It used to be that saving for college was a relatively simple process: if you wanted to save for your child’s college education, you put money away wherever it was convenient. Now, though, there are several types of specific savings plans that offer you benefits that your old coffee can’t compare with. They may not […]
In these financial times, many people are looking for ways to get a little more cash — usually in lump sum form. The thinking is that a lump sum could pay off debt, or cover medical bills. For those receiving some sort of settlement payment, or receiving annuity payments, it is tempting to turn to […]
Are you sick of the low yields of CDs? I am. Many of you have CDs that are coming to maturity soon, and Doug is one of those people with this very dilemma. Where should he put his money? Where would you? I have placed funds in a 10 month CD (21,500) @ 2.030% that […]
Depending solely on other people for your investment decisions can mean dying a slow death. Over the last few decades, the switch from employer-managed pension plans to self-managed retirement accounts (i.e., IRAs and 401k’s) has turned each person into his or her own pension fund manager. Financial advisors often compare this switch to a scenario […]
One of the hottest investment topics right now is that of gold, and everyone is taking notice. You’ve probably seen commercials encouraging you to purchase gold bars and coins in preparation of what’s to come. Indeed, gold is often touted as a hedge against inflation, as the physical asset’s value is believed to always be […]
The honest advice is difficult to hear, but it’s almost always the most useful. For years, I was always a little too blunt. My mom told me that my brutal honesty affected my personal and professional relationships. It is a character flaw, and one that I’m still working on. It’s not that the advice is […]
