Getting Personal
This week, Tess Vigeland and economics editor Chris Farrell give advice to a woman selling her rental property, and another woman who's not sure if her mortgage loan is too good to be true.
Getting Personal (Marketplace)
More on Chris Farrell's Q & A
Comments
Comment | Refresh
From Detroit, MI, 08/17/2008
Hi, I'm having no luck in locating a fix,hourly rate, certifed financial planner. I tried,the AARP plainners list,bankers,mutual fund and annunity seller, all of which try to sell me their good-- instead of giving me an unbias read on my current portfolio. Can you help with suggestion on where I might abtain a list of such planners in the Metro Detroit area
From Provo, UT, 07/12/2008
I'm retired and my wife is a teacher and is investing in her 403(b). Our income is her salary and our investments. According to 2007 tax booklet, the 5% capital gains tax rate for 2008 is reduced to zero. Would it be legal for my wife to put enough aside in her 403(b) to get our taxable income into the 0% capital gains threshold and what is the threshold?
Thanks
From Chicago, IL, 05/24/2008
Seven questions from a middle school social studies teacher (instead of creating new answers I do not mind being pointed to reference sources): How does fractional reserve banking work? What is the relationship between a bank holding money in reserve and its capitalization money? Is its capitalization money counted as part of its reserve requirements? Is it not true that bankers control the interest rate for their depositors' funds at their banks and the lending rates for the borrowers at their banks? Can we surmise that as long as the necessary customer base exists for the bank(s) that the banker(s) in fair measure controls the profitability of this money exchanging venture? Further, because customers (and citizens of the United States) need money as a medium of exchange, and that money exists in our monetary system by lending it into existence, our economic vitality is dependent upon bankers lending money to new borrowers? Lastly, if money comes into existence by being loaned into existence, we have at any one time only the money to pay off the principal, but not the interest, and that to pay off the interest we have to borrow more money?
Post a Comment: Please be civil, brief and relevant.
Email addresses are never displayed, but they are required to confirm your comments. All comments are moderated. Marketplace reserves the right to edit any comments on this site and to read them on the air if they are extra-interesting. Please read the Comment Guidelines before posting.
You must be 13 or over to submit information to American Public Media. The information entered into this form will not be used to send unsolicited email and will not be sold to a third party. For more information see Terms and Conditions and Privacy Policy.