The Sun's Financial Diary

I know, setting up a 401(k) account should be one of the first things to do after changing employer, but I waited for more than half a year to finally get it done When I started my current job last July, I didn’t have the chance of making contributions to the retirement plan as the [...]

According to a NY Times article (registration required) yesterday, the US Supreme Court has ruled on February 20th that workplace retirement plan participants can sue the plan administrator to recover their losses under the Employee Retirement Income Security Act of 1974. The case, LaRue vs. DeWolff 06-856, is filed by James LaRue of Southlake, Texas, [...]

Before I applied for a Citi Driver’s Edge card back in December, I thought I could take advantage of the no-fee 0% balance transfer offer for 12 months and use the money to payoff our car loan which has an interest rate of 4.90%. Since I have been a Citi customer for almost ten years [...]

Dodge & Cox, the respected mutual fund company based in San Francisco, CA, is about to launch its fifth fund in its nearly 80 years of history. According to a story on Morningstar.com, Dodge & Cox has submitted paper to SEC for approval of a Global Stock Fund, which will be available for investors in [...]

Three incidents happened over the weekend made me feel the headache of the login processes at online banks and credit card companies. I appreciate all the improved security features that financial institutions are now adopting to prevent illegal access to others’ accounts as more and more people rely on conducting their financial activities online, but [...]

The Federal Trade Commission yesterday released a list of consumer fraud complaints in 2007. Again, identity theft related fraud tops the list, making up 32% of the total complaints. According to FTC, credit card fraud is the most common form of fraud. The report shows that in 2007, frauds cost consumer nearly $1.3 billion, with [...]

So what does it take to become a millionaire? If you Google “how to become a millionaire,” you will find a lot of suggestions, including a very popular post from Jeremy at Generation X Finance, one from Free Money Finance, as well as the latest addition on Blueprint for Financial Prosperity. While I agree that [...]

I received the following tax tips from Nancy Colson, who represents J. K. Lasser, a tax expert. After obtaining a permission, I decided to post these tips here to share with everybody since I feel they are quite helpful in this tax season. For more information, visit www.jklasser.com.    Mistakes and Potential Pitfalls Not filing [...]