Should the U.S. Investment Grade be Lowered?

25 07 2011

What is an Investment grade? It is a rating that assesses the credit worthiness of a corporation’s or government’s debt. With the U.S debt ceiling on the brink of being reached, and no deal in place, there is speculation that the International Monetary Fund may consider downgrading the U.S. government’s credit rating. Such a move could be “extremely damaging” not just for the U.S. but for the global economy as a whole.

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Avoid borrowing from your 401(k)

7 07 2011

Although interest rates are low when borrowing on your 401(k), it can be an extremely risky move. The biggest risk is that the money you have been diligently saving for your retirement is now at risk. Read the rest of this entry »