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Info/Advice On Equity Index Universal Life Insurance
Asked by T.D. from Sacramento
on August 31, 2009
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My husband and I are trying to figure out if this is a good idea for us. My husband is 34 and I'm 30. We have a 3 month old son. We didn't think about buying life i...
Answers
- Hi, I used to be a life insurance agent. What I learned from my experience was that any life insurance, term or whole/universal life, is a financial product design...
- I asked my husband about this (he is a financial adviser) and he thinks its a pretty good deal. He said "you will have life insurance on your son which a mutual fund w...
- RIP OFF! Universal life insurance is on of the WORST financial products out there. Insurance agents push it because they get huge commissions on it. Ask about the fees...
Organizing Your Recipes!
Asked by S.L. from Grand Junction
on March 22, 2010
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Hey Ladies!
I'mcleaning out my cookbook and recipe cupboard and it needs some serious help! Any ideas on how to organize recipes? There are a few cookbooks that I use...
Answers
- I got some card stock and glued my loose recipes onto it, then put them in sheet protectors in a binder. I used a different colored paper for breakfast, dessert, dinn...
- I did a binder taped all my cards in it copied what could be copied so forth and so on. I kept the books that I would use for I have this and don't know what to do wit...
- Since you don't want to copy the recipes, why not invest in a nice binder and some page protecters to slip the recipes into? They would do double duty as you could tak...
How Did You Find Your Financial Planner and What Are Typical Fees?
Asked by M.T. from Minneapolis
on July 31, 2011
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Hi, I'm wondering if it would be good for my husband and I to talk to a financial planner. We're not looking for an investment advice. We just want someone objective...
Answers
- We highly recommend Kevin Sale. He's in business for himself and is very down to earth and reasonable rates. He's a fee only planner and gives hourly advice. Majority ...
- We live in Minneapolis & use a financial planner through North Star Resources. I think that the company is great! The most valuable thing, IMHO, that a financial pl...
- Or you might try contacting your banking institution and see if they offer a service like you are seeking. If you are part of a credit union, even better. They usua...
Bright Start (IL) College Savings Plan
Asked by H.D. from Chicago
on October 27, 2010
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My fantastic dad just opened a Bright Start College Saving Plan for my daughter which I really appreciate but my question is
1-can't you lose money because they inves...
Answers
- Yes, you can lose money. In fact, there was that big controversy that the safe bonds lost tons of money. Investing in stocks can be better than a savings account be...
- I agree with the other 2 answers. Some other benefits with college savings plans: 1) You get a deduction on your state tax return (if the plan is sponsored by your...
- we found it much safer to invest in savings bonds if you have a long time to let them grow. example the money doubles if you have 15 years for it to grow. where thei...
Retirement Investment Advice
Asked by A. from Dallas
on October 16, 2008
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My husband's job offers the Fidelity Advisor SIMPLE IRA and so I wanted advice from you smart mommas on if this a good way to save for retirement. Thanks, we're new t...
Answers
- I agree - talk to a financial planner about it. I'm not a financial planner, but here are the things I, personally, would look for before investing in my employer's r...
- Be careful about using an insurance agent for financial advice, they often use just their life insurance products and you will spend more than you invest for insurance...
- A.: My husband is a financial planner with Northwestern Mutual. He would love to sit down and talk with you about your retirement plans. Give him a call at ###-###-...
Money for Retirement Account
Asked by O.L. from Los Angeles
on December 30, 2011
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Hi, just wondering what a reasonable amount of money is to put into one's retirement account? What type of account do you put it in?
Answers
- I agree with the answers below, especially about needing to personalize your own situation with regard to your current income level, your spending habits, your current...
- I think you need to talk to a trusted financial consultant so you can figure out how much is right for you to be investing. Everybody is different. As for us, we...
- Shannon's advice to check out Dave Ramsey's program is a great idea; Clark Howard also has several books on financial 'smarts'. Like many of the other moms mentioned:...
Baby Shower Games.
Asked by J.K. from Pittsburgh
on June 26, 2009
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I was asked to do games for a baby shower for a lady in our church. (she doesn't have family near, so our church is throwing her a shower) Anyways i am sick of the sam...
Answers
- What's in your purse? Here's a link to actually purchase the game (nice game cards already done for you, but you're spending money): http://www.shop.com/_What's_in_y...
- There was a fun game at my baby shower. It was a version of The Price is Right. Someone bought a bunch of little baby things that I would need (bib, rattle, teething r...
- We go a baby doll and newborn baby clothes and then timed those who wnated to participate to see how fast they could dress the baby! Very fun seeing as some women were...
My 11 Yr Old Wants to Buy Stock
Asked by F.C. from Los Angeles
on December 18, 2011
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So I recently open up a student saving account for my son who is 11years old, I asked my son what he like to save up to and he told me he wants to buy stock in SONY. H...
Answers
- Go to your bank, or a Financial Advisor and ask them. There are many ways to do this and buy stock. Being he is a minor, you have to be the parental sign off on it a...
- Some great advice from the other moms. I, too, would suggest seeing an investment counselor; check out E-Trade, Charles Schwab, or Fidelity. At his age, or for 1st t...
- Google "stock market simulation." You'll find a lot of simulations to help both you and your son learn about the stock market without risking anything right away. ...
Investment Broker Advice
Asked by J.S. from Dallas
on March 12, 2007
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My husband and I will be having our first initial consultation with an investment broker within the next couple of weeks. I'm pretty much on top of our finances, but ...
Answers
- In my opinion, it's totally worth it. I've always been pretty good at keeping all our finances together, but a professional can help you get everything together. We ...
- When I left my last job I had a 401k through the company. Since I wasn't going immediately to another employer, I rolled my 401k to IRA but kept the (almost) same inv...
- J., I am in the financial industry so trust me on this advice...I do not work with investments but there are guidelines on my company's website that you can find usef...
Question About Financial Investments
Asked by A.!. from Detroit
on August 5, 2011
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What does your family invest in to bring in extra income? What has been your experiences from your investments, the pros and cons? I heard on the radio this morning th...
Answers
- Wish you lived closer...I'd refer you to a trustworthy person here that I am close to :) If you want to do something like this I would strongly suggest consulting a f...
- Equities (that's fancy for stocks) with dividends. Now is the time to buy. People have this horrible strategy of buying when the market is high and selling when the ...
- We leave these questions to a professional who knows how to manage our risk. We are very comfortable with our financial planner making those decisions for us. He kno...
