The Trump administration has been vigorous in wanting to cut regulations. That’s not always a bad thing. But this suggested change really caught my eye. President Trump has signed a memorandum which clears the way to eliminate the fiduciary rule for investment brokers. The fiduciary rule may sound like something boring but every person saving …
This article was originally featured on The Simple Dollar The best IRA Account for each individual will vary based on a host of factors as well as personal tastes, which is why we highlighted several different companies in this post. Here are the 6 best IRA account options for 2016: Best Overall: E*TRADE Best for …
Q. I understand that in certain circumstances IRA and 401(k) money may be protected from a lawsuit. However, if a person is retired and has rolled over their ERISA plan to an account with a financial institution, are those funds still protected? A. Generally speaking, yes. The laws can vary by state. “Under federal law, …
What could be more painless than saving for retirement by having cash-back rewards automatically swept into your account? A card linked to your Roth IRA could automatically get a boost from rewards, and you would never miss the money. Except that the last part of “set it and forget it” can come back to haunt …
With college expenses at some of the best schools now exceeding $ 60,000 per year, education-related expenses are often one of the biggest obstacles many baby boomers face when saving for their own retirement. For many families, planning for a college education goes hand in hand with IRA’s and retirement planning. Retirement Assets are Exempt …
“Dear Steve, CC debt 20,000. Mortgage 39,000. Equity about 300,000. credit score under 500. marrried one income $51,000. 4 kids in college. Turned down from first bank for refinance with credit payoff. Currently spending about $700.00/month on CC payments. should we continue to try to get a loan or should we take the money out …
“Dear Steve, Due to my husbands unemployment and reemployment at a lower salary and my very small salary due to Parkinson’s disease, we have built up a very large credit card balance. About $40,000. We are barely making ends meet. We have about $200,000. + in an IRA and my husband is 60. We were/are …
My husband suffers from severe depression and has lost 2 jobs in the last 2 years leaving me financially vulnerable. I need to plan my finances as if I were the only one bringing in an income. I have 2 children…1 in college with tuition costing me $25,000/year. I currently own a home worth $330,000 …
“Dear Steve, My husband has a IRA account that he had transferred from his previous job, and it was not much. We took money out last year to keep our heads above water. Now we are down to only $15,000.00 in our account. We see losses everyday, and we need the money now to survive. …
“Dear Steve, I recently got married and our combined debt load is significant, but manageable. I am able to put a little into savings each month, and I do have a small emergency fund. I am 30 years old and have been putting into my company 401k for more than 7 years. I am currently …