One of the most common questions regarding a Roth 401k is who is eligible to participate. Anyone whose employer offers this option is eligible, but many employers are concerned with the extra costs as…

President Barack Obama is pushing for a debt reduction package of USD 4 trillion, while the Republicans and Democrats are still in confrontation over raising taxes to compensate for the cost of increa…

Some U.S. states with huge budget deficits are considering new tax policies that could hurt in the long run. Many states have targeted tax increases on high-income earners, smokers and out-of-state bu…

Credit card interest rates went up in the second quarter to a nine-year high! The average interest rate on cards climbed to 14.7%, up from 13.1% last year.

This made a wide difference of 11.45 perc…

More people are being forced by economic hardship to withdraw from their 401(k) retirement saving plans. During the second quarter, 2.2% of all 401(k) participants made hardship withdrawals during the…

MarketWatch ran a story last week on pay raises for 2009. According to a survey conducted by Hewitt Associates, a human-resources consulting firm, the average pay raise in 2009 will be less the 3%. An…

I often hear or read about the US dollar being strong or weak versus other currencies, but I never really know what that means, why I should care, or how it affects me. Instead of wallowing in my igno…

One of the reasons it's so important to get your personal finance world in order is that you can only control so much. But, control what you can and the unexpected won't hurt as much. I'm …

Gene Epstein, economics editor for Barron's magazine, has written a new book called Econospinning that promises to reveal "how to read between the lines when the media manipulate the numbers&…

In a move sending ripples through the corporate world ford Motor Company announced that it will cut 25,000 to 30,000 jobs and idle 14 facilities by 2012 as part of a restructuring proposes to reverse…