July 03, 2008
By: Admin
Category: Uncategorized
Don’t make these critical mistakes with your nest egg, even if times are toughÂ
Recession or not, these are fast becoming hard times, and hard times can lead to bad decisions.
Recently, the Financial Industry Regulatory Authority warned investors to think twice before taking steps that might compromise their nest eggs, such as taking out a reverse mortgage, getting a 401(k) debit card, or cashing in life insurance policies to weather tough financial times.
(more…)
Post from: Reverse Mortgage Loan Blog
Better think twice
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July 02, 2008
By: Alex Stenback
Category: Uncategorized
The Star-Tribune, citing sagging revenues from print advertising run-off, has declined to make payments on some junior debt - the business equivalent of second mortgage. Chief executive Chris Harte had this to say:
"If we can restructure this debt, we still have a very viable [business],"
No kidding Chris! Many homeowners feel exactly the same way, just replace "business" with household budget.
Noticeably absent is any moralistic intonation about obligations to repay debts as agreed - that attidude is apparently reserved for private citizens. For businesses, periodic delinquency is just business as usual.
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