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on the radio with Paul Petillo
Join Paul Petillo, Dave Kittredge and Dave Ng every week on Financial Impact Factor Radio as they to discuss everything from retirement to insurance, investing to estate planning, from getting started to preparing to stop.
books by Paul Petillo
I just published my fifth book - this time with Smashwords! ReBuilding Wealth in a Paycheck-to-Paycheck World by Paul Petillo, copyright 2011 This ebook is available across all platforms including iPad and iPhone, Amazon and Sony.
on personal finance
In the world of personal finance, asking what's the worst that could happen is not the same as asking: "will I be able to afford this?" or "have I saved enough for retirement?"
More personal finance
on retirement
The Who, What, When, Where and Why of Retirement
If things are good, for some they won't be good enough. If it turns out that things are not so good, someone will ultimately benefit for this off-chance negativity.
More on retirement planning
on mortgages
American dream or not, the games you may have once played with financing your home are not available for the vast majority of homeowners.
More on mortgages and homes
on insurance
Insurance : Life, Health, Auto, Home
Is the insurance industry the next victim of the financial crisis?
Health Channel
on investing
The mutual fund investor has a great many more options available to them in the post-Great Recession marketplace. The question is: are they right for you as you make a retirement plan using 401(k)s or IRAs?
More on investing
on twitter @PaulPetillo
special features
Zack's Investment Tools: Stock Screener or Mutual Fund Screener
Calculators
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Ad Policy
Our recent financial discussions
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your financial knowledge
"A man's errors are his portals of discovery" James Joyce
Personal Financial Literacy Quiz: Answers
3. Rebecca has saved $12,000 for her college expenses by working part-time. Her plan is to start college next year and she needs all of the money she saved. Which of the following is the safest place for her college money?
a.) Locked in her closet at home.
b.) Stocks.
c.) Corporate bonds.
d.) A bank savings account. Or even better, a short-term CD or an online money market account. As the Fed lowers interest rates, the interest onbank accounts, CDs, and money market accounts plummet.
Stocks are too volatile for a short-term investment and corporate bonds tie up the cash for too long of a period. Inflation would erode some of the value of the $12,000, but in the short-term, it is the second best option.
back to the quiz
bluecollardollar: from the blogA Commencement Speech (If I was invited to give one)
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