First let me assure you that ALL these companies offering this KNOW how to play the game. They’re not going to lose money on a deal. It’s just like when the casinos offer you a “comp” if you play long enough. They know the odds of you winning aren’t high, but if they dangle the [...]
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 [...]
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, I figured I’d [...]
I can almost guarantee that every person on the planet over the age of 15 has asked this question before. And there are a lot of answers for it that thousands (if not millions) of people will tell you how to spend your money if you don’t want to search for yourself. My blog is [...]
Why should I choose a ROTH IRA? Why should I choose a Traditional IRA? What’s the difference? I’ve been hit with both questions – The main advantage of a traditional IRA versus a Roth IRA is the tax benefits immediately realized. To receive the maximum tax benefits of a traditional IRA the taxpayer must have [...]
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 [...]
So let me start off by saying I have NOTHING against wonderful-big caked-lavishly flowered-thousand guested-giant gowned-enormous ringed weddings. I like (to attend) big weddings! They’re a lot of fun and should be the biggest day of your life! Nothing against the women readers either, I think you deserve your day in the sun, but realize what it [...]
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 [...]
I just got done reading a post from MyMoneyBlog that asked if you could really withdrawl from your ROTH. My first reaction was, sure, good idea! It’s a good investment vehicle that can draw good returns on good investments. Why not! But then I got to thinking I could invest that money elsewhere, after-tax in [...]
I am 28 years old and I have limited, but learning comprehension of how investing works. I wasn’t taught my my parents, I wasn’t taught by my school, I wasn’t taught by my friends. I came into learning about it more forced than anything else. I went backwards from the standard: Date–>Marry–>Save/Invest–>House–>Child. I went Date–>Child–>Marry–>Child–>House–> [...]
