When the credit card overhaul was signed into law last year, many predicts that the banking industry will find new ways to replenish billions of lost revenue. Since then, this is becoming more and more of a reality, and it finally happened to me, even though I have a pristine credit history and have a 780+ credit score.
To be specific, Citi just sent me a letter saying I need to pay for my credit:
“We’re writing to let you know about an important change we’re making to your account. Effective …

Roth IRA: Don’t forget to open or make a deposit to a Roth IRA account before the April 17 deadline. if you are looking for tax-free growth, then it’s hard to beat the Roth IRA. Kiplinger’s Erin Burt tells us more about Roth IRAs.
The 5 biggest Financial Retirement Mistakes: Alan Haft, a well-known Certified Senior Advisor, offers 5 retirement mistakes including underestimating life expectancy, thinking it’s too late to start planning, miscalculating savings needs, not taking into account inflation, and putting other financial goals first.
Making Money during your Retirement Years: …

Oversea-Chinese Banking Corp , Singapore’s second-largest lender, said on Friday it saw “significant growth opportunities” as quarterly net profit leapt 32 percent to a record high.
OCBC Eyes Growth as Quarterly Profit Hits Record

Q: Last week you answered my question about doing a rollover from my 401(k) plan to an IRA. You said that if I am under 59½ and withdraw money from my retirement plan I would pay a penalty in addition to taxes unless I meet certain exceptions. What are those exceptions?
A: the penalty for taking an early distribution from your retirement account if you are under age 59½ is an additional income tax of 10percent added to the regular tax you would pay on the distribution. the 10percent additional …

SEP-IRAs (Simplified Employee Pensions) are an excellent retirement planning opportunity for the self-employed. With high contribution limits and late deadlines, they provide for great flexibility and savings.
Is a SEP-IRA for You?

What mutual fund investors don?t know ? or even want to think about ? can hurt them. a new study of fund director compensation in 2011 shows why, writes Chuck Jaffe.

Chuck Jaffe: Fund directors owe shareholders more