The people that we most choose to socialize with are actually online, according to the latest figures from Legal & General. The survey of 2,000 British residents suggested 70 per cent don’t know their neighbours’ names and would not recognize then in the street. With our neighbours proving to be so unknown, it [ Read More → ]

NEW YORK (AP) — Total money market mutual fund assets rose by $3.53 billion to $2.822 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation’s retail money market mutual funds fell by $5.88 billion in the latest week to $971.44 billion. Assets of taxable money market funds [ Read More → ]

A state recovery fund designed to reimburse Floridians who were scammed by their contractors is bankrupt. Set up after Hurricane Andrew, the Florida Homeowners’ Construction Recovery Fund ran out of cash two years ago. The account is replenished with fees charged on building permit applications, but with construction statewide at a near [ Read More → ]

Valentina Morales isn’t worried about her retirement. In fact she’s not exactly sure what that is. What Valentina, 10, does know: Whatever it is, she will be OK. “It’s going to be a long time,” she said to her grandmother, Myriam Rodgers of Kendall. But in the meantime, “I’d like to be a [ Read More → ]

Last week, new government data revealed that the number of people over the age of 65 is set to continue growing to almost a quarter of the population in 20 years time. Now, a new report from AXA, the financial protection provider, warns that today’s pensioners are being hit by [ Read More → ]

New research from MSN Money suggests that UK taxpayers are wasting billions every year due to simple acts of carelessness or forgetfulness. MSN has coined these costly mistakes ‘idiot taxes’, a catch-all term for all those forgetful and stupid acts, like putting the wrong fuel in a car engine and locking [ Read More → ]

Richard Drew/The Associated PressPeter Tuchman, right, watches the numbers as he works on the floor of the New York Stock Exchange. Financial markets tumbled today as investors appeared to grow concerned about the health of the U.S. economy following Tuesday’s actions by the Federal Reserve. NEW YORK (AP) — Stocks and [ Read More → ]

Halifax Reward current account customers, who are already eligible for £60 a year (£5 per month) in cash rewards when they fund their account with £1,000 each calendar month, can now earn up to £120 a year in rewards by applying for the new Halifax Clarity credit card, launched in [ Read More → ]

BOSTON (AP) — A new study reinforces time-tested advice for investors shopping for mutual funds: Look first for funds with low fees, then go from there. Fund expenses are a slightly more important factor in predicting how well a fund will perform than the one- to five-star system that uses [ Read More → ]

Q: I will be retiring from Miami-Dade Public Schools the end of this September. I need to reinvest my pension money, and my 403b. I talked to a financial planner, but he has not stated a fee, and I assume that is because he is pushing “XYZ Partners” as [ Read More → ]