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Weekend Reading: September 21, 2008
Last week was incredible in many ways. Most notable were Lehman Brothers failure, Merrill Lynch sale, and AIG bailout. The wild swings over the last five trading days definitely woke up a few people. It’s times like these that we learn more about ourselves and help us understand if we really have our ducks in [...]
FDIC Deposit Insurance And WaMu
What is the FDIC Insurance? The FDIC Insurance, or simply bank insurance, is meant to preserve and promote public confidence in the U.S. financial system by:
Insuring deposits in banks and thrift institutions for at least $250,000;
Identifying, monitoring and addressing risks to the deposit insurance funds; and
Limiting the effect on the economy and the financial system [...]
There are a lot of sites that help you determine how much you need to save for retirement to maintain your lifestyle. I have never been comfortable with them because they usually don’t share the logic behind their calculation. So I came up with the following 3 easy steps to calculate my own retirement needs.
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