Limiting Your Financial Loss
People find it convenient to use credit and debit cards. The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you to use if your cards are lost or stolen, and limit your loss if you follow them.
Report the loss or theft of your credit cards [...]
Just Say No!
Telemarketers call and say I need credit card loss protection insurance. They just need my approval and they will send out the free trial – no risk kit. Sometimes they offer the first year free, but the renewal payment is automatic. The “free kit” for credit card loss protection is a place for [...]
My employer sponsors a 401k plan with investment options in company stock or selected mutual funds. There are good reasons to not put all of your retirement investments in company stock, but the mutual funds offered in the traditional plan may not cover all the investment vehicles you want to use. Please be aware that this traditional “Prototype” fund may not be your only choice.
For example, Fidelity’s “Non-Prototype” BrokerageLink™ program allows investments in stocks, bonds, exchange traded funds (ETFs), and more, depending on your experience and expertise.
If you are having trouble managing your credit card debt, you may need to start with knowing what you have available to make payments with. Balancing your checkbook helps you know exactly how much money you have in the bank.
