November 13, 2012
DEAR HARRY: I will be 70 1/2 next year. I have two traditional IRA accounts. One is in a credit union for $70,000, and the other is in a Morgan Stanley account for $67,000. I know I must start withdrawing from my IRAs, but I have some confusion. Do I have to take money from each account? If so, how do I determine how much from each? I have no special reason for having two IRAs; I just did it over a lot of years. And how about after I take the money out? Are there any special regulations as to what I am able to do with it?
October 30, 2012 |
Twenty years after Lynn Yeakel challenged Arlen Specter for the U.S. Senate, the idea that 1992 was the "year of the woman" seems as quaint as it does sad. If Yeakel had won, she would have been the first female senator from Pennsylvania. No woman has come close since. No woman has ever been the state's governor. Only one woman serves in the state's congressional delegation. No woman has ever been elected mayor in the commonwealth's largest city. And among the 50 state legislatures, Pennsylvania ranks 43d in the proportion of women, only 17 percent.
September 29, 2012 |
Sallie Mae may be a low-interest kind of gal, but she's nothing if not persistent. And she wants her money every month. If you're the loan-poor parent of a college student, you know what I'm talking about. College tuition has skyrocketed since 1985 and become downright unaffordable for most American households, whether they belong to the 47 percent or not. For families in the lowest income group, college is the second-largest expense, pricing out plenty of would-be students - you know, the ones Mitt Romney claims don't take responsibility for their own lives.
September 22, 2012 |
From the beginning, Mitt Romney scared me because of his troubling tendency to lie whenever it suited his political purposes. God forbid that a measly fact would get in the way of his privileged path to the presidency. But after having a few days to digest the Republican nominee's most recent reprehensible comments, caught on tape at a $50,000-a-plate fund-raiser, I've concluded that it's not Romney's lies that would make him such a terrible president. It's his truths. Ironically, even his truths are lies.
July 2, 2012 |
A Hologram for the King By Dave Eggers McSweeney's Books. 317 pp. $25 Reviewed by Steven Rea The nuclear family exploded long ago. The IOUs are stacked high. Foreclosure looks inevitable. He can't pay his daughter's college tuition — he's going to have to tell her she can't return for another semester — and every scheme to right the ship has turned wrong. In Dave Eggers' deft and darkly comic A Hologram for the King, Alan Clay, a 54-year-old businessman, is staring into the abyss.
June 14, 2012 |
When those college tuition bills come in, be prepared for sticker shock - especially at Penn State. The average tuition at a four-year public university climbed 15 percent between 2008 and 2010, fueled by state budget cuts for higher education and increases of 40 percent and more at universities in states like Georgia, Arizona, and California. The U.S. Department of Education's annual look at college affordability also found significant price increases at the nation's private universities, including at for-profit institutions, where the net price for some schools is now twice as high as Harvard's.
May 17, 2012 |
Leon T. Mingo was not exactly a poker shark. He and some old pals would get together every other weekend. They weren't poker sharks, either. "He would come home, saying, ‘I won!' and pull out his $1.25 take," said his wife, Della Mingo. "They played for quarters, so the time together was the big thing. " Family and friends were what shaped Leon's life and gave it meaning. Loyalty and devotion were his major characteristics. Some family members and friends who were down on their luck or just trying to find themselves would be welcomed to stay in his home — sometimes for years — until they were able to strike out on their own. Leon Mingo, a Navy veteran who suffered a disabling injury while serving aboard an aircraft carrier in 1967, a man of wide knowledge respected by many friends who sought him out for an education that came with their friendship, died of pancreatic cancer on May 12. He was 72 and lived in East Norriton, but had lived many years in East Oak Lane.
April 9, 2012 |
By John Braxton ?and Stephen Jones City Council will hold a hearing on the Community College of Philadelphia's budget on Tuesday, and it could be standing-room only. The college's slogan is "The Path to Possibilities," but when it comes to spending, it has lost its way. The college's primary mission is to provide education and training for working- and middle-class students. But it has become the most expensive community college in the state, with tuition and fees accounting for more than 50 percent of its operating budget.
February 20, 2012
DESPITE GOP rival Rick Santorum's claim to the contrary, President Obama never said that every American youth should go to college. However, he does have a number of proposals - some of them probably dead in the political water - that could mean more diplomas for more young people. Since taking office in 2009, the president claims credit for several successful reforms targeting college affordability - including increasing awards of Pell Grants to 50 percent more students, a cap on student-loan repayments and a tuition-tax credit worth as much as $2,500 per student.
January 28, 2012 |
ANN ARBOR, Mich. - President Obama embraced the idea of federal action to restrain the rapidly increasing cost of higher education, giving a boost to a policy idea that has been gaining steam. His proposal that colleges and universities cut costs or risk losing out on some federal aid was part of a larger package of "college affordability" ideas that the president unveiled Friday in a speech at the University of Michigan. Obama wants to increase funds for higher education, mostly through an expansion of federal loan programs.