I recently received a delightful letter from a college student who wanted my advice about investing for retirement. I say delightful because I simply don’t get many money management for college students requests, especially about retirement planning.
My Answer to Reader: Do the Math and Leave Your 401(k) Alone
A reader recently wrote the following comment on my post 4 Reasons You Should Not Use Your 401k to Pay Off Your Credit Card so I have pasted both the comment and my answer, hoping that you readers will help scrutinize my logic and point out any flaws you may notice. Obviously, I made some […]
Purchasing a Foreclosure or Short Sale? — Things to Consider
A recent article in Money magazine about purchasing a home through a short sale or foreclosure really piqued my interest. With over one million unsold foreclosures and 550,000 probable short sales, the market is full of buying opportunities. To add to those numbers, RealtyTrac predicted that another 1.4 million properties would be added to these […]
Should Christians Use Faith Based Mutual Funds?
According to the Social Investment Forum, socially responsible investing (SRI) makes up over 12% of all U.S. invested funds. SRI mutual funds screen out investments in companies that are harmful to individuals, the community or the environment. With over 250 SRI mutual funds available, it’s easy to see how popular of a choice it is […]
5 Roth Conversion Myths
2010 is the big year for Roth Conversions. The $100,000 adjusted gross income threshold is gone forever, allowing anyone at any income level to convert their traditional IRAs to Roths. Also, for this year and this year only, Congress has made the conversion not so painful; you are allowed to report half of the […]