Last week a reader asked if closing his 401k made sense in light of the sharply declining stock prices. The short answer is no, but a commenter wondered if this was always true.
Playing a little Devil’s Advocate–and someone asked me about this–why do we have to stick it out? What if the [...]
With a presidential election days away, turmoil in the markets, and the government set to spend nearly a trillion of our dollars “fixing” a mess the government created—investors are understandably worried, even afraid.
Recently, one worried reader asked the following:
It’s October 11, 2008. A time of recession, bailouts, economic collapse, and massive government debt. [...]
Q: Where’s the best place to protect my money from inflation?
A: Although the stock market has outpaced inflation in the past, the stock market’s returns are too volatile to only invest in the market.
In the past, investors had few options for shelter. Today, however, the government sells TIPS and Series I bonds which compensate investors [...]
In recent years, long-term care insurance and disability insurance have become hot topics. An unexpected disability can decimate a family’s wealth and this unpleasant possibility has led many financial advisers to encourage everyone to get insured.
Now insurance is a wonderful invention and purchasing disability insurance can be a wise decision for many people. But the [...]
Q: We have one daughter heading to college next fall with another likely to attend in a couple of years. We don’t have any college funds or savings, so how should we go about paying the bills?
A: You should be commended for your desire to help your children start life with a strong education. Although [...]
Q: I’ve invested in my 401k for 11 years now and have experienced many ups and downs, but I didn’t do much research when I started. What’s the best way to invest for retirement?
A: You’re right to step back and start anew with a more methodical, researched approach. I’d recommend you read a good investing [...]
Q: With housing prices dropping, we’re hoping to buying our first house. Is now a good time to buy? What do we need to do to avoid the housing crisis?
A: There are two issues here. Is it a good time for anyone to buy a house? And, is it a good time for you to [...]
