Personal Finance Advice and Commentary

Thursday, September 01, 2011 2:00 pm
By Jennie L. Phipps ·

I’m enamored with economic and political guru Dean Baker’s new book, “The End of Loser Liberalism.” In it, he advocates for — among many other things — letting all of us save for retirement in the federal Thrift Savings Plan, or TSP, which is the government’s answer to 401(k)s. Baker points out that 401(k) management

Friday, July 29, 2011 4:14 pm
By Barbara Whelehan ·

Pensions have been in the news a lot lately, from reports about lackadaisical planning to the continued erosion of defined benefit plans to the prospect of federal pensions being entangled in the debt ceiling/budget-cutting drama in Washington. On the lighter side, Fidelity Investments released a survey this week highlighting the problem of ignorance among pension

Tuesday, April 26, 2011 4:19 pm
By Jennie L. Phipps ·

Here’s more bad retirement planning news for public employees and for retirees in general, especially those invested in municipal bonds. The nonprofit Pew Center on the States released a report this morning that said the gap between the retirement and health care benefits that states have promised their employees and the amount that they have

Tuesday, April 12, 2011 9:58 am
By Marcie Geffner ·

Recipients of certain federal government benefits should soon get some additional protection from creditors who want to seize the direct-deposited funds for repayment of debt. Federal law already prohibits creditors from taking government benefits out of checking accounts to satisfy unpaid debts. However, creditors have used court orders to freeze the accounts so that the