Archive - June 2011

1
Filing For Your Second Bankruptcy
2
How To Properly Manage Bonds In Your Investment Portfolio
3
How To Increase Your Retirement Income
4
How To Withdraw Money From Your 401k
5
Why The Greek Financial Crisis Will Be Europe’s Lehman Brothers

Filing For Your Second Bankruptcy

Bankruptcy is a frightening word, and it is even worse if it strikes twice. There is a lot of conflicting information about bankruptcy details, and people who are facing financial troubles can get even more overwhelmed.

You may have heard that to file for your second bankruptcy, you need to wait for some time. This is true, but the good part is that you can file for bankruptcy any number of times, though the outcomes of your repeated filings are limited.

Waiting period

There is no official period to wait before filing for second bankruptcy, but the debt discharge you’ll …

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How To Properly Manage Bonds In Your Investment Portfolio

Over the years, as I have spoken to quite a few people about bonds, the various conversations have often taken a different direction, depending on the “environment” at the time.  Take, for example, 1999, when common stocks were on a tear; then I had to explain the reasons why anyone would want to invest anything at all in the bond market.  And in recent times, in this “environment” I’ve actually had to talk investors out of investing too much of their money in bonds. 

These are both examples of what Behavioral Economists call “recency.”   Meaning that we tend to place …

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How To Increase Your Retirement Income

People often ask about income investing. My contrarian opinion is that sometimes it is better to meekly accept a low yield from a low risk high quality bond mutual fund rather than chase after high yielding junk bond types of investments. If someone needs more cash flow than a low yield allows then they will simply have to sell off and spend down a sliver of principal each year until the economy returns to normal and rates go up and default risk (hopefully) goes down.

Senior citizen’s first priority is to avoid excessive risk so that means avoid things that …

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How To Withdraw Money From Your 401k

Are your funds trapped in a 401k? You could ask your employer to do an “in service” transfer to your IRA. 401k’s with in service transfers are not common. ("In service" means that you are still working at the employer). Usually the Plan Documents do not allow an employee to transfer the funds out of his or her 401k while they are still an employee, so the funds may be trapped in the 401k until the person is no longer an employee of their company.

If you are allowed to transfer the funds out of a 401k while still at …

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Why The Greek Financial Crisis Will Be Europe’s Lehman Brothers

Lehman Brothers field for bankruptcy on September 14, 2008. Only a week earlier it looked like a shaky company that would somehow survive. The result of Lehman’s failure was that contagion to spread to other large banks and insurance companies, resulting in the use of TARP funds to bailout the banks.

Today on Bloomberg there was talk that a Greek default could be like a Lehman failure for Europe. If (or should I say “when”) that happens then major European banks will suffer huge losses on their bond portfolios, making some banks insolvent. One news story in January estimated the …

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