Jul 23, 2021Should I Invest In Bonds In My 20'sThe following is a response to a question from a retirement investor in their 20's wondering if they should invest in bonds - and...
Jul 23, 2021I am 68, receiving SS and a pension. If I work, do I have to pay taxes on those earnings?If you are asking if the earnings will be subject to income taxation, the answer is yes. Whether it results in a tax liability to you on...
Jul 23, 2021 Is a 529 a good short-term savings vehicle for my own educational expenses?If your state's plan offers a good tax deduction and a fixed option, you may benefit a little from using the 529 plan. Unfortunately,...
Jul 23, 2021 I currently have $170k in a savings account we might need for a down payment in 2-3 years. What is I don't know what the last question means specifically other than it is diversification into stocks and bonds. I've seen some online...
Jul 23, 2021Is it worth it to contribute over the 401k match? If it is not, what alternatives should I be lookinThere are three factors I look for in determining where to save: 1) Fees. The higher the fees, the less attractive a match will be over...
Jul 23, 2021Approximately what percentage of my pay, pre-tax and post-tax, should I be investing for my retiremeGreat question, this is an area I really enjoy making sure people get off saving on the right path. Your question involves a number of...
Jul 23, 2021Can I keep my 401K invested with my old employer and start a Simple IRA with my new employer withoutYou can always keep your 401(k), as long as the amount is above the legal amount that the employer is allowed to move people out. You may...
Jul 23, 2021What are some of the other options that I have regarding the extra money accumulating in my savings
Jul 23, 2021I want to put the money I am saving to work for me and was considering investment options, but I don
Jul 23, 2021Should I pay off my low-interest rate mortgage or should I pay the minimum P&I and invest the money?This hits on a topic that I consider to be as much personal as it is financial. Financially speaking, a low-rate, long-term mortgage can...