Money Magazine’s new list of best mutual funds. Plus: 5 perfect money makeovers.
Money 70: Best funds
Use these picks to fill any hole in your portfolio.
Make it easy on your heirs
A Mother’s Day cookout, appropriately enough, was when I first heard about the “death letter.” At least that’s what Bonny Kramer, the mother of my next-door neighbor Jodie, called it.
Say goodbye to dog-eat-dog
After 20 years in corporate sales, Pam Gaber was ready for a change. As a vice president of the veterinary division of a major pharmaceutical concern, she traveled around the world, earned a mid-six-figure salary and lived a life free from financial worry in Arizona with her husband Mike, a chief financial officer for a home-building company.
Baby boom - Cash crunch
In the fall of 2003, Dennis and Beth Albiani had their future perfectly planned. They’d purchased 18 acres of rolling hills at the foot of California’s Sierra Nevada near Sacramento, where they were preparing to build their 3,400-square-foot dream house.
Small Business, Big Disaster (BusinessWeek Online)
BusinessWeek Online - Lisa and Robert McIlwain are living a business owner's nightmare. It started when a tornado with 157 mph winds ripped through Fun Zone, their Montgomery (Ala.) skating rink and family entertainment center on Nov. 15, 2006. Although the 31 children and 11 staff members trapped inside the center survived, the 50-employee, $2.5 million business was wiped out. Fun Zone was the only source of income for the couple, who have six children. Their insurance payment went to pay off the mortgage on the damaged property.
Reuters - American Home Mortgage Investment Corp. filed for Chapter 11 bankruptcy protection after rising customer defaults and unfriendly credit markets brought the once-thriving lender to its knees.
