The annual Bankrate.com report released Wednesday shows that almost a quarter of Americans still have no emergency savings, despite recent job gains and rising wages.
To the editor: This is an open letter to our mayor and city council. I would like to see a feasibility study on the cost-benefit of mothballing Wicks Reservoir water treatment plant. I think the savings would be substantial. At present, our town isn’t using more than 6.5 million gallons per day, even during our driest, hottest days. That is why revenue projections aren’t being met, thus the yearly increases in our water rates.
This will be a year of new beginnings, growth and prosperity. By adopting a can-do attitude, you will find that long-difficult goals will finally fall into place. Engaging in adventurous activities will introduce you to potential partners or employers.
Dear Mary: My sisters and I have $10,000 we would like to invest to cover our mother's funeral expenses when they occur. She does not have life insurance or any savings. She is 62 and living on disability at this time. What would be the best investment strategy for us? She is not currently ill. Thank you. -- Bonita W., South Dakota
If the question, “When can I retire?” ties your stomach in knots, don’t feel like the Lone Ranger. Millions of your peers are in the same boat with little, if any, savings that will one day supplement their Social Security benefits during retirement.
