Category: Net Worth

What Does It Mean When The Federal Reserve Cuts Interest Rates?

Photo by: gerrietWe hear all this talk about how the “Feds are lowing rates again today” on the news a lot recently, and that we’re falling into a recession. But what does all that mean? How does that help me in the situation I’m in? What do I do now as far as investing?Well, to [...]

What Do I Do During a Bear Market?  What Do I Invest In?

What Do I Do During a Bear Market? What Do I Invest In?

Photo by: artct45If you’re between 20-40 years old, don’t do anything. Stay where you’re at, markets fluxuate. That is their nature and that should have been something you learned before you got it. If this is your first time hearing about it, don’t worry and more importantly, don’t run. Let the traders panic. That is [...]

Another Way To Make Money Online; Courtesy Of Microsoft…

Photo by: A Fighting FaithNo, I’m not talking about the ol’ “Bill Gates will send you money if you forward this email” spoof.  I am talking about Microsoft’s Usability Research team.  Clearly Microsoft has a lot of new products that need testing, and it can’t all be done in house; they need a larger audience [...]

Should I Take Out A Reverse Mortgage On My House?

Should I Take Out A Reverse Mortgage On My House?

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 [...]

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. Do you NEED to go [...]

Goodbye To My Universal Life Insurance From Hartford Mutual

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 [...]

How Do I Plan To Reach My Investing Goals For Retirement?

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 [...]

What Is A Target Date Mutual Fund And Should I Use It?

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 [...]

I’m Ditching My Edward Jones Deferred-Loaded, “B” Shares ROTH IRA

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 [...]

How Many ROTH IRA Accounts Can I Have Open? Can I Have Multiple?

Short answer, yes. I was considering just leaving this at that, but I figured I’d add a few extra lines to better seal the deal. So in writing My Edward Jones ROTH IRA account is invested in B shares – Is that good? I researched that same question because I was fed up with getting [...]