Retiree Advises Against 401(k) Cashout for Mortgage
In a Bruce Williams column, a retiree asks about withdrawing from a 401(k) to pay off a 40,000 mortgage at 6.275 percent. Bruce warns of a 10 percent early withdrawal penalty, lost compounding, and reduced tax deductions, recommending against tapping retirement funds. He compliments another reader’s conservative plan with tax-free bonds and notes the value of long-term security.
MENTIONED IN THIS ARTICLE
Bruce
K.D
Kokomo
Ind
F.C.J
Lafayette
Bruce Williams
Smart
P.O
Elfers
Bethlilgte
Ohio Blue Cross faces hard times in sale bid
The Plain Dealer reports Blue Cross and Blue Shield of Ohio has plunged into losses while pursuing a sale to Columbia/HCA. Nine months show a $53.1 million operating loss and a $29.3 million net loss after a $162 million tax credit, with administrative costs rising from the deal.
MENTIONED IN THIS ARTICLE
Cleveland
Blue Cross
Blue Shield
Ohio
the Plain Dealer
Columbia
HCA Healthcare Corp
Retailers ready for green Christmas shoppers plan high spend
A Gallup survey of 1009 adults for the International Mass Retail Association shows Americans expect to spend an average 808 on gifts this holiday season down from 855 last year amid improving employment and wages. Women plan 684 versus 964 for men, with retailers predicting a 6 to 7 percent sales boost over the holidays, the strongest since 1992.
MENTIONED IN THIS ARTICLE
Gallup Organization
International Mass Retail Association
Dun & Bradstreet
National Retail Federation
Conference Board
Vans Crash Test Reveals Wide Van Damages
Detroit AP reports nine popular vans performed poorly in 5 mph bumper crash tests by the Insurance Institute for Highway Safety. The 1996 Ford Aerostar averaged 1438 dollars in damage per crash, the Odyssey 474, with Windstar and Quest posting minimal damage. Tests included four impacts into barriers, angles, and poles.
MENTIONED IN THIS ARTICLE
Detroit
Insurance Institute For Highway Safety
Quest
Also Mentioned on This Page
Ohio Blue Cross
Byron Krantz
Krantz
National Association
Blue Cross & Blue Shield Association
Blue Cross of
U.S
Lesley Brooks Wells
The
Cleveland Plan
Tokyo
Federation
Bruce van Kleeck
Philip Abbenhaus
Kpmg Peat Marwick
fLyes
Akin Investment Securities
Aegon USA Securities, Inc
NASD
Sipo Allied Corporation
Allies American Greetings
Bob Evans Farm
Cedar Fair
Chrysler
CoBancorp Inc
Columbia Gas
Eaton Com
Emerson
FirstMerit Englehard
Ford
General Motors
Con
Goodrich
Guest Supply
Hills Dept Invacare
KeyCorp Va Lear Seating
LNB Bancorp
Lesco Tne
Ing
Nordsan
Northern Savings
Ohio Edison
P.N.C. Corp
Parker Hannisfky
Revco Royal Appliance Pha R.P.M. Inc
Sherwin Willams
Smuckers
SJMA
If Sue Medical
USX
York International
NYS
Ramee
Aga Inc
Dunards
Enon
Exxon
Fedros
GoMatr
Glens
Kmarl Johnna
Lileo We
Medtronic
Matmad Thomat Marriart
Mobil Messina
Moiorala
NGC Cp
Noemi Nieind
New Stik & Niked
Noelal
Noel Prs Pepacon
Pricer Prada
Vanaiar
WalMart
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