My brother mentioned setting my mother up with a reverse mortgage over the holiday break, so I thought I would do some research on what is was and if it was a good idea. I had heard of it before and I have a basic understanding of it, but I figured there had to be [...]
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. Do you NEED to go [...]
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 you [...]
Photo by: dave mcmtSo I’ve done it – after debating for about 2 months and trying to convince myself that I DIDN’T make a bad investment in getting in on this, I’ve come to my senses. I admit it, I made a bad mistake 5 years ago to purchase my Hartford Life Universal Life Insurance [...]
Photo by: Ricky Irvine Hank – quick one for you. Are 12-b-1 fees included in an expense ratio of a mutual fund? – Jay from Kansas Hey Jay – quick answer back to you. No. Click the image below to enlarge: You’ll notice it is a SEPARATE fee. But also keep in my that all [...]
Hank, I just got a raise at work from $35,000AUD to $42,000AUD – what is that percentage of increase, more so, how do I calculate it? – Gerald from Perth Hey Gerald – good question, people wonder that more than you think. So the way to calculate a percent increase between two numbers: 1. Take [...]
Photo by: emdot Only 0 days 5 hours 2 minutes left until Hanks Holiday Handout drawing! To make my goal of having my net worth be $1,000,000USD by 2020 I need to have a plan laid out. Yes it will change through the years, My wife and I will get raises; we won’t get the [...]
Only 5 days 2 hours 14 minutes left until Hanks Holiday Handout drawing! Good Morning Hank, I was reading this article from Morningstar and they said in it: “Mutual funds are required by law to pass along any income and capital gains they’ve earned throughout the year. These distributions typically take place near year end, [...]
Only 5 days 5 hours 02 minutes left until Hanks Holiday Handout drawing! Hank – I have a few “target date” mutual funds in my 401k plan from Fidelity. They are: Fidelity Freedom 2010 FFFCX Fidelity Freedom 2015 FFVFX Fidelity Freedom 2020 FFFDX Fidelity Freedom 2025 FFTWX Fidelity Freedom 2030 FFFEX Fidelity Freedom 2035 FFTHX [...]
Only 8 days 3 hours 35 minutes left until Hanks Holiday Handout drawing! Sorry I’m behind on a few of the readers requests, it has been a busy month for sure! But this was a fairly straight forward answer to Ben. Hi Hank – You have posted a few times about the high yield savings [...]
