Details From The Ilyce Glink Show Today
We had a great show today. Here are the retirement calculator links I talked about:
www.analyzenow.com Click on "free programs." http://cgi.money.cnn.com/tools/ Money magazine's website. Click on the retirement planning calculators for guidance.
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Find A Great Financial Planner
Alyce is self-employed earning $150,000 to $300,000 per year. She has no retirement plans, but is selling property and after taxes are paid will net $600,000. I advised her that she needed to talk to a financial advisor who can help her set up a self-employed 401(k) (where she can put away up to…
When you have a modest income, it can be difficult to make all your monthly payments and put aside savings. However, if you can manage to build up a savings, it might be worthwhile to pay off your mortgage. If you start saving your monthly mortgage payments, you will build up your savings in no…
Kids And Money: More On teaching Your Child To invest
I've been looking around for additional resources for parents who want to teach their kids about money.
If you want to invest in a mutual fund that caters to kids, you might try:
Royce Trust & Giftshares Fund (RYGCX) www.roycefunds.com
Columbia Young Investors Fund www.columbiafunds.org
Stein Roe…
Stephanie called in to the Clark Howard Show today wondering how to educate herself and her child on investing. (He's ready to take on Wall Street.)
If you're in the same boat, here are some resources that can help:
Janet Bodnar has written "Investing for Kids". I've met Janet. She is Dr. Tightwad and…
Book Review: Two Years To Be A Real Estate Millionaire
Real estate investing can be a profitable venture. Matthew Martinez began real estate investing by buying properties close to where he lived and never buying investment property with negative cash flow. In his new book, 2 Years to a Million in Real Estate, he tells the story of how he turned real…
Real Estate Minute: Diversifying Into International Investments
Real Estate Minute with Ilyce Glink Diversifying Into International Investments Original Air Date: July 5, 2006
A 1031 exchange is used by a real estate investor who wants to sell an investment property he or she owns but does not want to pay any taxes. To avoid the payment of taxes, he or she sets up a 1031 exchange with one of the many companies that provides this service. In essence, the 1031 exchange…
Investment Strategies For Young Investors
Investing your money into a 401(k) is a great first step. But you also have to decide an investment strategy and know what your money is going into. Then you should monitor your investments and rebalance them as needed.
On the Ilyce Glink show today, we discussed how all you fathers, grandfathers, uncles (and mom, grandmothers and aunts) can help the recent college and graduate school graduates make their smartest move yet -- saving for retirement.
Here are the numbers that should help your graduate "get" how…
Retirement Investments And Estate Planning: Finding A Financial Advisor
There are several places to go to find a qualified financial advisor to help you decide on retirement investments and estate planning. Flat fee financial advisors who can assist you on decisions dealing with retirement investments and estate planning is through the Garret Planning Network. The…
Paying Off Mortgage Brings Peace Of Mind
Should a homeowner take the proceeds from selling a business and pay off her mortgage? Paying off a mortgage is a good way to reduce your out-of-pocket cash expenditures each month. However, you have to make sure that you make enough by saving on interest, than you would if you invested the money…
If you have the extra money, is it better to invest it or pay off your mortgage? The decision depends on where the money will go if you want to invest it.
Refinancing Mortgage On Inheritance Property
How do you refinance the mortgage you receive as part of an inheritance? There are several options available you as the inheritor of real estate. You can refinance the mortgage or leave the loan as is, depending on the current interest rate.
Try These Sites For A Financial Advisor
I'm often asked how an investor can find a great financial advisor. I've interviewed hundreds of financial advisors over the years, and in a media interview most of them sound pretty knowledgeable. Well, at least they're quotable for a television news report or in a newspaper column.
But when it…
This Sunday's Show On WSB - May 21, 2006
As the spring blossoms are pushing up, so are new scams emerging. There's a new scam that's operating in some parts of the country involving teeth whiteners. But instead of getting their teeth whitened, folks are getting their bank accounts cleaned out. I'll have more on this scam and a few others…
Renting A Residence and Owning Investment Property
Many people live in communities where they can afford to rent, but not buy. It may be a good idea to buy investment property in a different, more affordable, community. But there are precautions to buying investment property that isn't close enough for you to maintain and keep an eye on.
When you lose your job or get laid off you may have retirement money in a company account. When you no longer work for that company you likely have to move your money from a company IRA or 401(k) plan to another retirement vehicle such as a traditional IRA. How can you find the right rollover IRA to…
Sorting Out The Ks And Qs And Reading Between The Lines
I spent most of yesterday in the basement conference room of the 410 Club. The 410 Club is located in the renown Wrigley Building, a beautiful piece of white architecture that sits on the Chicago River, next to where Donald Trump is building his newest creation (Trump Chicago -- or whatever he is…
Today On The Clark Howard Show
Here are some of the topics and information we discussed today on the Clark Howard Show:
IRS E-MAIL SCAMS: Watch out for these. They look legitimate, like they really were sent from the IRS. The logos and graphics are pretty good. But, it's a scam. The IRS will only contact you by email if YOU first…
Structuring Real Estate Investment Properties
A real estate investors have created an LLC to separate their personal and business properties. They are having trouble financing due to an increase debt to income ratio. If a large part of your income is from your real estate business or you have enough buildings to affect your income, many…
ThinkGlink Radio Show for Mar 5, 2006
Ilyce starts the show off by talking about a Washington Post column that deals with the new issues in mortgage lending. Ilyce then takes calls on topics from investing fraud to how to sell an estate property.
Cash Out Refinance To Purchase Investment Property
Can you use home equity to purchase investment property? Or should you do a cash-out refinance? Current tax law allows you to borrow up to $1 million on a first mortgage and up to $100,000 on a home equity loan and still deduct the interest paid. But when it comes to investment real estate, the real…
ThinkGlink Radio Show for Feb 26, 2006
Ilyce discusses the rising cost of health insurance. Ilyce then takes calls on a range of topics, including investing in a 403(b) and questions about healthcare problems.
Continuing The Saga Of 12DailyPro.com And StormPay.com
The feds are moving in on 12dailypro.com and StormPay.com and not a moment too soon. Well, it is going to be too soon for those folks who have talked to the Wall Street Journal and blogged how much money they "lost" and how much more they were "owed."
It seems there are plenty of people who know…
