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Practical money tips for rocky times

Money is at the top of many minds these days, and that means questions are flooding my inbox. Here are a few answers that should help give a bit of clarity in this confusing and rocky economy. If you don't need the money for daily living, then no, don't pull it out of your 401(k), where it is protected and can grow, tax-deferred. What I think you're saying is that you want to move the money to a safe place. There's a lot of confusion over this because people think that a 401(k) or an IRA is synonymous with stocks. In reality, those accounts are just the basket for your contributions — you can invest the money any way you like. At your age, you should only have about 40 percent of that money in stocks. The rest can be in safer places, like the money market option within your 401(k).

Debt Management and Credit Card Debt Relief Success Hinge on Cards Used, Says Accelerated Debt Consolidation

Titan Plans Debt as High-Yield Bond Sales Poised to Rise: New Issue Alert

Titan International Inc. , the maker of tires and wheels for off-highway vehicles, plans to sell debt as sales of high-yield, high-risk company bonds may be poised to surge.

High-Yield Debt Sales Stall as Economy Slows, Returns Fade: New Bond Alert

Companies are planning to sell at least $4.25 billion of debt as offerings of high-yield, high- risk bonds halted for a seventh trading day amid signs of a slowing economy.

Ball Announces Plans to Consolidate Salmon Can Plant Production

Ball Corporation announced today plans to consolidate the production equipment in its Richmond, British Columbia, plant into other company manufacturing facilities. The Richmond plant, which produces steel food cans, will cease production during the first quarter of 2011 and its customers will be served by other Ball facilities.