Financial Schools Reviews

The Oregon 529 College Savings Board on Thursday cut its management fee on its all investment funds, saving 133,000 accounts at least $500,000 a year.

TIAA-CREF Tuition Financing Inc., which manages one of the plans, also agreed to waive its fees on a conservative money market portfolio that has generated negative investment returns for more than a year.

TIAA-CREF’s Kerry Alexander, program director for Oregon’s plan, said the insurer will make the same fee-waiver offer to its three other state 529 plans with a standalone money market investment option. Full Article…

“Spyker announces today that Hawtai Motor Group Company Limited and Spyker terminated the agreement by and between Hawtai, Spyker and Saab Automobile with respect to funding and strategic partnership,” Spyker said in a press release.

The deal announced on May 3 with Hawtai was expected to see a 120-million-euro injection from the Chinese carmaker for a maximum equity stake of 29.9 percent in Spyker, and a further 30 million euros in the form of a convertible loan agreement, to finance the ailing Saab.

We’re all familiar with the golden rule. “Do unto others as you would have them do unto you.” “Treat others as you would like to be treated.” It’s a key concept in human morality and a foundation rule in most of the world’s significant religions.

For a lot of people, the golden rule comes at least somewhat naturally in human behavior. We’re pleasant to others most of the time, for example. Without the golden rule, traffic flow simply wouldn’t work at all.

Quite often, personal finance success means following the opposite of common sense. “Buy low, sell high,” for example, means doing the exact opposite of what would feel natural to us.

Yet, underneath that, the golden rule pops up in money matters more often than you think. Here are a few exampl

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By Identity Theft 911

A free service that lets consumers digitally store all their passwords for their various website logins now suspects it was hit by hackers, leaving millions of accounts of all types vulnerable.

Currently, more than 1 million consumers utilize the password manager LastPass, but now the company, fearful that it has been victimized by a targeted hacking scheme, will force its customers to change their master login information, according to a report from The New York Times.

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The brain-eating undead have something to teach you about money. That’s the novel approach of Zombie Economics: A Guide to Personal Finance (Avery/Penguin, $18), out this month.

Zombie Economics likens debt to an invasion of moaning, shuffling ugliness that will munch your brains if you don’t take serious action. The book weaves practical advice into a tale of advancing undead horror. Full Article…