appearing with regularity, said...

Avoid Short-Term Moves in Your 401(K) That You Might Regret

PBNR, February 2009–(MCT)-If you’ve mustered up the nerve to look at your 401(k) statement lately, the word shocked is an understatement. Millions of American workers lost an average of 27 percent of their 401(k) retirement savings in 2008, according to a...

Putting It in the Bank: Saving Is Back in Vogue

PBNR, February 2009–(MCT)-When the stock markets and housing values were soaring, certified financial planner James Bryan would plead with clients to set aside six months worth of take-home pay just in case of a job loss or a major home repair. “I had that...

Housing Crisis Needs Solutions, Not Scapegoats

PBNR, February 2009–(MCT)-I am being inundated by opinions on the housing crisis. They fall into two categories: assigning blame and criticizing others’ proposals without offering alternatives. Fingerpointing and scapegoating are counterproductive. Instead...
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