The month's stock market selloff was predictably unhelpful for retirement savers.
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Question: I'm 50 years old and absolutely hate my job. It's stressful, requires long hours and I have a tough boss. So I'm wondering about early retirement. Fortunately, I have about $1.6 million dollars saved up and the only debt I have is a mortgage on my house that equates to less than half its value. I also lead a very frugal lifestyle. Any thoughts or recommendations that would help me more quickly achieve my fantasy of walking into my boss's office and saying "I quit!"? --John, Fairfield, Connecticut
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In the never-ending battle between credit card companies and their customers over interest rates, consumers still hold at least some of the cards.
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As manias go, this one is different. Your neighbors aren't coming up to you at cocktail parties bragging about making a killing in bonds. No one is flipping fixed income for quick profit. And no talk-radio guru is shouting that bonds will be the only investment left standing after the next financial Armageddon.
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When the market was near its low last year, companies handed out fresh stock options to top executives. With the rebound, some of them have scored tens of millions of dollars.
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When the market was near its low last year, companies handed out fresh stock options to top executives. With the rebound, some of them have scored tens of millions of dollars.
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Working-class people lined up to pay big bucks for advances on their checks, and it was all legal. But times are changing.
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Working-class people lined up to pay big bucks for advances on their checks, and it was all legal. But times are changing.
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As the Gulf spill grows, public anger is starting to convince politicians that it could pay to vote against the oil industry and in favor of a new national energy policy.
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As the Gulf spill grows, public anger is starting to convince politicians that it could pay to vote against the oil industry and in favor of a new national energy policy.
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