Confused by the difference between bond yields and bond coupons? Then check out a new Web page launched by NASD . The Smart Bond Investing online learning center explains the basics of bonds and the different types, including junk, corporate, and government issues. You'll also get access to real-time corporate bond prices and an interactive accrued-interest calculator.
Only 13 percent of 401(k) retirement plan participants who could make catch-up contributions to their nest eggs actually did so, says a study by The Vanguard Group, which looked at approximately 2,000 plans that it administers. High-earners were more likely to fatten their retirement accounts, but even the majority of them didn't make extra contributions. For 401(k) participants earning between $125,000 and $149,999, 22 percent made catch-up contributions, while 32 percent of those earning $150,000 or more did so. On average, participants added an extra $2,207 to their retirement plans in 2004. People who are at least 50 years old were permitted under federal law to contribute an additional $3,000 to their retirement accounts last year, on top of the regular contribution limit of $13,000.
New York City and Los Angeles rank first and second, respectively, as the most expensive North American cities to live in, but 13th and 44th in the world, says a survey by Mercer Human Resource Consulting. San Francisco (50th), Chicago (52nd), and Washington, DC, (78th) also ranked among the 100 most expensive places. Here, in order, are the top 10: