<p>MoneyWatch contributor Jane Bryant Quinn is the author of the best-selling <i>Making the Most of Your Money Now</i>; <i>Everyone's Money Book</i>; and <i>Smart and Simple Financial Strategies for Busy People</i>. Her career includes a column syndicated by The Washington Post, a biweekly column in Newsweek, the CBS Morning and Evening News, and an online column at Bloomberg.com. She lives with her husband in New York City.</p>
If you're invested in bond mutual funds, relax. The Great Bond Collapse, touted by so many noisy commentators last month, has been put on indefinite hold. Fears of ramped up inflation and spikes in interest rates were premature. So make yourself a hot cup of herbal tea to calm your nerves and read the answers to your bond fund questions here.
What's high on the hit list in Washington DC today? The new Consumer Financial Protection Bureau, which was created to defend you from lying and predatory lenders. The financial industry hates the bureau and wants it gone. Their allies in the GOP have figured out a way to stop consumer protection in its tracks.
What if pre-retirement savers have been doing things all wrong? Instead of focusing on stocks, to grow money for your later years, advisors are turning to bonds and annuities, for their current income guarantees. The the number one question is how you're going to pay your bills when your paycheck stops.