Category: Net Worth

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. [...]

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 [...]

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
Fidelity Freedom 2040 FFFFX
What exactly [...]

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 [...]

Should I Use My 401k To Pay Off My Mortgage?

Should I Use My 401k To Pay Off My Mortgage?

I got an email from a reader yesterday that asked:
“Hello Hank, I’ve been with my company for almost 20 years and I have over $1,000,000 in my 401k.  I am 45 years old and I have a house mortgage still of $295,000 for another 13 years paying about $2000 per month.  Would it make sense [...]

My Edward Jones ROTH IRA Account Is Invested Nn B Shares – Is That Good?

My Edward Jones ROTH IRA Account Is Invested Nn B Shares – Is That Good?

So I met with my Edward Jones rep 2 weeks ago and he informed me that my ROTH IRA is being invested 100% in NPFBX. Keep in mind, 9 months ago, my goal was to just get a ROTH IRA started again. Now that I’m a bit futher along in my journey, [...]