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Risky Business

The Circle of Wealth Investment Club celebrated its second anniversary this past September, and the risk takers, most of whom are New York City postal employees, have had to manage...

How to Avoid the Pitfalls of a Short Sale

As many distressed homeowners await relief from the White House’s loan modification and refinancing program, a growing number of distressed homeowners are considering a short sale -- or a deal in which the homeowner sells a home for less than the value of the mortgage, with the blessing of his/her lender. Short sales can be good for both buyers and sellers, but there are a few things both parties should be aware of before taking the leap.

Financial Desperation Can Derail Your Retirement Plan

I have never been a fan of the old saying, “Desperate times call for desperate measures.” Too often, I’ve found that acts rooted in desperation cause seemingly rational people to sabotage their future. Yes, it’s true; we’re coping with the most hostile economic environment our generation has ever faced. Today’s tough economy, however, is no excuse for making decisions that may ultimately wreck our long-term financial health.

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