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 [...]
Photo by: ninjapoodlesI grew up clipping every single food coupon from every single paper we could find. We’d ping our neighbors and relatives if we saw something worth clipping that didn’t have a limit on the number of coupons. We often times walk into the grocery store with a coupon for every item. [...]
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 [...]
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 [...]
Photo by: Daquella maneraHow many of you use your 401k for your everything bucket? I’ve overheard friends and family talk about their 401k like their “all for one long term savings account” saying things like, “I’m going to use my 401k for my kids education” or “my 401k is used for both me and my [...]
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. [...]
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 [...]
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 [...]
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 [...]
