When an individual or corporation owes more money than can be paid back, they can declare bankruptcy. But what happens when a country like Greece owes more than it can pay? Can a country go bankrupt? There has been a lot of negative news emanating from Europe which has had a direct impact on U.S. stock [...]
Archive for the ‘Credit/Debt’ Category
The European Union Blues: Why You Need to Know What’s Going On!
Posted in Credit/Debt, tagged bankruptcy, bond, Euro, Europe, European economics, European Union, interest rates, Maastricht Treaty, recession, sovereign debt, U.S. stock markets on December 2, 2011 | Leave a Comment »
‘Til Death Do You Part?
Posted in Credit/Debt, tagged community property states, Credit Card Act 2009, credit card debt, debt, estate, Fair Debt Collection Practices Act, mortgage debt, probate process, separate property, student loan debt on September 8, 2011 | Leave a Comment »
Thomas Jefferson’s heirs were forced to sell off much of his property to settle his inherited (and other) debt, even his beloved home, Monticello. As if it isn’t difficult enough to deal with excessive debt while we are living, many may wonder what happens to the “big black cloud” of debt when we pass away. [...]
Financial Fortitude
Posted in Credit/Debt, tagged debt, debt ceiling, financial distress, financial future, goals, values on August 11, 2011 | Leave a Comment »
Lately it seems that many of our discussions around money are doom and gloom, both on the national level (global, actually) and within our own households. The recent conversations about the debt ceiling were both mind boggling and distressing to me and to most of the people I know. The hostility, blaming and aggression toward [...]
The Debt Crisis Isn’t Over Yet
Posted in Credit/Debt, tagged debt crisis, defaults, dollar crisis, financial future, financial planning, inflation, national debt, risk, save, Taxes on August 8, 2011 | Leave a Comment »
If you’re like me, you may have tuned into your media sources this morning thinking there would be new headlines replacing the rhetoric of the past months on deadlines, defaults, and a dollar crisis. I know I’ve had enough of the showmanship, and the analysis of who ‘won’ or ‘lost,’ as if we’re all not [...]
Spend Some Time with Your Debt Demons
Posted in Credit/Debt, tagged consumer savings rate, debt, financial future, financial habits, values on July 20, 2011 | 2 Comments »
Despite the significant improvements to the consumer savings rate over the last several years, a majority of Americans are still struggling with debt in one form or another. On one extreme you have more and more outlets telling you to consolidate all your debt in favor of one monthly payment. While a select few of these [...]
Rental Payments May Help Boost Your Credit Score
Posted in Credit/Debt, Home Ownership, tagged credit score, FICO Expansion Score, mortgage payments, owning, payment history, real estate taxes, rent payments, renting, utilities on May 3, 2011 | 3 Comments »
Last month, I talked about my new chosen lifestyle of renting vs. owning my home. My new life as a renter includes learning that you might want to always opt for the top floor (if you can) – sometimes even the smallest person can make a surprising amount of noise. Nevertheless, I am enjoying my [...]
How to Maintain that Credit Score
Posted in Credit/Debt, tagged credit, credit card, credit counseling, credit report, credit score, Credit Simulator on April 20, 2011 | 4 Comments »
Unless you’ve been in hiding for some time, you’re aware of two things. One is that the process for consumers to get loans or credit of almost any kind has become increasingly stringent. The second is that, if you do have the need to borrow money, rates have rarely, if ever, been more attractive. Borrowers need [...]
Life and Debt
Posted in Credit/Debt, tagged credit boom, debt, financial disharmony, financial planning, investing, risk management, Warren Buffett on March 11, 2011 | 3 Comments »
Warren Buffett issued his annual letter to shareholders on February 26, 2011, and as always, it is packed with timeless nuggets of wisdom in Buffett’s witty and matter-of-fact style. While addressing the investment activities of Berkshire Hathaway is a given in this letter, Buffett took an interesting turn this year and spent a few moments [...]
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Bloggers
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Lee Baker, CFP®
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Rick Kahler, CFP®, MS
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Robert Schmansky, CFP®
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Francis St. Onge, CFP®
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Karin Maloney Stifler, CFP®, AIF®
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Somnath Basu
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FPA Guest Blogger
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Sam Hull, CFP®, ACC
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Dave Caruso, CFP®
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John Comer, CFP®
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Chip Workman, CFP®
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Saundra Davis
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Gelasia Steed, CFP®
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Aaron Coates, CFP® CIMA
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Michael Snowdon, CFP®
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Pamela Sandy, CFP®
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Mike Branham, CFP®
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Edward W. Gjertsen II, CFP®
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Constance Stone, CFP®
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Andrew B. Chou, CFP®
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