Editor's picks: What we're reading on the Web this weekBlog added by Vanessa De La Rosa on December 3, 2012
Vanessa De La Rosa

Vanessa De La Rosa

Denver, CO

Joined: September 24, 2012

Each week, we ProducersWEB editors dig up some interesting and informative articles online. We have collected some of this past week’s top stories from around the Web and would love to hear your thoughts in the comment section below.

The fiscal cliff: Absolutely everything you could possibly need to know, in one FAQ (The Washington Post)

“Washington is engaged in an all-consuming debate about how to resolve the “fiscal cliff” — which we like to call, for reasons that will soon be explained, “the austerity crisis.” But what is that and why does it matter? We at Wonkblog put together a FAQ to sort it out. And we’ll keep updating this FAQ as the debate rages on.”

10 best & worst state pension systems (Advisor One)

“The good news, Morningstar said, is that pensions’ fiscal health changes slowly, and struggling plans are often identified years before they suffer substantial stress on their funding. Investors should take note of plans that have a significant unfunded liability, a funded ratio that is low or falling, high UAAL per capita, annual contributions that are lower than the required level or that increase quickly, and pension costs that make up a significant portion of government spending.”

Study questions tax breaks’ effect on retirement savings (The New York Times)

“The money that the government spends to encourage Americans to save for retirement is money that cannot be spent on deficit reduction, education, health care or other priorities. The study suggests that the money has little effect on the retirement security of lower-income families, either.”

In defense of Norquist and his right to be wrong (The Hill)

“I strongly disagree with Grover Norquist and his anti-tax pledge. But I believe his views are sincere. And I condemn those who substitute personal attacks on Norquist for factual arguments to prove him wrong.”

Why parents don’t have enough life insurance (US News)

“Along with prepping the nursery and stocking up on diapers, expectant parents should add one more item to their to-do list: Taking out, or beefing up, life insurance policies. Their children might one day depend on it.”

Are variable annuities a good investment? (The Wall Street Journal)

“Investors constantly balance their desire for the highest possible returns against their desire to guard against big losses. For many people, that balance was thrown off in recent years with the wild swings in financial markets. The prospect of further downturns has left them shaken—and more cautious.”

When to follow the barbarians (CNN Money)

“The world of hedge funds may be shrouded in secrecy. But savvy investors can profit handsomely by following the public moves of some of the industry's high-profile players, especially as many are taking a more active role in cleaning up troubled companies.”

A health insurance detective story (The New York Times)

“But if a seasoned personal-finance journalist can’t get a straight answer to a simple question, what chance do most people have of picking the right health insurance option?”

Make your charitable giving go further (CNN Money)

“A 2012 study from the Chronicle of Philanthropy reports that the median amount American households donate to charity each year is $2,564. That's a nice chunk of change, but not if you're divvying it up among dozens of organizations.”
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