Your child has finally finished college and started his/her first full-time job. What is the most important financial advice you can give your child? The first piece of financial advice you should give to your child is that they participate in their 401(k) plan as soon as they are eligible. The quality of your child’s [...]

The advice sounds simple enough — to force yourself to save regularly, treat those savings as a bill to yourself and pay that bill first every month. But when you’re faced with a stack of bills that includes your mortgage payment, your car lease, and groceries to feed the kids, you’re likely to skip paying [...]

BOSTON – April 8, 2010 – The Patrick-Murray Administration’s Office of Consumer Affairs and Business Regulation today announced that the Division of Banks has issued cease-activity directives to 33 companies for suspected unlicensed financing activity. Dealers who sell motor vehicles in Massachusetts under a retail installment contract and hold the contract, typically referred to as [...]

It’s an election year and jobs are on every candidate’s agenda. In both Washington and Massachusetts, new jobs bills are being debated. We hear about “green” jobs and the growing job sectors in health care, education and business services. But, what we don’t hear enough about is how to make sure we have a workforce, [...]

Mangingmoney.com recently asked an interesting quesion, “is 10% enough for retirement?” A common rule of thumb when planning for retirement is to save 10% of your gross income during your working years. Since this rule of thumb has been around for a long time, it’s logical to question whether it’s still an appropriate guideline. Several [...]

In the recent times, the Obama government as well as the private lenders have started considering principal reduction programs for homeowners who are underwater. However, the Internal Revenue Service (IRS) has issued a new advisory to taxpayers who would get such assistance for the lenders. Let’s check out how the principal reduction on underwater mortgages [...]

Pierce Mattie with the Fashion Rag has written good upcoming events synopsis of Rock Media’s Fashion Week. “RM Fashion Week is yet again taking over Miami Beach with another year of fashion revelry at the luxurious Eden Roc Renaissance Miami Beach. Celebs, VIP’s, and Fashionistas will all be out in full force as the social [...]

A father and son have pleaded guilty to selling $1 million worth of counterfeit computer software through the Internet, in violation of criminal copyright infringement laws, Assistant Attorney General Lanny A. Breuer of the Criminal Division, U.S. Attorney Neil H. MacBride for the Eastern District of Virginia and John Morton, Assistant Secretary of Homeland Security [...]

LOS ANGELES – A Chicago-area man was sentenced this afternoon to 30 months in federal prison for taking nude videos of television personality Erin Andrews and posting the videos on the Internet after being rebuffed when he offered the videos for sale to a celebrity website. Michael David Barrett, 49, of Westmont, Illinois, was sentenced [...]

Lawrence Superior Court Judge Leila Kern this morning sentenced Kevin Quinn, 44, of Haverhill, to 23 years in state prison for rape of a child with force, and two counts of indecent assault and battery on a child under 14. Quinn had been convicted last week in Lawrence Superior Court following a week-long trial. The [...]