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Category: financial rescue plan

Planning for retirement: Why you’ll need recurring income

Planning for retirement: Why you’ll need recurring income

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For years, most people planning for retirement have heard about the wisdom of contributing to a 401(k) or similar plan. But as the financial crisis turned into a full-blown recession, everybody saw their investment accounts shrink. photo credit: nick farnhill Plans like the 401(k) let people contribute pre-tax dollars into an investment account that is expected to increase in value over time. But now the financial situation has gotten so bad that Time magazine’s Oct. 19 cover story says it’s…

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Financial bailout rescue plan – Find your own way out

Financial bailout rescue plan – Find your own way out

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Even the most optimistic investor is antsy today after the U.S. House of Representatives voted down a $700 billion financial bailout rescue plan for the nation’s financial sector. Some are even worried about the possibility of another Great Depression. The stock market had its biggest single drop in history, even bigger than the decline after 9-11. Since nearly everyone has money invested with some connection to market, the reason for concern is evident. Most folks can only watch as their…

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