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Friday, August 31, 2012

Personal Finance Daily: Friday's Personal Finance stories

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MarketWatch
Personal Finance Daily
AUGUST 31, 2012

Friday's Personal Finance stories

By MarketWatch

Personal Finance Daily
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Don't miss these top stories:

The next time you open your 401(k) statements and see what kind of fees you're paying for funds, you may be tempted to dump funds with higher expenses. But Bob Powell writes that you shouldn't panic.

Fees have always been there, but now require better disclosure. Don't make any rash decisions when you learn what you're paying. Instead, use the disclosures as an opportunity to review your entire retirement plan, Bob writes.

Read his story in today's Personal Finance pages, plus see a Realty Q&A about an organization that helps restore aging homes for those who need it the most. And read the last of MarketWatch's coverage on the Republican National Convention.

You're invited: A MarketWatch Retirement Adviser event

Planning to be in the New York area next month? You're invited to a MarketWatch Retirement Adviser special event, "From Retirement Savings to Income," in New York on Tuesday, Sept. 18.

Join us for a free breakfast and live panel discussion on the best way to convert your retirement assets into income. MarketWatch senior columnist Robert Powell will moderate the panel of some of the nation's leading retirement experts on which strategy—4% withdrawal, product-allocation with annuities, or time-segmentation—is best for retirement savers and the financial advisers who serve them.

Our guest panelists are John Olsen, principal of Olsen Financial Group; David Blanchett, head of retirement research for Morningstar Investment Management; and Farrell Dolan, principal at Farrell Dolan Associates. For details and to make a reservation for this free event, email us at MarketWatchevent@wsj.com .

Amy Hoak , Personal Finance writer

401(k) fee disclosures: Don't run to the exit

Don't do it. Don't make any rash decisions when you next open your 401(k) statements and see how much you are paying in fees for this and that fund. Don't just sell those funds with high expenses and buy those with low expenses.
401(k) fee disclosures: Don't run to the exit.


Home repairs for those who need it most

Lew Sichelman joins a thousand or so volunteers working under the auspices of Rebuilding Together to restore 30 aging homes in the Overbrook section of West Philadelphia.
Home repairs for those who need it most.


The return of small, impractical and sexy

Two of the hottest-selling cars in America right now are a pair of impractical sporty coupes designed to make the daily commute feel like a day at the races.
The return of small, impractical and sexy.


How to dodge the Fed (and get more yield)

Ben Bernanke's speech Friday in Jackson Hole, Wyo. didn't throw a bone to retirees and pre-retirees who face the bleak choice of keeping their money in low-yielding bonds or riskier stocks, writes Bob Powell. Here's how to get more yield without taking too much more risk.
How to dodge the Fed (and get more yield).


ECONOMY AND POLITICS

Romney touts jobs as heart of his plan

Former Massachusetts Gov. Mitt Romney pledged to help create millions of jobs and restore a united America in a prime time speech on Thursday night as he accepted the Republican nomination for president.
Romney touts jobs as heart of his plan.


Eastwood performance punctuates Romney's night

Mitt Romney accepts the Republican nomination for U.S. president, seeking to outline contrasts between his policy priorities and those of President Obama — after attention-grabbing podium performances by actor and director Clint Eastwood and GOP young gun Sen. Marco Rubio.
Eastwood performance punctuates Romney's night.


Can Romney convince jobs plan will work?

Republican presidential nominee may find it hard to convince electorate he can create 12 million jobs.
Can Romney convince jobs plan will work?


Consumer sentiment rises slightly in August

A survey of consumers about their view of the U.S. economy improved slightly in August, according to a report issued Friday.
Consumer sentiment rises slightly in August.


Bernanke: QE has and can work more

Federal Reserve Board Chairman Ben Bernanke calls the stagnation in the U.S. labor market a grave concern and says he is open to using more quantitative easing as needed to help.
Bernanke: QE has and can work more.


'QE3' is necessary, Bernanke suggests

The Federal Reserve will soon fire off another round of bond-buying in an effort to goose the economy and bring down the unemployment rate, Chairman Ben Bernanke hinted in his Jackson Hole speech, writes Rex Nutting.
'QE3' is necessary, Bernanke suggests.


A political war on women? No, a secret war on men

In today's America the real war is a war on men. Men against men. And they're losing badly, getting hostile, lashing out, creating market uncertainty, unpredictability, volatility.
A political war on women? No, a secret war on men.


Bundesbank chief considered quitting: report

A news report that Bundesbank President Jens Weidmann considered resigning in recent weeks underlines the depth of German central bank opposition to European Central Bank plans to undertake a new and more aggressive bond-buying program, economists say.
Bundesbank chief considered quitting: report.


INVESTING

A few choice words for Zynga

If you are losing at the addictive Words with Friends, maybe you are too smart to use the aw-sum two- and three-letter words it accepts. Al Lewis has a few other choice words for the game's creator, Zynga.
A few choice words for Zynga.


Obama's fuel standards don't add up

The new fuel requirements will make cars smaller and more expensive.
Obama's fuel standards don't add up.


For how long will Apple be the biggest?

The odds are against Apple, now that it has become the world's largest company. That's what Mark Hulbert argued a week ago, and after analyzing the many counter-arguments he's received since then, he still reaches the same conclusion.
For how long will Apple be the biggest?


Samsung not backing down after Apple win

Analysts are not too worried about Samsung Electronics Co. Ltd. in the smartphone market, even after last week's big patent trial loss to Apple. The company came back swinging with a new lineup of smartphones and tablets.
Samsung not backing down after Apple win.


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