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Getting Personal
Getting Personal
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About the author
Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.
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
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
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?
