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Your Money - The New York Times
The Wayback Machine - https://web.archive.org/web/20111027170639/http://www.nytimes.com/pages/your-money/index.html?src=busfn

Thursday, October 27, 2011

Business Day Your Money

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President Obama spoke at the University of Colorado, Denver, about a new plan — to be put in place by executive order —  to let former students cap loan payments at 10 percent of their discretionary income starting in 2012. It would also forgive the balance after 20 years of payments.
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President Obama spoke at the University of Colorado, Denver, about a new plan — to be put in place by executive order —  to let former students cap loan payments at 10 percent of their discretionary income starting in 2012. It would also forgive the balance after 20 years of payments.

Ron Lieber, Your Money columnist, answered readers’ questions about the recent changes announced by President Obama on federal student loans.

President to Ease Student Loan Burden for Low-Income Graduates

An expansion of the income-based college-loan repayment program is expected on Wednesday, lowering monthly payments and allowing some loan consolidation.

The Little State With a Big Mess

After decades of drift, denial and inaction, Rhode Island’s $14.8 billion pension system is in crisis. And its outcome could be a portent for other states.

Mortgages

Knowing When to Refinance

Mortgage experts warn against rushing into a refinancing — or jumping at the first advertised low rate.

Career Couch

Should 65 Be Your Magic Number?

Finances shouldn’t be your only consideration in deciding when to retire, experts say. Your health — physical and mental — are important, too.

Fair Game

How Mr. Volcker Would Fix It

Paul Volcker, the former Fed chairman, says crucial work must still be done to make consumers, investors and the economy safer.

Fundamentally

The Sunny Side of Doom and Gloom

Bears outnumber bulls in the stock market — and that may be a good sign because the market mood can be a contrarian sign of future activity.

Your Money

Retirement Funds Built for Skittish Times

A new kind of target-date fund from Pimco puts less money in stocks, offers more inflation protection and invests in hedges to protect against large losses.

Wealth Matters

A Risky Investment, Made Unwittingly

Mark F. Spangler, the former leader of the National Association of Personal Financial Advisors, is accused of investing his clients’ money into private companies without their knowledge.

Perry Says He Backs Flat Tax, Drawing a Contrast With Romney

Gov. Rick Perry’s plan is expected to resemble a version previously advocated by the former presidential candidate Steve Forbes.

Airlines Battle Back to Profit, a Fare and a Fee at a Time

The rising ticket prices and mushrooming fees that annoy air travelers have helped airlines make money during the economic downturn.

Online Banking Keeps Customers on Hook for Fees

Customers frustrated by banks’ controversial new fees are finding out that it is not so easy to disentangle your life from your bank.

Strategies

Uneasy With Labels (or Attention)

Nobel prizes may be the ultimate attention-grabbers, but the new Nobel laureates in economics weren’t entirely relishing the spotlight last week.

The Haggler

How Did This Become a Commitment?

A reader complains to the Haggler about the way her magazine subscriptions were renewed, and about the automated system that answered her call.

Mortgages

After a Rejection

Some borrowers succeed on the second or third attempt, after they have saved for a larger down payment, improved their credit and switched to another lender.

For Children of Same-Sex Couples, a Student Aid Maze

The most important document for determining financial aid for college is a form that recognizes only heterosexual marriage.

Your Money

Financial Planner’s Red Flags

The country’s largest employer of certified financial planners is accused of putting its own employees’ 401(k) money into underperforming funds.

Wealth Matters

In a Volatile Market, Some Turn to Insurance Instead of Bonds

Financial advisers point out that the rate of return on permanent life insurance is 3 to 5 percent and the money passes to beneficiaries free of income tax.

This Time, Uncertainty Took a Huge Toll

The weight of many unanswered economic questions sent the stock market — and many mutual funds — to huge, double-digit losses in the third quarter.

High Corporate Profits May Reduce Risk in High-Yield Bonds

Some experts say this may be a favorable time for junk bond funds, partly because the bonds’ issuers are still often enjoying hefty earnings.

Off the Shelf

Investment Advice From Four Very Different Angles

New books offer insights to investors — from a compendium of savings tips to a financially conscious novel.

Fair Game

17 Countries, but Even More Unknowns

Despite assurances from the Treasury secretary and others, investors still know little about the risks of American banks’ exposure to Europe’s woes.

Workstation

For Women, Parity Is Still a Subtly Steep Climb

The number of senior executive women has hardly budged in recent years. And an expert says one cause may be an “entrenched sexism” that is largely unconscious.

Your Money

Checking Account Wars, Behind the Scenes

As the battle is joined over fees, the big banks want to make you pay, and the most aggressive of the little institutions want to pay you.

Wealth Matters

So Far, It’s Been a Half-Empty Year for Financial Forecasters

Four market prognosticators review their previous forecasts for 2011 and make their best guesses for the final quarter.

Shortcuts

How to Make Working at Home Work for You

The transition to an at-home office can be difficult, and the most common danger is to unproductively while away the hours with nothing to show for it.

U.S. May Back Refinance Plan for Mortgages

The Obama administration is considering a program to let millions of homeowners refinance at today’s rates.

Your Money

Your Voice Mail May Be Even Less Secure Than You Thought

Caller ID spoofing, the way hackers gain access to phone voice mail accounts, can also be used to get someone else’s credit card information.

Wealth Matters

The Hidden Dangers In Safe Havens

Investors who rush to Treasuries or gold in times of turmoil should be thinking about when to get back into other securities.

Your Money

All the Ways That Stocks Churn Your Stomach

It’s valuable to look closely at the range of feelings stirred by wild market swings, and deploy some countermeasures.

Special Section: Money Through the Ages

Introducing a Special Section

From college to retirement and everything between, planning smoothes the journey.

Special Section: Wealth

Wealthy investors are chasing opportunities in the midst of upheaval. This, and more articles on investing and taxes.

Retirement

Many people approaching retirement age are thinking not just about where to live, but about what activities they will do — and whom they want nearby.

Multimedia
When Athletes Go Broke

A look at professional competitors who lost the millions of dollars they earned in sports.

Talking Money With Elmo

In the wake of the financial crisis, "Sesame Street" is teaching children financial literacy. Ron Lieber talks to Elmo about saving and sharing.

Managing Your Money Through the Ages

An interactive checklist to help navigate ways to prepare and secure your financial future at each stage of life.

Mutual Funds Report

Third Quarter

The weight of many unanswered questions, mainly about the economic recovery’s staying power and the soundness of Europe’s financial system, dragged stocks sharply lower in the third quarter.

Marketplace logo

Marketplace Money, from American Public Media, dedicated a one-hour program to Money Through the Ages, including a more intimate look at many of those profiled in a Your Money special section. You can listen to the show online or download the podcast.

Special Section: Your Taxes

Help on the 1040 and Beyond

President Obama and both parties have proposed simplifying the tax code, but in the meantime many Americans can still use some guidance.

The Sketchpad: Personal Finance on a Napkin

Financial planner Carl Richards has been explaining the basics of money through simple graphs and diagrams.

Financial Tuneup
31 Steps to a Financial Tuneup

A customizable checklist to guide your own financial tuneup, providing tips, the time needed to achieve them and links to additional resources.

Calculators

Is It Better to Buy or Rent?

Compare the cost of renting and buying equivalent homes.

The 1% More Savings Calculator

What would happen to your savings balances if you saved just one percent more a year?

Interactive: College Cost Calculator

An interactive tool to estimate the future cost of higher education.

Calculate Your Financial Comeback

See how long it could take for your portfolio to return to its peak value.

Your Money Contributors

Ron Lieber

writes the Your Money column, which appears in The Times on Saturdays.

Tara Siegel Bernard

is a personal finance reporter with The Times.

Paul Sullivan

writes Wealth Matters, a column looking at strategies that the wealthy use to manage their money and their overall well-being.