Interesting Info regarding Financial Fitness!

Financial Briefs from your 401(k) team @ CAMI

As a value added service to your 401(k) plan, we are pleased to provide you with these financial articles. If you would like more information, please feel free to contact us.

>>> College Savings: How Much Do You Need Each Month? The ever-rising cost of college shows no sign of abating. According to the nonprofit College Board, tuition and fees for the 2010-2011 academic year at four-year public colleges increased on average by 7.9% from the previous year, to $7,605, for in-state students, and by 4.6%, to $8,535, for those from out of state. For private colleges, tuition and fees jumped an average of 4.5%, to $27,293. And that’s not counting room and board, books, supplies, and transportation, which together may add more than $10,000 to the yearly total. At many top private schools, the annual cost now runs more than $50,000. click for more . . .

>>> Economists See Limited Damage From Euro Crisis Since the Greek government first confessed it would be unable to pay its debts, investors have fretted that a bond crisis in Europe could be another Lehman Brothers disaster waiting to unravel the entire global economy. Even now, some two years later, headlines drip with apocalyptic dread: Greece “will” default, Portugal “will” follow, and the collateral damage “will” cost $1.35 trillion and wreck the euro zone forever. click for more . . .

>>> Should You Take Social Security Early Or Late? Assuming the Social Security system continues to operate without a hitch, you can begin receiving your retirement benefits early, late, or right on time. The best option depends on your personal circumstances. click for more . . .