Tag Archives: mutual-funds

Should You Put Your Emergency Fund In Mutual Funds?

The following guest post was contributed by Hank from Money Q&A. If you would like to contribute a guest post, click here. This question is from Jen who asks, “Should you put your emergency fund in mutual funds?” The short answer to your question is no. You should not put your emergency fund in mutual [...]

Should We Cash Out the 401k to Pay Off the Mortgage? – Lorriell

Lorriell “Dear Steve, My husband and I are Mid-30′s and have been married and investing heavily for 16 years. We are watching our investments plunge. We owe $126K of $194K mortgage. No other debt. We are locked in at 4.75% refi. but wondering if cashing in one of 401K would be better. Wondering about the [...]

Maria Writes In “How About Staying In The Stock Market?”

Maria “Dear Steve, This is not a debt question – it’s about staying in the stock market with all the current turmoil? Will you still answer it? Maria” Maria, So much of what happens in the stock market is not based on logic or research, but innuendo, gossip and emotion. Just because the stock market [...]

Should I Use Mutual Funds to Pay Down Credit Card Balances? – JJ

“Dear Steve, 41 yrs old (married 42 K in credit card debt @ 9.99% have 12 K in available mutual fund towards payment of cc balances have 185 K in 401K (just reduced my 401K contributions from$500 to $100 per bi-weekly pay period) can pay approx $500 per month towards credit card balances I know [...]

Christine Writes And Asks Me “Should We Liquidate The IRA to Pay Off Debt?”

“Dear Steve, We have about $35,000 in current debt not including a home that is not finished. We have about $120,000 in IRA money. We own $75,000 in real estate free and clear that is for sale but not sold yet. Should we liquidate some of the IRA money to help out our debt? Christine” [...]