Tag Archive | "Predicament"

The recession and its effect on your retirement savings

Tuesday, November 8, 2011

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The recession and its effect on your retirement savings

After working in executive management for over ten years with a steadily increasing salary, Rick Stephens, 51, was laid off from his job in June 2008. Two years of steady unemployment later, he has sold his car, moved in with his 75-year-old father and blown through all his retirement savings to stay afloat. “I pay […]

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Your Mortgage — When To Walk Away

Wednesday, November 10, 2010

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Your Mortgage — When To Walk Away

I’ve previously discussed here at NeedMoney details surrounding the HAMP (Home Affordable Modification Program). This program can provide much needed relief for homeowners who are facing foreclosure. However, this begs the underlying question of whether saving your home is truly in your best interest. Many homeowners today have mortgage balances which greatly exceed the current […]

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