Q For 16 years, my wife and I entrusted an independent financial adviser to manage our mutual fund portfolio, which...
Updated: September 10, 2011, - 10:23 PM
Ah, the State Fair. A Pronto Pup, chocolate chip cookies, and the DNR's fish pond all sampled before heading to the Star Tribune booth Tuesday afternoon to talk personal finance.
Updated: September 03, 2011, - 10:03 PM
Here's a piece of news that comes under the "glass is half-full" headline: Households are reducing their debt burdens.
Updated: August 20, 2011, - 10:35 PM
Summer is a time for blockbuster horror flicks, and the performance of the economy and markets surely provide the basis for a gory one. Prices on the global stock markets have plunged in recent weeks.
Updated: August 13, 2011, - 01:02 PM
Q My husband and I are in our early and middle 50s. We have one child, a junior in college. I have been not working since September (unemployment plus a very part-time job).
Updated: August 06, 2011, - 04:47 PM
What's your opinion on the relative safety of guaranteed investment contracts. I know these are not FDIC insured. But compared to bonds or equities in the event of a catastrophic economic meltdown, would these contracts reflect a loss rate based on the failures of the underlying banks and insurance companies?
Updated: July 23, 2011, - 10:34 PM
With Treasury bills and other high-quality short-term, interest-paying investments, you reduce the amount of money at risk to a financial catastrophe or economic cataclysm.
Updated: July 16, 2011, - 10:00 PM
Q I consider myself to be a successful student of the Chris Farrell School of Money Management. We have weathered the economic storm by living below our means and maintaining an emergency fund, big-ticket-item savings account, retirement accounts and one for monthly and semi-annual outlays. As my wife and I approach retirement (I'm 59 and she is 58) our big concern is hyper-inflation brought on by federal and state governments' inability to budget and plan long-term. We use the bond/equity ratio based on age for asset balancing. Our funds are mostly in broad-based index funds with no gold or gold index funds. Help!
Updated: July 08, 2011, - 04:03 PM
QMy wife and I are too close to retirement and are willing to trade safety for income so that our 401(k) is totally invested in T-bills. Unfortunately, I believe there is a real risk of our government defaulting. If its does, what happens to the money in T-bills?
Updated: July 02, 2011, - 11:51 PM