College Planning
Help your clients take the worry out of saving for college with news and analysis on student debt, 529 plans and other tax-efficient savings vehicles as well as the colleges and college majors that deliver the most value.
U.S., Euro Stocks Crumble on Fears of New Crisis
By Gil WeinreichFears in Europe that contagion won't spare Italy and Spain were unassuaged by Europe's central bank on Thursday, sending stocks and bonds plunging. Meanwhile, investors' flight to safety had a perverse effect in the U.S., where the Bank of New York announced it would charge depositors to hold their money.
August 02, 2011
Rosenzweig honored with President's AwardMichael "Mickey" Rosenzweig, CLU, ChFC, recently received the President's Award, The American College Foundation's highest honor. Rosenzweig (center) was congratulated on the win by Albert J. "Bud" Schiff, CLU, CAP, NYLEX Benefits' CEO (left), and Larry Barton, Ph.D., CAP, president and CEO of The American College. For more information, click...
August 02, 2011
PIMCO’s Gross Slaps U.S. With Scarlet ‘A’ for Budget Abuse; Offers Steps to Remove ItCiting Davy Crockett, PIMCO founder Bill Gross mournfully notes, ‘The time for funnin is over,’ now that the latest debt ceiling and budget debate has been settled.
August 01, 2011
Debt Deal Vote Looms, Downgrade Worries PersistAs Congress takes up consideration of the debt ceiling bill, David Kelly of J.P. Morgan Funds warned that the measure could fail, leading to a TARP-like stock sell-off.
July 29, 2011
Debt Crisis Spooks Investors: SurveyInvestors are keeping an eye on the debt ceiling fight in Washington, and they don’t like what they see, according to a poll from UBS Wealth Management Americas, which also indicates that investor sentiment has reversed in recent days.
July 29, 2011
Spain Faces Further Ratings Cut, Moody's WarnsMoody's warned Friday that it might further reduce Spain's rating, currently at Aa2, citing the country's regional governments' inability to get their debt loads under control.
July 29, 2011
Boehner Debt Bill Passes House; Obama Urges Bipartisan DealPresident Barack Obama on Friday urged a bipartisan deal on raising the debt ceiling, saying that the House plan, which later passed Friday night then quickly tabled by the Senate, was the uncompromising view of a single faction and “has no chance of becoming law.”
July 28, 2011
Debt Crisis: U.S. Treasuries and U.K. Gilts Trade Places, BrieflyWorldwide, investors are telling the governments of advanced economies that their debt management plans are unpersuasive. For a time today, the bond market signaled that British gilts were safer than Treasuries. Meanwhile, Spanish and Italian bonds reached the danger zone Thursday.