For an easy to understand (and scary) review of our nation’s debt problem, check out the film, “I.O.U.S.A.”. The documentary is a couple of years old now and in the time that has passed since its production, our nation’s debt has almost DOUBLED.
Archive for the ‘Debt’ Category
I.O.U.S.A.
Posted in Debt, Economy, Taxes, tagged America, Debt, Economy, Taxes on February 12, 2010 | Leave a Comment »
Protecting Yourself from Uncle Sam’s Debt
Posted in Debt, Taxes, tagged America, Debt, Economy, Taxes on February 5, 2010 | Leave a Comment »
Due to unprecedented spending by members of both political parties over the past decade, the U.S. government’s debt has now grown to approximately $13 trillion. That number is only expected to increase over the next ten years as the government produces massive annual budget deficits (a fancy word which means the government is spending more money than it is bringing on a yearly [...]
America Needs a Debt Diet
Posted in Debt, Economy, tagged America, Debt, Economy on November 23, 2009 | Leave a Comment »
Government debt. It’s not a Republican problem and it’s not a Democratic problem. It’s an American problem. And there’s plenty of blame to go around.
Don’t Even Think of Taking a Loan from Your IRA
Posted in Debt, Retirement Account, tagged 401k, 403b, Debt, IRA, Loan on November 20, 2009 | Leave a Comment »
Are you thinking of taking a loan from your IRA? Think again.
Repaying Your Retirement Plan Loan
Posted in Debt, Retirement Account, tagged 401k, 403b, Debt, Loan on November 20, 2009 | Leave a Comment »
Is it a good idea to take a loan from your 401(k)? In my opinion, it is usually not an ideal source from which to borrow money. Repayment of a retirement plan loan must, in most cases, be repaid in full within 5 years and must be paid in substantially equal payments representing principal and interest at least quarterly.
The Dangers of Borrowing from Your Retirement Account
Posted in Debt, Retirement Account, tagged 401k, 403b, Debt, Loan on November 20, 2009 | 1 Comment »
Is it a good idea to take a loan from your 401(k)? In my opinion, it is usually not an ideal source from which to borrow money.
Limits on Borrowing from Your Retirement Account
Posted in Debt, Retirement Account, tagged 401k, 403b, Debt, Loan on November 20, 2009 | Leave a Comment »
Is it a good idea to take a loan from your 401(k)? In my opinion, it is usually not an ideal source from which to borrow money. If a retirement plan does offer loans, it is up to the plan to provide a limit on the amount that can be borrowed. Most plans that offer loans, however, simply apply the maximum limits as defined by the IRS.
Understanding China’s Involvement in America’s Economy
Posted in Debt, Economy, tagged America, China, Debt, Economy on November 18, 2009 | 1 Comment »
Reporter Robert Krulwich of ABC News takes an insightful and easy-to-understand look at China’s “ownership” of U.S. debt and why the country is hesitant to collect on that debt.
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