401K Cash

Layoffs. A down Economy. For some, it’s been tough finding work. But one local entrepreneur is “re-inventing” himself, after his third pink slip. Don Heaberlin says he’s always wanted to open a coffee shop, so this time, he jumped! He took a gamble, using money from his 401K, and bought “Pikes Perk”, in downtown Colorado Springs. He says, “I see layoffs as an opportunity..they’re not fun..I …

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Plus a Wall Street analyst opinion on Stanley Inc.

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Seven-time Tour de France champion Lance Armstrong is going into commercial real estate. According to a news release today:

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Benefits: 401K, Paid Vacation, Holiday Pay.

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Signs show that the economy may be on the mend, but it could take many months before it translates into financially easier times. Still, cash strapped individuals are being forced to dip into their 401k accounts.

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More answers to your questions on taxes.

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Posting for Michael, who’s traveling:

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While the balance sheets of big investment banks are returning to profitability, the financial crisis continues to hammer away at regional banks.

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With a flood of new issuance and year-to-date gains averaging 50%, there’s worry of a bubble in high-yield bonds. Rising prices have sent average junk yields from 15% in February to 9% in October. Investors who still want in should proceed with caution and spread their bets.

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Today’s message from Exxon: Think, value, embrace natural gas.

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