Monday, February 28, 2011

How are Gas Prices in your State?

Consumer Reports Cars Blog: A

February 28, 2011



Average gas prices--February 28, 2011




Gasoline prices are up by double digits in all areas around the country compared to the week before. The national gasoline average is $.68 above the price this time last year. Diesel fuel is about $.86 above this time last year.
National regular gasoline prices
Price Change from last week
Regular gasoline/gallon
$3.38 ↑ .19
Diesel fuel/gallon
$3.72 ↑ .14
Regional regular gasoline prices
East Coast
$3.36 ↑ .18
—New England
$3.39 ↑ .16
—Central Atlantic
$3.37 ↑ .16
—Lower Atlantic
$3.34 ↑ .21
Midwest
$3.37 ↑ .23
Gulf Coast
$3.25 ↑ .22
Rocky Mountain
$3.18 ↑ .11
West Coast
$3.62 ↑ .14
—California
$3.72 ↑ .16

verage gas prices--February 28, 2011

Saturday, February 19, 2011

Is your 401k what you thought it would be?

The 401(k) generation is beginning to retire, and it isn't a pretty sight.
The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases.
The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled by the Federal Reserve and analyzed by the Center for Retirement Research at Boston College for The Wall Street Journal. Even counting Social Security and any pensions or other savings, most 401(k) participants appear to have insufficient savings. Data from other sources also show big gaps between savings and what people need, and the financial crisis has made things worse.
This analysis uses estimates of 401(k) balances from the end of 2010 and of salaries from 2009. It assumes people need 85% of their working income after they retire in order to maintain their standard of living, a common yardstick.
Facing shortfalls, many people are postponing retirement, moving to cheaper housing, buying less-expensive food, cutting back on travel, taking bigger risks with their investments and making other sacrifices they never imagined.