Don't use your retirement savings to pay off debt, especially if you don't have a lot of debt or high interest rates. Q: My wife and I are both 47 years old and we both have Roth IRAs that we are maxing out each year. We have a total balance between the two accounts of [...]
Evaluate the pros and cons of renting versus home ownership before considering withdrawing from your 401k to pay for a home down payment. Q: My husband is considering taking part of our 401k after we retire and cashing it in. He wants to use that money as a large down payment on a home. It wouldn't be [...]
You never know when some type of natural disaster will befall you—one can strike at any time. If you want to get through an emergency as smoothly as possible, you need to be ready now. Following basic principles of emergency preparedness can ensure your family is ready for whatever happens—or at least is a little [...]
As you send your child off to college, you’ll want to make sure that he or she is properly protected with the right kind of insurance. While there are definitely some types of insurance college students don’t need, here are three types of insurance to consider getting for them: 1. Auto insurance State laws require [...]
We are not all blessed with perfect credit. In fact, in today’s economy, people who used to pride themselves on their perfect credit are devastated when they witness the destruction of their finances and their credit score. But life must go on. What do you do? Over the years, I’ve worked with people who’ve experienced [...]
One of the worst feelings in the world is not knowing whether you have enough money to pay your bills. It also can be difficult when you don’t know from where your next paycheck will be coming. Financial insecurity can cause stress and anxiety in your life, and it can contribute to strain in your [...]
John Wasik, Lynn O’Shaughnessy, Dr. Stan Humphries and Liz Weston join me to talk about hot topics in personal finance and real estate on the Ilyce Glink Show on October 7, 2012 at 12:00 Central Time on WSB Radio. My weekly show always contains various forms of personal finance advice but today I have invited [...]
