Weekly Wrap: The Rich and the Bankrupt

Amy He

By Amy He
Updated on Mon Jul 21, 2014

This week, Forbes released their annual billionaires list and Casey Anthony went to bankruptcy court, ironically both things happening on the same day. Ah, the rich famous and the bankrupt famous.

We break down numbers larger than we can possibly imagine. Anthony claims almost $800K in liabilities, and newcomer Tory Burch makes it onto the billionaires list for the first time.

This week in banking, PerkStreet unveils new savings accounts and mobile apps for their customers. PerkStreet is known for their cashback checking accounts, so this is an expansion in services for PerkStreet customers.

The 7 international robbers that we highlighted are part of history now, but they all attempted some big heists that didn’t end so badly. Hey, it’s kind of like the bankers who broke the economy…

Tax season is heading into its final month, and we take a look at 5 different apps that are helpful for those who need some assistance outside of consulting an accountant. We also have a new, fully-loaded tax center for all your tax questions.

In Simon’s column, he discusses why it might be more beneficial to dream a little smaller in our financial lives. The economy is sluggish and may not pick up for a while, so it might be a little more realistic to underestimate our financial goals.

Did you recently lose or leave your job? We have some tips on what you should do with your retirement plan, including rolling it over and cashing out the plan altogether.

Speaking of jobs, the unemployment rate fell to the lowest since the economy tumbled in December of 2008, a welcome piece of news if there ever was any. The 7.7 percent rate, however, is still not the 6.5 that the Federal Reserve wants it to be before raising interest rates.

Capital One has some new commercials out for their Venture card, featuring Charles Barkley and Alec Baldwin just in time for March Madness. Watch the outtakes and get a good laugh!

Don’t forget that Daylight Saving is this Sunday, so set your clock one hour back. It’ll be rough on Monday, but it’ll be okay. Have a good weekend!


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