69% of companies allow employees to sign up for a 401(k) within three months of hiring, up from 32% in 1998.
Let this be a short little reminder that if YOUR company has a 401(k) and you're not contributing, you REALLY should be! This is especially true if your company matches contributions since that is free money to you later on.
The Tax Court has ruled that tournament poker is not a job; thus you can deduct losses only up to what you've won.
I'm not really sure how many people out there are tournament poker players, but that's gotta hurt...
22% of teens from affluent families think they deserve to be rich, according to a PNC Wealth Management survey.
When it comes to finances you don't deserve anything. Not a single dime. That's all the Penguin has to say about being born with a silver spoon in your mouth.
In low-speed crash tests by the IIHS, the Mitsubishi Galant, Toyota Camry and Mazda 6 sustained the least damage
I really wonder what set of cars were tested... they couldn't have tested ALL of them now could they? The Penguin likes the looks of the Mazda 6 for newly graduated up and coming professionals by the way. I wonder of the MazdaSpeed 6 has the same sort of durability...
The average American is on track to replace 58% of his or her income in retirement, according to Fidelity
That number is higher than I would have expected, but could YOU really live off of 58% of your current income? The way people are buying TVs, Computers, Cars, and taking home equity loans or second mortgages... I DON'T THINK SO!
Hasbro is replacing paper money with Visa cards in the Game of Life.
What's next, dollhouses with HELOCs? I thought these types of games were supposed to be quasi-educational. You know, so parents could reiterate financial responsibility and get in some math practice in a more fun, family setting? I guess parents these days don't have time to PLAY the Game of Life with their kids now ANYWAY... I'm not bitter, but I don't like the current situation.