Military families urged to secure finances before deployment
Pamela Yip reports on Maj. Richard Jordan and wife Jennifer who reorganized finances ahead of his Bosnia deployment. They updated life insurance and wills, stored important documents for quick access, arranged guardianship, and boosted savings to cover gaps between paychecks. The Jordans advise early saving and financial prep for all military families.
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Pamela Yipvallas
Richard
Jennifer Jordan
Maj. Jordan
Bosnia
Army National Guard
Richard Jordan
Arlington
Texas
Community Tissue Services
Fort Worth
Red Cross
Abilene
Dallas Morning News
Kim Ritzenbaier
Sydney
Charlie
Money market yields slide in week ending Tuesday
The seven day and thirty day yields for money market mutual funds declined to 5.33 percent and 5.56 percent respectively, with seven day compounded at 5.47 percent and 30 day compounded at 5.71 percent. Average portfolio maturity held at 46 days. Bankrate survey shows declines in money market accounts and various certificates of deposit across top markets. Assets rose by 10.36 billion to 1.070 trillion.
MENTIONED IN THIS ARTICLE
New York
Money Market
Money Fund Report
iMoneyNet Inc
Money Funds
Bankrate.com
Savings and Loan
Investment Company Institute
Reinvesting IRA funds in a variable annuity questioned
A reader asks if using a variable annuity for an IRA rollover is appropriate. The adviser fees, front end loads, annual expenses, and exit charges can erase gains, while death guarantees offer little financial value. The column argues against variable annuities for IRAs and notes commissions or insurance roles may drive such recommendations.
MENTIONED IN THIS ARTICLE
Hartford Life
Firms' stock options fill hot in downturn driven era
The prolonged market slump prompts tech firms to issue more stock options to retain staff. Over 80 percent report underwater options, yet employers push grants, lower strike prices, and repricing to boost morale and align rewards with firm results. Action Point Inc. cites underwater options but continues expanding grants.
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Knight Ridder
Hawley
San Francisco
iQuantic Inc
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