Getting Personal
Tess Vigeland and Chris Farrell take on all sorts of questions from listeners concerned about how their financial holdings might be affected by the nation's volatile banking situation.
Getting Personal (Marketplace)
Links
- Audio: Getting Personal (Part 2)
Each week on Marketplace Money, host Tess Vigeland looks at the week's major national and international stories that will impact the average listener's wallet. - Blog: Getting Personal
Comments
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From NJ, 07/22/2008
I have about 8 credit cards. I close unused credit cards( 2 to 3) per years and open 2 to 3 per year as needed. I would like to impact on credit score on closing credit card ( unused) and opening new ones ( 2 to 3) based on the deals.
From Thompson, CT, 07/20/2008
On the recent Getting Personal a listener was concerned about the safety of his IRA if it is invested all in one investment firm. I am retired and have the same concern and I am not sure that the question has been totally answered. Nearly all my retirement savings are in two diversified funds with Vanguard (Life Strategy Moderate Growth and Target Retirement 2005)but I am not clear whether there is a danger in having all my investments with one respected firm. Does diversification also mean that one should use more than one investment firm? Could a major investment firm somehow go under and lose all our money?
From Brooklyn, NY, 07/20/2008
We are about to close on the sale of our house and will have a 3-6 month period before we we spend the proceeds on a new home. We will have around $900K to look after and were planning to put it into E-Trade in 9x $100K accounts. Do I need to put it into 9 different banks to be safe? What do you suggest?
From sioux falls, SD, 07/20/2008
My husband is 59 and I am 57. We would like to retire at 65 & 63 respectively. My husband has a daughter from a previous marriage that will graduate from H.S. in the summer of 2009. My husband pays over $700 a month in child support. When his daughter goes to college he would like to give her that amount for college. I say he should give her half that amount or better yet let her work her way through college. I would like to see him save the child support for retirement, since we are behind on saving. We make about $105,000. a year. I hope to start working less hours when I turn 60 or sooner if possible. Is it unreasonable to put our retirement first before her college education?
From douglas, GA, 07/19/2008
I worked for a large corporate business for 16 years. I was fired unfairly and not given any type of package. Some managers I've spoken to said that I was entitled to some money and at that time a lawsuit. other than the lawsuit how can i claim my entitlements and be sure my pension plan wont be taken from me by this company.
From boise, ID, 07/19/2008
Fidelity Investments tells me not to worry about my retirement accounts...they are covered by SPIC and a self insured program. what are those?> Rick Land
From silver spring, MD, 07/19/2008
One of your contributors (from Arizona) said there's no money coming into the US in this banking debacle.
why is that and when will it turn around, or what will happen if it doesn't turn around.
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