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Refi rescue, road map to the rich life & dark secrets of debit cards - Today in Money 9/13

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In the News:

ATM Surcharges Set to Soar
In a move that's expected to prompt higher fees industrywide, Bank of America has raised, to $3, the amount it charges non-customers to withdraw cash from most of its ATMs.
Bank of America raises ATM surcharge - USATODAY.com


Mortgage Help on the Way - Refi Rescue

Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure.
Refi rescue for some facing ARM resets -
Also: Fed Could Ease Mortgage Reset Shock
Also: A Home Loan Trap - High fees for early payment can prevent escape for homeowners trying to escape from ARMs.


Road Map to a Rich Life

It's Money Magazine's 35th anniversary. In its honor, here are 47 smart ways to get on track to a rich life.
Road map to a rich life | Money Magazine
Also: 5 Money Dreams - For baby boomers, five cherished lifetime goals. And five smart game plans for making them come true.


The Dark Secrets of Debit Cards

Why do banks push debit cards for every purchase you make? Because they stand to make millions--largely at your expense. Quietly but surely, a revolution is under way in how we pay for everything from a cup of coffee to our monthly electric bill. Continuing a climb that started a decade ago, debit cards are now preferred over credit cards by those American consumers who use plastic for their in-store purchases.
ConsumerReports.org - The dark secrets of debit


The High Tax Cost of Winning

What happens when you win an expected high-value prize or cash? Here is one person's story and the tax implications.
Unexpected prize carries high tax cost

Is Canada for Sale?

Many of Canada's best-known companies have been bought by foreigners. Even easygoing Canadians are wondering what can be done about it.
Canada's largest companies feel squeeze of the buyout boom - FORTUNE
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Last updated: November 14, 2009: 05:13 PM

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