The past several years have been rough on many 401(k) participants. The 2008–9 market decline had a devastating impact on many participants nearing retirement. The press, and many annuity salespeople, have had a field day bashing the 401(k) as a poor retirement savings vehicle. The reality is that 401(k) accounts are a part of your [...]
Q: I have a question and I can't seem to find the answer on the Internet. Perhaps mine is not a common situation. I own a single family home that I rented out. The house was too big for me. Now I live in an apartment that I pay rent for. Is the rent I [...]
Save Money Every Day on the Ilyce Glink Show May 15, 2011: The decisions you make every day about how you spend your money will dictate how wealthy you are later in life. The genesis of this show came from the nearly 10,000 miles I've logged in the past few weeks speaking to thousands of [...]
Jobs, Unemployment and the Spring/Summer Housing Forecast on the Ilyce Glink Show May 8, 2011: U.S. nonfarm payrolls jumped 244,000 in April, well ahead of expectations. But the official unemployment rate jumped from 8.8 percent to 9 percent. Why? This week, President Obama took on Big Oil by talking about how super-high gas prices are [...]
This Week's Segment with Mark Teytel: Foreclosure and Short Sale Expert GetOutStartOver.com Brett called into the show this week while driving around looking at houses. He found a short sale he likes. The neighborhood is perfect. The only problem is that the seller is not behind on his payments and owes more than what the [...]
Thinking about how to teach your kids to save money? That's how we kicked off today's Ilyce Glink radio show. I shared a story about how we would give our kids a fixed amount of money when we'd go on vacation. If we gave the kids $20, they learned quickly that if they spent all [...]
Home Repairs: Do It Yourself or Hire Help? Spring is here, and so is the time to make all those home repairs you have been putting off all winter. But do you do the repairs yourself or hire a contractor? There are pros and cons to each option. Minor repairs, like painting trim and getting [...]
Q: I bought a small farm using money from selling my other farm and taking money from my IRA. Because of the large income tax I was going to have to pay on the withdrawal and today’s historic low interest rates, we decided to get a small mortgage of about $60,000 on a $350,000 purchase. [...]
Q: I am 66 years old and I bought my existing two-story home in November 2007 for about $235,000. The outstanding mortgage balance is $180,000. I wish to move to a single story home of similar value, but I do not have a job and am not yet retired, so I really have no regular [...]
The Mortgage Bankers Association announced this week that the number of delinquent homeowners rose a little in the first quarter of 2011, but over the course of a year, the number has dropped substantially. According to the MBA delinquency survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted [...]
