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- 401(k) savings: Huge plus, even when retiring at 45401(k) savings defer taxes and can fund second retirement phase for high earner who wants to retire at 45. See question No. 2 in the reader mailbag for 401(k) discussion.聽
Ferrari damages ancient wall in China. Tire marks. Red faces.Ferrari damages ancient wall in ill-conceived PR stunt. After the Ferrari damages ancient wall in Nanjing, Italian carmaker apologizes. Chinese unable to remove burnt rubber residue.- How Green Mountain stock plunge triggered chairman's ousterGreen Mountain Coffee ousted its founder as chairman after he sold company stock during a blackout period. Founder says he was blindsided by sudden fall of Green Mountain Coffee stock.
- Health-care costs per retired couple: $240,000Health-care bills were expected to rise more slowly after the passage of Obama's health-care program, according to Fidelity's projection last year. Now, costs are rising again.
10 great summer carsWind in your hair, sun in your face 鈥 the summer drive is as classic a pastime as barbecues and baseball. For dedicated sun-seekers, the right machine can make all the difference, and since most of us can鈥檛 afford the demi-convertible Maybach Landaulet limousine, here are 10 fun-loving new models sure to keep a summer smile on your face. Climb into one of these this season, and you鈥檒l be happy to keep driving duties for yourself.
Stocks slide as doubts about Europe simmerStocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 鈥 its sixth consecutive day of losses.
Vidal Sassoon remembered for pioneering women's hairstylesVidal Sassoon, who passed away Wednesday, was a veteran of Israel's 1948 war for independence and opened hair salons and styling academies on both sides of the Atlantic Ocean.
What is medicare 'double counting,' and why are budget experts fighting over it?A new study of the Affordable Care Act finds peculiar Medicare budgeting practices, including counting spending cuts and revenue increases twice. It's causing a stir among budget experts.
Mortgage rates inch down to 3.91 percentThe average rate for a 30 year fixed rate mortgage declined 1 basis point to 3.91 percent since last week while the purchase application volume increased 3.4 percent and the refinance application increased 1.3 percent over the same period.
Russian plane goes missing in Indonesia, dealing blow to aviation industryThe late-model Russian Sukhoi SuperJet-100 was meant to revive Russia's aging and accident-prone airplane fleet. It disappeared on a demonstration flight.
Food stamp use continues to riseIn February, 123,385 recipients were removed from the food stamps program with the current total still increasing 4.81 percent on a year-over-year basis while household participation increased 6.56 percent.
How to actually get credit card rewardsIt's easy to miss out on credit card rewards, or get into a routine. Here's how you can find cards where the rewards actually do work for you.聽
With European elections, is austerity in the US doomed?It's easy to look at European elections in France, Greece, Spain, Portugal, Italy, and Denmark and see a massive rejection of fiscal austerity. Is that accurate, and what does it mean for proponents of austerity in the US?- Self-driving car: Google gets a licenseSelf-driving car is now legal in Nevada, as Google gets license plate for an autonomous Toyota Prius. Nevada is first state to allow self-driving cars on the road.
- Credit card fraud case: $1.5 million. 38,000 people. On appeal.Credit card fraud scheme said to be one of the biggest in US history. Convicted ringleader appeals credit card fraud case.
- Buying a car, college grad? Don鈥檛 forget the rebates.Most major automakers offer discounts to college grads. All college grads need to do is read the fine print.聽
Will austerity come to the US?The United States may be headed for the same belt-tightening austerity that has caused an uproar across Europe. Done right, it could actually work.
Stocks tumble on Europe turmoilPolitical uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States. The Dow lost 76 points close at 12932 after falling as much as 200 points earlier in the day.- Pet food recall 2012 now includes 39 statesPet food recall 2012 involves brands including Kirkland, Premium Edge, and Diamond Naturals, manufactured by Diamond Pet Foods. The biggest pet food recall 2012 has been expanded multiple times since April. Counting additional recalls by separate brands manufactured in the Diamond Pet Foods facility, affected dog food has been sold in 39 states.
Radar logic: Housing prices are droppingAs of early March, prices have declined 2.71 percent聽 below the level seen in March 2011.
