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Home Equity an Option for Building Reserve
Posted on February 5th, 2010 No commentsOne way to build up needed personal reserves “may be to leverage your home and use loan proceeds to populate your emergency reserve,” writes Dick Hensley, CEO of InvestorsBank in Waukesha, in the Milwaukee Small Business Times.
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Most Savers Kept Money in 401(k)s
Posted on January 21st, 2010 No commentsOf more than 1,100 plan participants polled by Francis Investment Counsel LLC between July and December, 68 percent had not changed their 401(k) accounts in response to the financial crisis. Of the 32 percent that changed their 401(k)s, 18 percent reduced the amount contributed or stopped saving completely, the Milwaukee Journal Sentinel reported.
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Longtime Savers Doing Fine During Downturn
Posted on June 2nd, 2009 No commentsPerhaps not surprisingly, a recent survey by online banking business HSBC Direct suggests that people who are longtime active savers are enduring this economic downturn virtually unscathed, according to an entry on the Milwaukee Journal Sentinels Dollars & Sense blog.
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Column: Everyone Needs an Emergency Fund
Posted on May 1st, 2009 No commentsA 2008 survey for the National Foundation for Credit Counseling found that Americans arent doing a particularly good job of maintaining even a minimal emergency fund. One-third of those surveyed had absolutely no non-retirement savings, and 57 percent of those who did have an emergency stash didnt have enough in it, writes Erika Milosevich, vice president at North Shore Bank, in a guest column in the Small Business Times of Milwaukee.