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Moody's assigns top rating on Prairie Village bond issue

Porter Park in Prairie VillagePorter Park in Prairie VillageA $10.2 million bond offering from the city of Prairie Village has been rated Aa1 by Moody's Investors Service.

Proceeds from the general obligation bond sale will finance various projects,including park, public building, street and storm sewer improvements.

Moody's said the rating reflects the city's "affluent tax base, well managed financial operations that are expected to continue, alternate liquidity provided by the city's economic development fund reserves, and modest debt levels that are expected to remain affordable."

Submitted by Steve Rosen on November 3, 2009 - 1:01am.
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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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G. Douglas Dunham

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Submitted by FPA on April 9, 2009 - 2:00pm.
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