Roth Ira – the better choice

roth iraWe study. We attain a degree. We earn. We spend. We save. Not necessarily in that order but there comes a time when you think now what? Worries about life after retirement seep in. They begin first as glimpses and manifest into nightmares. Given the spendthrift nature of an average person in this contemporary world and the ever expanding needs of man, retirement plans are a force to be reckoned with. Once this thought occurs, cometh the Herculean task of choosing the right plan. Read more…

Tags: Roth Ira

Links for 2011-10-23

Dave Altig and Patrick Higgins at the Federal Reserve Bank of Atlanta have raised their estimate of 2011:Q3 real GDP growth from 1.4% as of the beginning of September to 3.2% currently.

Enterprise Products Partners and Enbridge Inc. announced plans to build a new pipeline from oversupplied Cushing, Oklahoma to the Gulf Coast (hat tip: Jim Brown).

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Changing money abroad: what you should consider

When you travel abroad you often need to change money unexpectedly. There are several ways to do it such as going to the bank or using online services. One of the best such services is Caxton currency exchange. All the available options have different pros and cons, so let’s look closer what variants you have.

If you are a conservative person you can decide that banks are the best available choice in such a situation. Of course, banks are solid and trustworthy, but the exchange rates can be inappropriate. And you are not able to use banks at any point of time.

Debit and credit cards are very useful when you need to change currency. T Read more…

Usury Laws, Anyone?

Every so often, talk of curbing excessive lending practices by instituting usury laws at a federal level resurfaces, and speeches are made, hearings are held and editorials are written, but nothing ever comes of it. This begs a couple of questions: For starters, what are usury laws exactly, and—perhaps more importantly—do we need them?

Usury laws are those that prevent high interest rates, and as a result typically garner popular support, especially in times such as these when the economy is fledgling and anger toward financial institutions is running high. How

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A Look Inside Gadhafi’s Portfolio

With Moammar Gadhafi dead, and his regime toppled, now the real grab for money and power can begin. Libya, and by proxy its dictator, owned vast assets within the African nation, including its oil industry and airline, as well as billions of dollars in foreign holdings, some of which is believed to be stashed away in hidden accounts under false names.

Libya’s foreign investments are estimated to be worth as much as $168 billion, nearly 20% of which may have been held in U.S. institutions, money laundering experts say. The U.S. government froze many assets when NATO operations began in Libya this spring. And though some has been released to the National Transitional Council, which vowed to wait until Gadhafi was gone to begin building a new government, much will remain here for the time being.

“The looting mentality will kick in,” says Hugh Jones, CEO of Accuity, an expert on anti-money-laundering efforts.

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New York Combative Sports Bond


New York legislators have implemented a new bill concerning combative sports. The new bill, which is titled SB 2811, requires individuals conducting combative sports matches to acquire a surety bond to guarantee that they follow state regulations. The specific bond amount is not yet established.

Can Banks Sue You for Unpaid Credit Card Debts?

A lot people ask whether their credit card companies have the authority to sue them if for any case they missed their credit card payment. Most people believe that creditors cannot but the truth is, they just refuse to do it because it is time consuming and expensive. So creditors oftentimes sell your account to a third party collector agency or just offer debtors settlement.

But still it remains a fact that if your creditor choose to do it, they legally can. Some creditors do this especially if you have a bank account, if you are joint bank account and sometimes if they feel like you are just running away from all your credit card debts. But they can only sue you if your Statue of Limitations (SOL) has not yet expired. The SOL varies from state to state. Read more…

Trade Recommendations for Wed. Sept. 7th

Hello All, Following zero jobs growth on Friday, the big news of the day was the SNB pegging it’s currency maintaining a bid above 1.20 vs. the Euro.  Everybody is watching developments out of Europe, there are negotiations with respect to proper collateral for a Greek bailout, and Italy is to vote on austerity measures amid a strike.  The Euro breached key support at the 1.40 marker and will most likely attempt a test of the previous low around 1.38 on the current leg.  On the energy front, oil was weak on the heels of bad employment data, but surprisingly ended the day strong.  Overall, a lot of mixed signals on the day, and although Gold had a setback in reaction to the SNB move, the U.S. 10 yr yield hit a new low at 1.91% and in my opinion is the true barometer for our economic health.  The Read more…