mutual fund investment
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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...
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...
Bright Directions College Fund
Asked by K.G. from Chicago
on July 26, 2008
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My husband wants to set up this college fund for our son. I'm not sure if it is really a good investment or not. Could there be a better or different one to use. Any s...
Answers
- I invest in Bright Start Illinois 529 plan. You get a nice tax break if you are an Illinois resident. I started with the Upromise fund and when I had my taxes done t...
- The Illinois Bright Starts one is considered one of the best in the country. It has lots of investment options, shows good returns (remember the market is awful at pr...
- Brightstart of Illinois was the best option we could find. There are different levels you can pick, safe to risky, and you can also transfer it to another child or adu...
"Need Help Understanding My Mutual Funds in This Situation"
Asked by R. from Dallas
on October 9, 2008
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My husband and I currently have Roth IRAs, ESAs, and Coverdell accounts with Edward Jones. We have been with Edfor 7 years, but I am just concerned because I don't und...
Answers
- Hi R., You said you have lost 10K, which is alot, but what really matters is what PERCENT you have lost. The market itself has been down at least 30%, so if you ha...
- and start reading Money magazine; it's pretty good and not that hard to understand. I have some American funds and they have done very well over the last ten years, b...
- I am by no means a financial expert but here is what I would do. 1) Seek a second opinion. Have a planner from another office or company review your portfolio and ...
Husband Made Bad Investment Decision
Asked by S.J. from New York
on October 13, 2011
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Recently my husband made some bad investing decisions in my 401K and it's pretty much gone. I'm beyond feeling angry -- especially since he knew about it and never di...
Answers
- I also wonder how he made the decisions. If you allowed him to, then it's partly your responsibility. And all of it was lost between last statement and this statemen...
- There are a lot of unknowns... How long have you been married? Did you just meet the guy? How did he obtain access to 'your' money? Did you build this 401k up befo...
- I would be ticked off beyond belief! Thirty years worth of saving your hard earned money...not mentioning financial security. I'm just shaking my head right now wi...
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 ###-###-...
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 ...
Educational Savings for Your Child's Future
Asked by J. from Memphis
on January 30, 2008
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Has anyone started an educational investment account for their child/children?? I was just wondering who you went through, and if you are happy with the service. I'm...
Answers
- I started a Upromise account for my daughters 6 years ago. What Upromise does is give you savings toward college when you buy items from participating companies. You...
- Last year I was faced with the same problem. Not sure which plan to go with, I spoke to some of the employees at my bank. I met with an investment specialist that is...
- We went with a friend of ours who is an Investment dealer. Her name is Lana K. Caldwell-Wargo and she works for PFS Investments ###-###-####. We were looking into ed...
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...
Looking for Financial Advisers in Cottage Grove Area
Asked by N.B. from Minneapolis
on March 13, 2007
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I was wondering if there are any moms out there that use a financial adviser? I would like to sit down and talk to a professional about getting our money in order, so ...
Answers
- Not in Cottage Grove but willing to travel to see you: Jeremy Dobson ###-###-####
- N., I do not have a reference for you however I do have some advice. I have worked in the financial business for many years. One of the biggest thing to consider is fe...
- Hi N., Please check out this great site you will love it, just click below, This is my upline Joe's website: http://createmysuccess.com/mangosteen/webcast Thanks...
