Second Home Mortgage Calculator
Getting Going: A guide to saving enough for retirement
Corporations are looking to shed their pension liabilities. Guess who's getting stuck with the tab?
As companies replace traditional defined-benefit pensions with 401(k) plans, the burden of saving and investing for retirement gets shifted to employees -- and suddenly we're the ones who don't have enough money set aside to see us through our retirement years.
So what's your personal liability and how can you trim it? Brace yourself: We're in for some scary math.
Bridging the gap. "Corporate accounting requires companies to look at their pension obligations, to use reasonable assumptions and to fund those obligations on an annual basis," notes Charles Farrell, a financial consultant in Medina, Ohio. "A little bit of that corporate discipline can be helpful on the individual side."
Mr.
Related Second Home Mortgage Calculator links
Report: Foreclosure rates decrease in California, most of nation
Foreclosure activity in the second quarter slowed nationwide by 16 percent compared to the first quarter of the year, according to a report Thursday from RealtyTrac Inc. of Irvine, an online marketplace for foreclosure properties. Its report says that 272,109 properties nationwide entered some stage of foreclosure in the second quarter of 2006. While that is a 16 percent decrease from the previous quarter it is still a 25 percent year-over-year increase from the second quarter of 2005, says RealtyTrac. The nation's second-quarter foreclosure rate of one new foreclosure for every 425 U.S. households was higher than in any quarter of last year. "Foreclosure filings in the second quarter of 2006 present a classic 'good news, bad news' scenario," says James Saccacio, chief executive officer of RealtyTrac.