My mother is not very financially savvy – and when I try to explain anything to her; it can often times take the better part of an hour. It may be her age or the fact she never had any financial education being a stay at home mom, but I like to try to give [...]
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 your [...]
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 going [...]
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 [...]
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: 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 [...]
So after writing about how my Edward Jones ROTH IRA was invested in “B shares” of NFPBX and no response back from my Edward Jones rep questioning him if I could get out without paying the 5% deferred load or reallocate the funds elsewhere, I figured it was time to do something about it, and [...]
So I decided to try out Flexo’s monthly expense template, and it isn’t looking too promising for me this month. I’m doling out more than I am taking in this month. Off the top, that sounds like it is bad, but really it isn’t TOO bad. I figured my cash allowance was high this past [...]
Climbing out of debt can be hard, but it is certainly possible. I initially started searching Personal Fianance Blogs a year ago to find a way to climb out of debt myself. RedCouch hosts a blog and isn’t so sure about them, but they’re thriving and helping now! There were not as many as there [...]
So one of the biggest steps after deciding that you want to save money is deciding WHERE to put the money? There are so many options out there, and so many different people suggesting places to put it. I’ve actually lurked on dozens of sites that have their own choices on where they put their [...]
