Account Types
Results 31-40 from 111 articles
Invest or Pay Extra Towards Mortgage?
Asked by A.D. from Dallas
on October 8, 2012
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My mom just passed away and I am inheriting half of her investment account, it was divided up into different mutual funds earning her 1.9% and 3.2% interest. I found o...
Answers
- A., talk to your tax accountant. According to how much money you make, your home interest tax deduction needs to be taken into consideration before making the decisio...
- 6.5% on a mortgage? You know the mortgage rates are down? We are currently refinancing again to lower that 3.5 %. We thought just under 4% a few yrs ago was great. ...
- Depends on where you are with your other long-term savings goals and debts. Mortgage debt is "good" debt and under current tax rules, you can deduct that interest. If ...
Shared or One Person?
Asked by S.L. from Phoenix
on September 20, 2008
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I am the main "money" person in my house. I balance the checkbook and the statement every month. I also handle the budgeting. It just has seemed easier for one pers...
Answers
- I do all the bills and financial things in our house. My husband really has no clue what is going on and really does not care to. I have tried to go over it with him i...
- Hi S.: My husband and I have recently begun using a budget system that really accounts for our pennies, really down to the penny. We use the system of Phoenix locals...
- I am a SAHM and I also do all the money handling in our house. It is easier to have one account and one person take care of everything. I tried to get my husband on...
IYO What Are the Jobs/careers That Has the Best Retirement Benefits?
Asked by N.N. from Detroit
on March 14, 2012
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Jo W post (I don't want to go to work) has me thinking about investing and retirement. What are you doing or what did your parents do in order to make sure that they w...
Answers
- My husband was in outside sales for years with raw materials. In 2005 we had an opportunity to slowly start our own LLC with brokering raw materials, consulting, etc. ...
- Which post? I know that public union jobs are about the last hold out for the defined benefit plans. Can't get better than that. In the real world anything tha...
- Well I work in the retirement plan administration industry. Pharmaceutical companies typically have excellent retirement plans, as do finance companies. The downside i...
What Exactly Is a 401K?
Asked by D.F. from New York
on December 18, 2010
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My husbands job is pushing him in to signing up towards the 401k plan. What exactly is it? Is it worth signing up for?
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- I agree that it is worth signing up for. A 401k plan is a retirement account that you deposit pre-tax money into. Since your contributions are pre-tax, it may actual...
- Hi D., It is a tax deferred investment plan. You put in a percentage of salary now, and it is taken out of the paycheck before taxes, thereby lowering the taxable inc...
- YES -it's worth signing up for, particularly if you don't already have some guaranteed retirement accounts. A 401K is a retirement savings plan and most companies m...
Gerber Life Insurance/College Fund
Asked by C.S. from Milwaukee
on January 31, 2012
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Hi Mom's
Anyone have or is looking into the Gerber LI/College fund?
Opinions?
Thanks!
Answers
- Go with 529, or a state college savings plan. If they don't go to college? Cash it in. There will be a penalty, sort of like cashing in your retirement plan early...
- Better off opening a 529 than doing the Gerber thing.
- I think there are better ways to save money for your child's college. And life insurance for a child is pretty dumb in my opinion. The chances of a child dying are ver...
Work at Home
Asked by N.C. from Houston
on April 12, 2010
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Okay moms,I've worked for a school district 7 yrs as a school registrar.It may be time for me to have to stay at home due to some unforseen circumstances.So I'm lookin...
Answers
- it really depends what you like to do and you need to be realistic about it. Work at home jobs are not get rich quick jobs, they take a little bit of time to build up ...
- It sounds like you would be perfect for tutoring. You could set your own hours, work from home or meet students at the local library. Also, as a registrar, you mus...
- There honestly is no such thing as a steady income when you're self-employed. I have been a freelance public relations writer for nine years now and my income has vari...
Work from Home Ideas
Asked by L.P. from Phoenix
on January 9, 2009
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Hello moms! I hoping that some of you may have some ideas/advice or referrals for work from home opportunities that you wouldn't mind sharing. I really prefer not to ...
Answers
- I was looking for a way to work at home. With all the scams and large investments it was tough to find something that was actually legit. Right now is the best time ...
- HI L., Most "work from home" opportunities still require that you get out and meet people to sell your product too. I don't think there is any way around that unless ...
- Hi L., if you're interested in working with a fast growing company and doing something fun and exciting, but also something that will be rewarding for yourself as well...
Last Name Change...
Asked by R.D. from Richmond
on June 28, 2011
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I can't get used to my last name! Granted, I haven't gotten it changed anywhere yet (I'm starting Friday)... where do I begin? Where do I HAVE to change it and where d...
Answers
- I didn't change my name when my husband and I got married five years ago. Last year, I hyphenated his name onto mine, and changed all my ID's and my checking account. ...
- I got married Oct 2004. I was still working on my undergrad then and my mom was teaching my communications class. So she actually wrote my name as my married name befo...
- My mom took her husband's name socially but kept her banking, credit stuff etc. in her name when she got married. I think that's a good idea these days. Less confusi...
HSA Replacing Health Insurance
Asked by A.M. from Kansas City
on March 9, 2012
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Have any of you moms done this? we are doing the Dave Ramsey thing and think from what he says that the HSA would be more beneficial to us than regular health insuranc...
Answers
- We have an HSA with Humana... It's GREAT, ONLY IF you don't have medical issues.. If you have medical problems, I don't recommend it! We went from paying 750 for the ...
- Sorry if I came across harsh. Not my intention. Dave Ramsey is not qualified or licensed to give health insurance advice. You can not purchase an HSA by itself. ...
- Actually, you can get an HSA without health insurance. My credit union offers them. But I wouldn't skip health insurance. Like others have said, an HSA isn't going to ...
Financial Advisors - Yes or No?
Asked by E.M. from Chicago
on September 14, 2012
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My husband recently rec'd his annual bonus. In past years, there were things we needed to spend it on, but we are now (thankfully) in a place where we can put some of ...
Answers
- My husband and I are both on the same page with financials as far as our investments, college fund, retirement, etc. He is very knowledgable regarding the markets...
- Educating yourself is always a good option but it needs to be ongoing as far as finances are concerned. We've never had enough money where we felt a financial adviser...
- We have one. Best decision we EVER made! Hire him, learn the tricks and tips, and then if you want to discontinue service, thats your right. Good luck!
