The Daily Caller

The Daily Caller

Study: Raiding 401k for college expenses poses financial risks

Andrew Sachais
Contributor
Student protests lead Sallie Mae to alter fee

Parents who fund their children's college tuition by dipping into their 401k retirement accounts may be putting their financial future at risk, according to a study from Sallie Mae.

Anti-obesity campaigns hurting aluminum industry

4:12 AM 02/21/2013

The U.S. aluminum can industry is being hit hard as consumers switch from soft drinks to healthier options, such as water and iced teas, which are traditionally bottled in plastic or glass.

Congressman claims he has answer for banks’ moral hazard problem

4:17 PM 02/20/2013

California Republican Rep. John Campbell has a solution to address what he believes is a moral hazard problem affecting big banks, while protecting the nation's key banking system.

Obama’s gloomy sequester outlook would not take effect immediately

10:43 AM 02/20/2013

President Barack Obama painted a gloomy picture on Tuesday of the potential state of government operations, barring automatic budget cuts hit on March 1, but many believe that his emphasis on immediate danger is overstated.

Experts: Very unlikely Chinese government was unaware of cyberattacks

6:56 AM 02/20/2013

The Chinese government's claim that it had no prior knowledge of cyberattacks carried out in a location near Shanghai seems unlikely due to the sheer size of the operation, reports CNBC.

Are we in the next ‘Merger Wave’?

6:51 AM 02/20/2013

For the past several years companies have been focused on maintaining their financial forts, but with productivity reaching its tipping point, M&A looks to be back on the table.

Toy drone sells out on Amazon amid jokes from reviewers

11:42 AM 02/18/2013

Amid the controversy surrounding U.S. drone practices, toy maker Maisto International’s model Predator drones have sold out on Amazon.com as reviewers joke about how the toys can help children hone their killing skills.

Reader’s Digest seeks bankruptcy protection

10:57 AM 02/18/2013

The publisher of Reader's Digest, RDA Holding Co., has filed for bankruptcy after 91 years of publishing the classic magazine, according to The Associated Press. It is the second time the company has filed for Chapter 11 bankruptcy in four years.

U.S. sanctions effectively cut off Tehran lifeline

10:53 AM 02/16/2013

Increased sanctions imposed by the United States are killing off Turkey's longstanding gold-for-gas trade with Iran.

Michael Jordan picks Kobe over Lebron James

2:44 PM 02/15/2013

Michael Jordan said that, if given the choice, he would take Kobe Bryant over Lebron James.

Pre-school scrambles to fill empty classrooms for Obama visit

8:35 AM 02/15/2013

President Barack Obama visited a pre-kindergarten class on Thursday during a student holiday, prompting school officials to request that parents bring their children back to school in order to fill seats.

Injured star quaterback poised to start 2013 season, says Redskins insider

5:55 AM 02/15/2013

Although Washington Redskins quarterback and 2012 NFL Associated Press Rookie of the Year Robert Griffin III is still recovering from reconstructive knee surgery, team officials believe he will be ready to start by the first week of regulation play later this year.

Over-controlling parents make college-aged children depressed, study shows

3:26 PM 02/14/2013

Over-controlling parents can be doing more harm than good to their college-aged children, shows a study released Wednesday.

US Airways, American Airlines wait for merger approval

6:02 PM 02/13/2013

Regulators are expected to approve the merger of US Airways and American Airlines, which would create the world's largest carrier, reports Reuters.

China takes milder stance on North Korea nuclear testing

5:22 PM 02/13/2013

Fear of violence and political instability has led to China's milder stance on North Korean nuclear testing, Reuters reports.

Consumers’ weighed down by tax increases

5:03 PM 02/13/2013

The Commerce Department's January retail sales report reveal that consumers are burdened by payroll tax increases and higher gasoline prices.

The secret finances of the Vatican

5:06 AM 02/13/2013

Pope Benedict looks to have fallen short of reforming the Vatican's financial reputation, reports CNN.

US Postal Service losing footing in modern age

3:37 PM 02/08/2013

The U.S. Postal Service is losing traction to online communication, reports Reuters.

College graduates are the new subprime borrowers

10:14 AM 02/08/2013

With the estimated cost of attending a four year state college in America at $120,000, the average family of four should expect their children’s college to cost more than buying a home.