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Written by Alfred Benelli, CFP, FIC, Financial Planning Assoc
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By the time this article goes to print we may, or may not have a “bailout” for Wall Street. As I type and watch the MSN window update the news, the pressure to rescue the ailing financial sector appears to be increasing amidst warnings of dire consequences if the deal isn’t done. The Fed has seen its $800 billion in cash dwindle to a paltry $200 billion, a 75% decrease. Who will bail out the Fed? Could America really go bankrupt? Can that happen to a superpower? Well, it did… only 10 years ago… Remember?
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Written by Alfred Benelli, CFP, FIC, Financial Planning Assoc
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The most popular word in the media lately appears to be “bailout”. Webster defines bailout as “a rescue from financial distress or… to get oneself out of harms way”. It’s easy to see both definitions at work these days.
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Written by David Yeske, CFP, Financial Planning Association
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With all the anxiety over stock market volatility these days, it’s easy to forget that we face many other risks in our life that often dwarf the potential impact of declining mutual fund shares. These other financial risks take many forms but the most common involve risk to property and risk to life and health. The good news is that there are systematic ways to think about and manage these risks, if we’re prepared to invest a little time.
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