US 103.1 Classic Rock Radio » Finances

5 Quick Facts So You Finally Know What a 401(k) Is

Kathy Landin — Fri, 22 Feb 2013 17:19:38 +0000

We all kind of know what a 401(k) is. It’s retirement money. But beyond that, what actually is a 401(k)? These aren’t the things we discuss with our parents around the dinner table before we’re thrust out into the working world. What started out in 1978 as a way to encourage more Americans to save [...]

How Hard Is It to Get a Job if You've Been Out of Work for 6 Months? — Dollars and Sense

Mike Adams — Tue, 09 Oct 2012 14:36:18 +0000

They say the best time to look for a new job is when you already have one. Turns out there might actually be something to this phenomenon: New research suggests that the longer you're out of work, the harder it gets to find a new job.

Discover Misleads Cardholders, Will Issue $200 Million Refund — Dollars and Sense

Mike Adams — Wed, 26 Sep 2012 14:33:50 +0000

Do you have a Discover card? If so, you can expect to receive a refund. According to an announcement from the Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation, Discover plans to issue $200 million in refunds to about 3.5 million cardholders due to questionable telemarketing practices that were found to misinform customers. [...]

Would You Quit Your Job If You Won the Lottery? — Survey of the Day

Jeremy Taylor — Thu, 20 Sep 2012 17:21:48 +0000

According to a new survey from CouponCabin.com of 2,570 adults, 50 percent play the lottery. And of that percentage, 65 percent would continue to live frugally it they happened to win big. But would a frugal life include keeping their job and continuing to draw their salary? Maybe not so much. The survey found that only 36 percent would remain at their current [...]

Are You Lower, Middle or Upper Class? — Survey of the Day

Jeremy Taylor — Wed, 12 Sep 2012 18:05:13 +0000

There has been much discussion and debate about how much damage the great recession did to the middle class. According to a new survey from the Pew Research Center it has certainly affected at least the way Americans view their financial standing.

Pew asked 2,508 adults if they were in the upper class, upper-middle class, middle class, lower-middle class or lower class. T

Best Boss Ever Gives Employees Huge Bonus After Retiring

Jeremy Taylor — Mon, 10 Sep 2012 16:17:06 +0000

Watch the latest video at video.foxnews.com

When Howard Cooper sold his Ann Arbor, Michigan car dealership earlier this year he made sure employee retention was part of the deal.

In these tough economic times, that alone would make him a hero to Howard Cooper Import Center's 89 workers. But the 83-year-old took things to a whole other level of generosity last week.

Study Shows Most Workers Don't Expect Any Holiday Bonus — Dollars and Sense

Donald Deane — Mon, 10 Sep 2012 15:09:04 +0000

Listen up employers. According to a new study, most workers would be happy with virtually any amount as a holiday bonus, even a measly $25.

That's most likely because the majority don't expect to get anything at all.

How Much Is the Tooth Fairy Paying These Days?

Mike Adams — Tue, 04 Sep 2012 19:31:52 +0000

Some of us can remember a time when losing a tooth meant that we might find some spare change underneath our pillows the following morning.

However, according to a recent survey by credit card company Visa, the days of a fallen chomper being worth chump change are long gone.

Which Jobs Are Disappearing Quickest?

Mike Adams — Tue, 04 Sep 2012 18:04:06 +0000

It has been predicted that by 2020, the United States will experience a nearly 14.5 percent labor increase, making room for an additional 20 million new jobs as the result of this country’s growing population and competitive marketplace. The good and the bad of this revelation is that change is imminent, and unfortunately, there is [...]

Where Are the Most Expensive Cities in America? — Dollars and Sense

Mike Adams — Fri, 31 Aug 2012 19:00:28 +0000

We all want to stretch a dollar, but there’s one place in America that it’s getting harder and harder to do so. The latest cost of living index published by the Council for Community and Economic Research (C2ER) indicates that once again the borough of Manhattan in New York City has the highest cost of [...]

Who Should Pay for a Wedding? — Survey of the Day

Jeremy Taylor — Thu, 30 Aug 2012 17:32:10 +0000

Tradition dictates that a bride’s parents pay for a wedding. But is that still the norm as nuptials become more and more costly and people are getting married at older and older ages? According to a new poll of 2,031 adults by John Lewis Insurance it is not. Fifty-two percent of the survey respondents said that they [...]

Why Do We Gravitate Toward Middle Items When We Shop?

Shauna Wright — Tue, 28 Aug 2012 17:13:04 +0000

When you’re at the grocery store and reach for certain brands, is it because you trust them or because they’re simply where you can best see them? Researchers say it could be a little of both.

Labor Day And Hurricane Isaac Will Mean Double Whammy At The Pump

Steph Barber — Tue, 28 Aug 2012 17:06:09 +0000

Cameron Spencer, Getty Images Oil companies might have two excuses for raising prices at the pumps soon. Fill up now, if you can, or get ready to pay more for your next tank of gas. Hit read more to find out why, and how high they might go. Isaac, which is a tropical storm [...]

Why Are People Buying So Many Lottery Tickets These Days? — Dollars and Sense

Shauna Wright — Mon, 27 Aug 2012 18:05:59 +0000

The economic downturn has been rough on a lot of businesses, but it’s been a boon for state lotteries.

Seems people who only have a few dollars to spare aren’t putting them away for a rainy day — they’re trying to parlay them into big bucks.

Discover Plans to Have PayPal in Millions of Retail Outlets in 2013 — Dollars and Sense

Mike Adams — Fri, 24 Aug 2012 13:29:17 +0000

Soon you will be able to use your PayPal account to make purchases at millions of physical retail outlets across the country, thanks to a recent collaboration between merchants and Discover. Beginning in 2013, more than seven million retail locations inside the continental United States will start taking payments through PayPal in hopes of driving [...]

The Rich Fail to Spread the Wealth By Donating Less to Charity Than the Middle Class Does — Dollars and Sense

Mike Adams — Thu, 23 Aug 2012 13:36:17 +0000

In a world where the portrait of philanthropy is often painted using an upper class model to represent an offering of charity to the less fortunate, sometimes we forget that empathy has a way of digging a little deeper into the pockets of blue jeans than it does a three-piece suit. At least that is [...]