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Posted in Liz's Blog
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10/7 2009

Today’s must-reads: Banker propaganda, smart phone dangers and VAs

Plans to get rich
Creative Commons License photo credit: kattebelletje

My buddies on Twitter help me find a lot of great money-related blogs and articles, and today was no exception. Here are three you shouldn’t miss:

How the banking industry wants you to think about overdraft fees. Chris Walters at The Consumerist does a brilliant job of dissecting a particularly absurd press release defending the banking industry’s indefensible overdraft practices.

iPhone data roaming switch is problematic. Yes, the headline seems designed to put you to sleep, but here’s the real story: If you travel out of the country, you could inadvertently rack up hundreds of dollars in fees from your carrier because of a hidden setting in your iPhone or Blackberry. I checked, and mine was switched “on,” even though iPhone insists the default setting is “off.”

Guaranteed income, but at what cost? This posted a week ago, but I just saw it thanks to FMF’s Personal Finance Roundup on Consumerist. Money Magazine’s Walter Updegrave does an excellent job summarizing the risks and rewards of today’s variable annuities.

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