A columnist from USA Today recently answered a concerned investor’s question: should retirees move all their investments into low-risk bonds immediately upon retiring?
The answer, perhaps not surprisingly, is complicated, and depends on whether retirees have a 401(k) account, how much they plan to take out, and whether they have other assets to help them meet [...]

The housing settlement recently announced by the federal government should make it easier some homeowners to modify their mortgages and escape home foreclosure, but consumer advocates say it won’t help everyone recover their losses.
The settlement will provide payments of between $1,500 and $2,000 to people who have already lost their homes due to foreclosure, but [...]

Gary Busey, star of several Hollywood films and recent contestant on Donald Trump’s “Celebrity Apprentice,” is filing for bankruptcy in Los Angeles, according to a recent report from the Los Angeles Times.
Busey, whose film credits include notable movies such as “Point Break” and “Lethal Weapon,” has been known more for his bizarre behavior over the [...]

The unemployment rate in the United States fell to 8.3 percent this January, which represents the lowest jobless figure since early 2009, according to a promising economic report from The New York Times.
The news comes as a welcome surprise for economic experts who expected the jobless rate to remain stagnant for the foreseeable future.
With the [...]

Retirement presents numerous financial traps for retirees, particularly in the wake of the recent stock market collapse that destroyed the retirement nest eggs for millions of Americans.
Of course, for seniors in serious debt, learning more about what bankruptcy is could provide information about seeking debt relief through the bankruptcy system.
Beyond bankruptcy, though, there are seven [...]

The redemptive benefits of bankruptcy for individuals who use it wisely are viewed by many as a positive force for the American economy. Allowing individuals to discharge debts in bankruptcy gives them an opportunity for a second financial chance.
Companies in the United States, however, may see even bigger benefits from bankruptcy than individual consumers, according [...]

The mad scientists in Bank of America’s consumer goodies division have cooked up a new treat in an effort to entice more consumers to take their business to the giant bank.
Bank of America, the country’s largest lender of credit cards, recently announced its intentions to offer a social couponing service for its credit card customers. [...]