Earthquakes, Hurricanes, and Personal Finance Links
Two "one hundred year" natural disasters are impacting the eastern United States this week. First, northern Virginia is shaken by a significant but mostly benign earthquake. While West Coasters laughed it off, the East Coasters nervously shrugged it off. When you don't live through earthquakes on a regular basis it can be quite the odd experience to have the world shaking beneath you. At the same time Hurricane Irene is bearing down on the entire east coast and could cause flooding not seen in many years.
All of these disasters should be used as lessons in reminding ourselves to prepare for the unexpected. How many people in the states soon to be impacted by Hurricane Irene have flood insurance? Are they financially prepared to evacuate their homes for a while? Are you?
You can't prepare for every disaster, but it certainly helps to think ahead. These articles will help you do just that:
Our top three posts this week go to...
Couple Money: Preparing for Emergencies- Hurricane Irene in North Carolina
Consumerism Commentary: High Yield Investing in a Low Yield Environment
Amateur Asset Allocator: Why An Inverse ETF Is A Bad Choice, Even In This Economy
...but we really liked these articles as well:
Money Smarts Blog: Scanner price accuracy code
Five Cent Nickel: Seven Clever Ways to Pay For Your Kids' College
Oblivious Investor: Withdrawal Rates and Early Retirement
CNN Money: Insurance Nightmare Awaits Hurricane Victims
Boomer and Echo: What Are Real Return Bonds?
Passive Income Now: Why Investing Isn’t Such a Hot Idea
Free From Broke: What You CAN’T Hold in an IRA
Get Rich Slowly: Engineer Your Retirement
Smart Money: How To Invest Money For Your Kids
The Simple Dollar: Preparing For Your Next Act
RothIRA.com was featured in the following carnivals:
This article is by our Senior Editor, Kevin Mulligan. He is a debt reduction champion with a passion for teaching people how to budget and stay out of debt. Kevin’s been utilizing a Roth IRA to save for retirement since 2008.
Important Roth Information
Each year, the IRS updates the rules for IRAs. Here are all the details for 2016: