Financial brands Bank of America and Citigroup led the downswing in light trading volume Wednesday. Stocks sold off amid concern that euro zone debt woes could affect U.S. bank ratings.
On October 26, 2011, President Obama announced a plan that seeks to help college graduates pay back their federal student loans. The plan is an executive order and does not require approval by Congress. It is scheduled to take effect beginning in 2012. Read more in this Financial Tip.
Cash value life insurance comes in many forms, so people often get confused. Learn more how the cash value works in this week’s Insurance Tip.
The Social Security Administration has announced that for the first time since 2009, a cost-of-living adjustment (COLA) will be paid to Social Security beneficiaries and Supplemental Security Income (SSI) recipients. Monthly benefits will increase 3.6% starting in January 2012 for Social Security beneficiaries and starting on December 30, 2011, for SSI recipients. Read more in this Financial Tip.