investment bonds
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Buying Savings Bonds for My Toddler's Future
Asked by A.A. from Los Angeles
on March 15, 2010
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Hi Moms,
I know nothing about savings bonds, but have heard that they double in value after 7 years from the time of purchase. Is this true? If I buy a $500 savings...
Answers
- Great question! I'll tune in for responses because I'd like to know too...
- I'll start from the beginning. You can purchase a savings bond directly from the US Treasury or from any bank that has agreed to act as an agent for the Treasury. No...
- My mom is a financial advisor. But we're from Mn so that won't help you. And not all financial advisors CHARGE for info! She meets with people all the time and ...
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...
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 ###-###-...
Baptism Gift for God Son
Asked by J.E. from Boston
on April 28, 2010
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Hello moms,
I wanted to know if anyone had any original ideas on a gift for a Baptism. I am the god mother and would like to get something other then the usual Savi...
Answers
- I have the same situation. We bought him the box set of baseball cards from the year that he was born (2009). We figured that it was an investment and a fun "little ...
- A hard-cover copy of your favorite childrens' book. My son's godmother gave us an inscribed copy of "The Giving Tree"... I clearly remember reading it the night of the...
- http://www.iseeme.com/myveownnapr.html these are personalize story books that "create" the childs name. My daughter got the fairytale one when she was born. and w...
What Are the Options to save Money for Baby's Future?
Asked by A.H. from Dallas
on January 2, 2008
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I would like to invest money for my baby's future. What is the best investment option from your experience? I was looking into buying trust funds, but I am not sure if...
Answers
- Take a look at this website: www.thesimpledollar.com He gives a lot of sound financial advice from his own personal viewpoint and experience. An additional bonus is ...
- If you are still looking, give me a call...I am a working mom in Austin and I am also a financial adviser. I set up 529 plans for both of my children under 2. There ...
- We went though our State Farm Agent and set up a college fund for our son hes 4 and I think its worth $7000 right now! So my suggestion would be to contact your insura...
College Savings Plan
Asked by C.F. from Joplin
on February 29, 2008
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I am a mother of 3 children, ages 12,8 and 3. I know that time flies when raising children and my daughter will be off to college before I know it. Does anyone out th...
Answers
- C.- I work for a mutual fund company. There is a plan called a Coverdell Ira. I don't know all the exact details about the plan, but I am pretty sure the max amou...
- C., I am a nurse and I have also taught school. Our financial advisers suggested to us that we use the College Bound Fund program. You can make monthly deposits or ...
- As the others said.....529 plan. Also, go to upromise.com and become a member. You get rebates from retailers that are deposited into your 529s. (distributed between...
529K
Asked by L.V. from New York
on January 13, 2009
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In August of 2008 I invested some of my kids money into a 529K plan. I am so upset because between the 2 of them they have lost between $500 and $850 dollars f their i...
Answers
- Well, the 529 is meant to be a long term investment. If your children are young enough that the money is not needed for several years, then you should leave it. As you...
- Dear L., If you are upset about loosing $850 at a time when most people have lost a lot more, I would say that you may want to consider other kinds of investments tha...
- Keep the money in! You do not lose a dime until you take the money out just like in the stock market, yes it is beyond horrid right now but you dont lose a dime until ...
Investing/Saving Question
Asked by R.W. from Salt Lake City
on March 6, 2011
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I'm hoping some of you are financial gurus who know a lot about investing and can help me with a question. As of right now, we are 100% debt free (about to purchase a...
Answers
- I agree - a finanical advisor can help. If you know you'll have the money each month and you already have emergency funds, I'd say invest in a mutual fund. I recommen...
- When I was a financial planner, we looked at a few major areas. That you have no debt and some emergency savings is wonderful. Does the $10K savings include the down p...
- I am a financial planner also. Jennifer S has a great response. The only thing I would add is that if you get advice from a financial planner, look for someone who is ...
Own a Home or Travel the World?
Asked by J.M. from Minneapolis
on March 1, 2011
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My friend and I were tossing this question around and I am wondering what you all might say. She has two preteens and has never owned a home. She has the opportunity o...
Answers
- I would travel - but this isn't what the kids want. She needs to talk with the kids and explain her dreams to them - where she wants to go and what she wants them to e...
- I think she should consider the temperment of the kids. Its true that there is some value in the "global experience" idea, but only if the kids have the right temperme...
- i would love to travel if it was a perfect world, too - but what happens when her working years are over? does she have the finances to retire? will she have a place t...
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...
