Reuters Money

Losing faith: Do you believe in the stock market?

July 7, 2011

To really understand investor psychology right now, I’m going to reach back in history to the little story of Clifford Goss. He was a middle manager for a Toronto insurance company, the kind of guy who stayed at the same job for decades, as people used to do. For his grandkids’ birthdays, he would buy books and hide a few dollar bills among the pages.

Consumer product database in jeopardy

July 6, 2011

You may think the government’s wheels always grind slowly, but they can spin fast when a government action runs afoul of business.

Life insurance: Will your heirs get what you’ve paid for?

July 5, 2011

Gotta love those life insurance companies.

According to a Wall Street Journal report, some of them will scour state mortality lists to make sure they aren’t paying out any lifetime benefits (such as from annuities) to people who have died. But they won’t bother to check those lists for life insurance policyholders whose beneficiaries may have some money coming to them.

How to avoid a China stock shock

July 5, 2011

Despite inflation worries, corporate accounting irregularities and drab stock market returns, China’s growth story continues to attract love from Wall Street.

Luxury real estate: How to snag a deal on a foreclosure or short sale

July 5, 2011

Opportunities to buy foreclosed — or soon-to-be foreclosed — luxury homes are on the rise. But watch out for the pitfalls that could sour what seems like a sweet deal.

Financial independence day: 5 ways to get there

July 4, 2011

No fireworks will explode if you can pull off financial independence, but it sure beats working for the man. How do you do it? Do you have to live like a monk? Give up chocolate? Move to a tent? Stop watching the Cartoon Network?

Study identifies 45 million ID cheaters in the U.S.

July 1, 2011

About one in six Americans have intentionally altered their identities on applications — an estimated 45 million people — according to a new study using 1.4  billion records from 300 million distinct people.

Retirement solvency “a growing challenge” says GAO

July 1, 2011

The risk that retirees will outlive their assets is a growing challenge, the federal Government Accountability Office said in a not-so-newsy report released on Friday. To meet that challenge, experts advise retirees to delay the start of their Social Security benefits, avoid spending down their nest eggs too fast and consider using annuities in some situations, says the study.

CORRECTED: AT&T-T-Mobile merger: Why the FCC should hang up

July 1, 2011

Is mean old Ma Bell back from the grave?

In the proposed merger between AT&T and T-Mobile, it certainly raises the ugly specter of highly concentrated control, fewer consumer choices and higher prices. While various labor groups and legislators have endorsed the deal, it could be a garbled signal for most U.S. cellphone users.

Why the Lieberman-Coburn Medicare plan doesn’t add up

July 1, 2011

The bad ideas for cutting Medicare just keep on coming. The latest pitch came earlier this week from senators Joseph Lieberman, an independent, and Republican Tom Coburn. They suggested boosting Medicare’s eligibility age; increasing seniors’ out-of-pocket spending; and socking it to the wealthy via higher premiums.