Marketplace Money for July 17, 2004

Episode Description 
Marketplace Money for July 17, 2004

"Day in the Work Life": Aesthetician

As Baby Boomers look to stave off the marks of age, the multi-billion-dollar beauty industry is expected to grow... as will the number of people in its workforce. On this week's "A Day In the Work Life" -- our regular look at how folks trade their time for money -- we check into a salon and get pampered by an aesthetician. What's that, you ask? We'll let her explain, but a warning: her work can get a little hairy...
Posted In: Jobs

Foreclosures

Folks can make a tidy profit off "fix and flip" real estate deals -- buying a cheap foreclosed home, renovating it, then selling it quick. But beware: it's not as risk-free or simple as those late-night infomercials would have you believe.
Posted In: Economy

Vox populi - What I did for miles...

Folks awaiting takeoff at a Washington D.C.-area airport tell us about what they're willing to do to rack up those precious frequent flier miles.

Come fly with me

More than 19 million people used frequent flier miles to travel last year. But when are they worth the money? And when are you better off paying for a fare? Rudy "The Savvy Traveler" Maxa answers frequently-asked-questions about frequent flyer miles.

"Straight Story": Jobs in the computer age

It's time once again for economics editor Chris Farrell is to help you sort out what's smart, what's stupid and what's the Straight Story. This week, Chris looks at what really matters when it comes to the economy – the outlook for jobs in an increasingly computerized age.
Posted In: Jobs

From the Money Matters Desk: A savings report on 529 plans

Sending your kid to college is a dream for all parents. But footing the tuition bill can be a financial nightmare. Some parents have turned to 529 college savings plans, sponsored by states, to help invest money for college. Sandra Block, personal finance columnist for <I>USA Today</I>, fills us in about the good, bad, and ugly sides of 529s.
Posted In: Savings

"Buzzword": Hedge Fund

Life is hard enough without having to decipher everything. Each week, Sound Money will bring you a word or a phrase that has bubbled to the top of the news. For instance: Hedge Fund. You hear it, you see it, but do you really know it?
Posted In: Investing

Mailbag for July 17, 2004

Chris Farrell answers more of your burning money questions. This week: advice on planning a budget, selling stock, and consolidating 401k accounts.
Posted In: Retirement, Savings

Factoid: Retirement

The Employee Benefit Research Institute looked into America's future... and it doesn't look pretty. According to their calculations, by 2030, the country's retirees will have far less cash than they need to meet basic living expenses. But how much less?
Posted In: Retirement

Retirement conversation with Chris Farrell

Where do you keep your retirement money once you've actually retired? And what's the best way to spend it? Chris Farrell has tips for making your nest egg last.
Posted In: Retirement

Retirement countdown

Let's talk about retirement. What if it's around the corner, and your countdown has begun? What steps should you take to prepare? What do you do with your home? Or your health insurance? Reporter John Dimsdale says you'd be well advised to think about these issues now, instead of later.
Posted In: Retirement