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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 31, 2000
Page
21
A reader note explains why starting at age 20 to 25 yields far larger retirement funds than waiting until 30s. Examples show $2000 yearly for 15 years growing to $757k by 65 if starting at 25 and $1.22 million if starting at 20. Addresses IRA fee concerns and transfer options, advising bank fee scrutiny and no-load mutual funds as alternatives.
Money market yields edged lower across seven and 30 day averages in the week ended Tuesday with the seven day fund at 5.96 percent and the 30 day at 6.00 percent. Compounded yields also fell while portfolio average maturity shortened to 49 days. Bankrate reports slight dips in CDs and savings yields across several terms.
Knight Ridder notes several insurance resources online. Quicken insuremarket lets users obtain quotes and compare policies. SafeTnet links to insurers and agents. Insurance News Network provides articles and company ratings. Insweb compares auto life home and health quotes. III offers explanations and links to insurers and associations.
This article outlines the financial and emotional impact of divorce and urges consulting a qualified financial planner. It lists ten costly errors to avoid including pension valuation, QDROs, survivor benefits, alimony taxation, child support links, insurance, property decisions, budgeting, and credit. Donald Doudna and Sylvia Brim, leaders at SCI Capital Management and Retirement Plan ne Associates, are cited.
Tech fund investors face a double whammy as capital gains taxes hit on big year end payouts while the sector's funds fall 30 to 40 percent. Experts advise shifting to index funds and evaluating three year performance and fund turnover to curb future payouts and losses.
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