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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: financial planning

financial planning stories: 7 news summaries

OPINION

 In Estate Planning, 
 Take a Lesson From MJ   

He knew what he was doing—and we should follow his example

(Newser) - Michael Jackson wasn't known for his financial prudence, but he got one thing right: his estate planning, writes Jane Bennett Clark for Kiplinger. Here’s how to follow his good example:
  • Write a will: Two-thirds of Americans don’t. Jackson’s is concrete: His kids get 40% of
... More »

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entertainment will death financial planning heiress Michael Jackson estate trust heir celebrity death

Shell-Shocked Investors Turn
to Annuities

Insurance-like
vehicles quickly growing more popular

(Newser) - Most financial advisers aren’t big fans of annuities. They don’t offer the prospect of outsized gains, can’t be easily withdrawn from, and often include loads of fees and traps. But now droves of investors, rattled by the stock market’s crash, have turned to the insurance-like vehicles,... More »

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retirement financial planning annuity

 It's Time for a Backup Plan 

Stay calm, be optimistic, or just go back to school

(Newser) - If you've gotten the ax or fear you're next, it’s time to prepare yourself without panicking, NPR reports. The American Psychological Association advises people to stay calm and make a financial plan to cope with tough times. "It's very hard, but try to stay focused in the present,... More »

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layoffs recession financial planning unemployment financial crisis success

Publishers Rush to Meet Need for Financial Advice

Bevy of new books strikes more somber, conservative tone

(Newser) - Book publishers and sellers are rushing to meet demand for personal-finance titles as the unrelenting economic crisis combines with New Year’s resolutions to prompt consumers to seek professional advice, the Wall Street Journal reports. However, the thrown-together texts might not prove very helpful: Many authors fail to provide specifics... More »

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personal finance financial planning investment book self-help economic adviser financial crisis 401(k) plans

Can't Buy Me Love, but Divorce Could Cost $100K

Paperwork's cheap, but hiring lawyers, dividing real estate, finding therapy adds up

(Newser) - In the current financial climate, getting unhitched has become all the more ruinous, Divorce360.com reports. Selling your home, hiring attorneys, shelling out for therapy, and finding temporary housing add up to a burly bottom line, with one attorney estimating that divorce "can run anywhere from $1,820 (uncontested)... More »

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divorce real estate marriage family financial planning lawyer divorce rate divorce attorney divorce settlement

 Madonna, Ritchie in Crisis Talks 

With each other, but also their accountants

(Newser) - Guy Ritchie followed Madonna to New York yesterday to save his marriage—and also huddle with the family accountant in case his attempts fail. Ritchie could land $100 million of his wife’s $800 million fortune so “the lawyers will want to go through the assets with a fine-tooth... More »

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divorce New York City celebrity financial planning money management Madonna celebrity divorces Guy Ritchie

Fake Experts
Fool Seniors

Elderly cheated by 'certified' advisers whose shady offerings make millions

(Newser) - Elderly Americans are being duped out of millions by financial advisers with trumped-up credentials, the New York Times reports. Over 39,000 "certified senior advisers" have been rubber stamped by pay-for-service courses in the last decade, and they're selling popular—but unnecessary—financial products to the elderly. More »

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elderly insurance companies certified senior advisers financial planning scam senior citizens

7 Stories