“Personal finance: 5 steps to the right retirement path ... - Reno Gazette” plus 3 more |
- Personal finance: 5 steps to the right retirement path ... - Reno Gazette
- Inquiries Up For KSU's Personal Finance Program - WIBW
- ConsumerFinanceReport.com Announces Site Enhancement ... - PRLog (free press release)
- PRESS RELEASE: Fitch Affirms Domos 5 - NASDAQ
| Personal finance: 5 steps to the right retirement path ... - Reno Gazette Posted: 29 Mar 2010 07:20 AM PDT The recession and stock market meltdown pretty much shattered Americans' image of an idyllic retirement. Shaky savings habits evident before personal wealth plunged are even more obvious coming out of the recession: 54 percent of workers have never tried to calculate how much money they will need for retirement, according to a survey released this month by the nonprofit Employee Benefit Research Institute. Even among workers 55 and older, 47 percent still haven't done the math. Further, about 27 percent of workers surveyed say they have less than $1,000 in savings, and more than half of workers surveyed say that the total value of their household's savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000. If you're 25 Make a budget: Download step-by-step instructions at SmartAboutMoney.org or use the home budget calculator at MindYourFinances.com. Don't have sufficient cash to cover expenses and savings? You have two options: Slice spending or increase income by working more hours or getting a second job. It's easier to work extra hours before you have family obligations. Saving 15 percent for retirement annually is a good goal to shoot for. People who set a goal are more likely to reach that goal, said Ken McDonnell, program director for the American Savings Education Council. Make the match: If your employer offers to match contributions to your pretax retirement account, contribute enough to get that match. If you don't, you're passing up free money, something no one would do under any other circumstance, said Jordan Amin, financial literacy chair for the American Institute of Certified Public Accountants. If you're 45 Plan ahead: Begin looking at long-term care insurance and other insurance coverage befitting your needs. Long-term care policies get pricier as you age, and you may be better off locking in a lower price now. Also, make certain you have sufficient life insurance. Rebalance your assets: If you're still investing like a 25-year-old, shift some of those investments to less-volatile fixed-income funds, Amin says. If you haven't been a good saver, he says, you might have to sacrifice more now and invest slightly less conservatively. In either case, you should have a higher percentage of your assets in fixed-income funds than you had when you were 25. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| Inquiries Up For KSU's Personal Finance Program - WIBW Posted: 29 Mar 2010 04:28 AM PDT MANHATTAN, Kansas - Kansas State University's new distance-based doctorate program in personal financial planning is in demand. The new program, launched in summer 2009, is receiving inquiries and applications on a daily basis, with much of the interest stemming from a desire to obtain the research skills to help others make better daily household financial decisions, according to program organizers. "We've seen a very strong interest in the program from financial services practitioners, graduate students and others who are looking for a way to pursue an advanced degree without having to sacrifice their career and family life," said John Grable, K-State professor of personal financial planning. "The demand for the doctorate indicates the respect the financial planning community has for K-State." Though most course work is conducted online, organizers call the program a hybrid because students come to campus for an intense 10-day course in the summer. The fourth summer of the program, students travel abroad to see firsthand how global markets work and how they affect financial planning in the United States and worldwide. The arrangement enables students to earn their doctorate in as little as five years. "This method of course delivery meets the special needs of adult learners at various stages in their career and family life," said Kristy Archuleta, K-State assistant professor of personal financial planning. The degree fulfills the educational requirement for designation as a registered financial consultant, registered financial associate, certified retirement counselor or accredited financial counselor. The program also is registered with the Certified Financial Planner Board of Standards Inc., which allows graduates to take the national Certified Financial Planner examination. The program's first group had nine students from across the U.S. The second cohort of students will begin studies in August. More information on the program, which is part of K-State's School of Family Studies and Human Services, is available at http://www.ipfp.k-state.edu/programs/doctoral/ Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| ConsumerFinanceReport.com Announces Site Enhancement ... - PRLog (free press release) Posted: 29 Mar 2010 11:31 AM PDT Links to the new set of tools can be found on the home page or by going directly to the site's Mortgage Refinancing section at http://www.consumerfinancereport.com/ The mortgage payment calculator tools, http://www.consumerfinancereport.com/ The "refinance" Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |
| PRESS RELEASE: Fitch Affirms Domos 5 - NASDAQ Posted: 29 Mar 2010 08:32 AM PDT
| Fitch Ratings-London/Paris-29 March 2010: Fitch Ratings, London/Paris, 29 March 2010: Fitch Ratings has today affirmed Domos 5 Fond Commun De Creances's class A5 and B notes as follows: Class A5 (ISIN FR0000504037): affirmed at 'AAA'; Outlook Stable; assigned Loss Severity (LS) rating of 'LS-1'Class B (ISIN FR0000504045): affirmed at 'AA'; Outlook Stable; assigned 'LS-1' The affirmation of the ratings reflects a satisfactory performance review of the transaction which contains a portfolio of residential mortgage loans originated and serviced by BNP Paribas Personal Finance (which previously operated as Union de Credit pour le Batiment, UCB), a subsidiary of BNP Paribas Group. Loans in arrears by more than three months, as of the February 2010 investor report, have been calculated as 0.29% of the current outstanding balance, whereas cumulative defaults have been calculated as 0.42% of the initial pool balance. Defaults are defined by the transaction documents as unpaid instalments equal or greater than ten months. The current performance is well within Fitch's expectations with respect to the pool's default levels. The transaction features soft bullet notes, according to which the payments on the notes are made on a scheduled date from the cash accumulated account. The scheduled date is set for February 2011. The current balance of the capital accumulated is currently EUR157.7m, representing 70.05% of that required. If the amounts accumulated by February 2011 are not sufficient to cover the bullet payments, the issuer will have two options: either BNP Paribas Personal Finance would grant a liquidity facility to meet the scheduled repayment date or a deferred amortisation event will occur, which would result in a pro-rata amortisation of the notes on a monthly basis. Fitch has no concern with regards to either solution, as neither would result in increased credit risk to note- holders. The ratings address repayment of principal by the final maturity date of 30 June 2024. Due to lower mortgage payment collections, which are related to the reduction of the interest rate in the last 12 months, the transaction has experienced a decrease in the monthly solvency margin. In the event that the adjusted solvency margin for a reference month is less than zero, an accelerated amortisation event will occur. Fitch has noted this concern and the potential impact it could have in reducing excess spread to BNP Paribas and BNP has confirmed that according to the Guaranteed Investment Contract, the necessary amount to make the adjusted solvency amount nil would be added by the BNP Paribas Personal Finance swap counterparty in order to avoid an accelerated event. Fitch employed its credit cover multiple methodology under its EMEA RMBS Surveillance Criteria to assess the level of credit support available to each class of notes. Further commentary and performance data on the transaction are available atwww.fitchratings.com. Applicable criteria 'EMEA RMBS Surveillance Criteria,' dated 9 April, 2009 and 'Global Structured Finance Rating Criteria', dated 30 September, 2009 are available at www.fitchratings.com. EMEA Structured Finance Snapshot:Further information on Fitch's EMEA structured finance offering can be found in "EMEAStructured Finance Snapshot", which is available at www.fitchratings.com. The Snapshotconsolidates and highlights the key research and commentary produced by the agency's EMEAstructured finance group and includes previously unpublished Fitch data and multimedia content that will be updated each quarter. Contacts: Mirella Tinti, London, Tel: +44 (0) 20 7682 7244; Emmanuelle Ricordeau, +33 (0) 1 44 29 91 49, Natalia Bourin, Paris, Tel: +33 (0) 1 44 29 91 76. Media Relations: Julian Dennison, London, Tel: +44 020 7682 7480, Email: julian.dennison@fitchratings.com. Additional information is available at www.fitchratings.com. Related Research: EMEA RMBS Surveillance Criteriahttp://www.fitchratings.com/ creditdesk/reports/report_frame.cfm?rpt_id=432236Global Structured Finance Rating Criteriahttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm? rpt_id=469406EMEA Structured Finance Snapshot - February 2010 (Multimedia) - Amendedhttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id= 501670 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP:// FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. (END) Dow Jones Newswires 03-29-101134ET Copyright (c) 2010 Dow Jones & Company, Inc. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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