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Personal Finance





TOP NATIONAL STORY  

   Teaching people financing basics
Do Americans know enough about personal finance? Of course not. No need to belabor the point: Studies show that most people fail quizzes on basic questions about how to plan, save, invest and spend.


WHAT'S INSIDE  

Investing
The latest news and information to help you invest successfully.
Stock Options
Mutual Funds
Retirement Planning
Estate Planning
Credit & Debt Management
Get the most from your credit and debt.
Loans
Education Planning
Mortgages
Bankruptcy
Taxes
How to prepare for - and get through - tax time.
Insurance
Find the policy that's right for you.
Online Banking
How it works and who's doing it.

HEADLINES  

Teaching people financing basics
Do Americans know enough about personal finance? Of course not. No need to belabor the point: Studies show that most people fail quizzes on basic questions about how to plan, save, invest and spend.

Some assets can siphon wealth
Did you know that there are more than 35,000 self-storage facilities in this country? Americans have so much stuff that our houses and garages are overflowing to the point that we have to rent extra space. I know someone who rented space in a self-storage facility because she ran out of closets to hang her clothes.

Making the case for being frugal
I was recently offering some financial advice to a retired woman with more than $1 million in assets when she asked me if I thought it would be OK for her to buy a new couch.

Online retirement planning tools more sophisticated, valuable now
Can you go online and truly plan your retirement? No, not every single detail. But you will find some very helpful tools that allow you to outline your financial future, whether you plan on retiring 10, 20 or 30 years from now.

Personal-finance software spiffed up but not upgraded
The 2003 models of the leading personal-finance software already have hit the store shelves, but don't expect any of the excitement you get when new cars hit the showroom in the fall.

Panic will get your 401(k) nowhere
Watching a fall-out like we've witnessed on Wall Street is never easy. But the real pain will be when you actually open your mutual fund or 401(k) statements.

How much protection does FDIC provide?
Given the continuing gyrations of the stock market, many people are grabbing their money and fleeing to the safety of bank deposit accounts.




QUESTIONS AND ANSWERS  
Hunt for college aid takes diligence
Q. My daughter is a high school senior and has begun the daunting task of applying for college scholarships. Where can I get information on scholarships that aren't well known, and what's the best way to approach this task?
Keep those charge card accounts open
Q. In preparation for getting a mortgage, I recently closed three credit card accounts that I'd opened more than 10 years ago but hadn't used much lately. Everybody I talked to told me these unused accounts should be closed as a way of improving my credit score, because otherwise it would look like I had too much available credit. But recently you wrote that closing accounts is a bad idea. Who's right?
Nothing wrong with saving some of it
Q:My husband recently passed away and our two minor children are receiving monthly survivor benefits. I am fortunate that my income allows me to save part of the benefits for their future. But I've been told that if I save the money that isn't used, Social Security will adjust their benefit amount. Is this true? --L.T. Cuyahoga Falls

SPECIAL REPORT: NET WORTH  


   Market downturn forces online investors, brokerages to adapt
Recent years have seen stock trading, banking, credit card applications, insurance and loan shopping gain major footholds with Internet users. But online investing, which roared into the new century as a killer application for the Internet, lately has slumped like a dog on the Dow.

RELATED LINKS:
Banks compete for online customers
More people finding mortgages online
Web tools can help users outline their retirement
Market downturn forces online investors, brokerages to adapt




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