• Another Way To Turn A Few Extra Bucks In ANY Economic Situation

    We’ve had a post (or 2 or 3) go across here preaching several ways to make money online with today’s tricky economic woes.  Well, we’ve stumbled across another (Thanks Pete). Pete has cashed in a few hundred dollars with the site and has sold me on it.  Once you get the ball rolling, it REALLY [...]

  • How Much Should I Save Per Paycheck To Reach My Retirement Goals?

    This question is another tricky one because it depends on who is asking it. If you’re 18 and asking this question, well, I’d say you’re starting off right by asking, and if you are putting away 10% – even if you’re only making $20,000 per year, you’re saving $2,000/year and in 50 years you’d [...]

  • My Friend Just Got Offered 290k To Work In Iraq – Would You?

    Plonkee inspired me the other day in writing “would you move for a lower cost of living? to craft up an “other side of the coin” post to ponder – How much would it cost for YOU to move to a war torn area for a year in search of big bucks?
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  • Dream More, Work Less

    This year’s been really good for me, maybe not financially with the recent market plunge, but that’ll be back; I’m not worried.  It has been good enough to make me think something bad is lurking in the shadows, narrowing its eyes and biding its time.
    I’ve got my ducks in a row, my fingers crossed, and [...]

  • How Much Money Do You Make?

    It’s looked down on in a lot of circles to inquire, and maybe even rude in others and here at the MiB, we’re looking to dig deep into the depths of the questions.  Are you happy with your income?  Is your spouse?  Do your kids know how much you make?  What’s the standard?  How does [...]

  • Other Recent Articles

  • Does My Beneficiary Have To Pay Taxes On My Life Insurance Policy When I Die?

    Photo by: lyndsey_matthews
    Hello Hank, I see you have a Universal Life Insurance policy also. Do you know if it is taxed when I “expire”? Barney from North Carolina
    Hey Barney, I actually DO know the answer to that. I checked with my accountant to be 100% sure and he agreed with me that [...]

    Mar 14, 2010 | 0 comments | View Post

  • Should I Hire An Accountant Or Do My Taxes On My Own?

    Photo by: herzogbrMy old man used to tell me, “Hank, you want to find yourself a CPA that will walk you RIGHT UP TO the door of jail, but not let you go in.” I think that’s pretty good advice – take what you can, when you can (legally) because the Government is not [...]

    Mar 05, 2010 | 0 comments | View Post

  • Should I Go To College Or Graduate School To Make More Money?

    Should I Go To College Or Graduate School To Make More Money?

    A question as old as college I suppose. Colleges need to make money too! What better way to market it than to say you’re DEFINITELY make more money by attending it. Colleges have marketing departments also; they’re businesses just like Walmart and Macys. They’re in the game to make money. [...]

    Feb 21, 2010 | 6 comments | View Post

  • Can I Fund My Spouses IRA If They Don’t Work?

    Photo by: dittaeva
    Dear Hank – My wife is a stay at home mom. With a traditional IRA she is eligible for the “spousal IRA.” Can she open a Roth IRA as her spousal IRA, meaning I can invest $8,000 of my income, with half of that in her name? – Peter from Mississippi
    Hey Peter [...]

    Feb 18, 2010 | 0 comments | View Post

  • Can I Fund a ROTH IRA Account That Belongs To My Parents?

    Photo by: Seamus Murray
    Another reader request asked:
    My mother is 57, has no retirement $$$, and works full-time making about $25,000/year. I want to open a ROTH for her for Christmas, can I? – Shannon from Montana
    Hello Shannon – how nice of you to think of Mom for the holidays! Congrats to [...]

    Feb 15, 2010 | 0 comments | View Post