Getting Personal
Steve Chiotakis answers questions about personal finance with economics editor Chris Farrell -- from how a college savings plan affects financial aid to what a person can do to track down an old life insurance policy.
Getting Personal (Marketplace)
Links
- Audio: Getting Personal Part 2
Steve Chiotakis is back with economics editor Chris Farrell to answer your questions about all things money. This time they tackle how to make the most out of a short-term investment and whether a bigger salary or a bigger 401(k) match pays off in the end. - Getting Personal Blog
- A.M. Best Company
A.M. Best Company, a worldwide insurance-rating and information agency. - National Association of Consumer Bankruptcy Attorneys
Comments
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From Ann Arbor, MI, 11/01/2009
Family members of ours are currently 'walking away' from their mortgage in a beleagured suburb of Phoenix, New River AZ. Our brother-in-law still has a good job, but has suffered two rounds of pay cuts.
They have wanted to move from this house for quite a while now, but have obviously not been able to recoup their investment.
They will now rent a home from a friend in a more desirable location.
I can't stop thinking that they are in effect BENEFITING themselves by walking away from the house, rather than toughing it out and making the mortgage payments on a house they don't want.
What are the real financial implications on 'walking away' from a mortgage?
Thank you.
From Macon, GA, 10/31/2009
Where can I learn how to invest in stocks and bonds without using a broker?
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