October is the month in which goblins, ghosts, and other frightening things are thematic for all 31 days, closing the month with Halloween. As a retirement planner, I would like to share with clients and readers some financial myths that, if you are tricked into believing them, can haunt you for a long time.
Walk into a bank or a typical stock brokerage firm and the only advice you may get is centered on purchasing the favorite stocks of the day. There are few—if any—questions asked about your present financial situation and financial future. This is how brokers earn a living: the more stocks you buy and sell, the higher the commission your broker earns. This business model is known in the industry as “suitable”.
After waives of fee hikes and subsequent protests at California’s public universities, students from middle class families could be getting tuition cuts thanks to a state-sponsored Middle Class Scholarship program that will go into effect next school year.
According to court records, mayoral candidate and current Councilman Peter Arellano claimed $670,359 in debts when he filed for Chapter 7 bankruptcy in November 2004.