My brother mentioned setting my mother up with a reverse mortgage over the holiday break, so I thought I would do some research on what is was and if it was a good idea. I had heard of it before and I have a basic understanding of it, but I figured there had to be […]

Popularity: 2% [?]

Photo by: tloe
I came down with a cold this week, and the site hit its CPU utilization threshold about 4 or 5 times, so the site was in some trouble, but I’ve found a Wordpress guru named Jon Phillips who has been very helpful thus far; and we may even be looking to revamp […]

Popularity: 3% [?]

Looks like I’m starting off the new year relatively clean; up 2.02% from December 2007. The house is still flailing a bit and my bet that Dodge & Cox (DODFX) would payoff for my new 401k allocation - The wifes 401k, on the other hand, stayed in REREX and the ol’ target fund TRRDX […]

Popularity: 4% [?]

Photo by: dittaeva
Dear Hank - My wife is a stay at home mom. With a traditional IRA she is eligible for the “spousal IRA.” Can she open a Roth IRA as her spousal IRA, meaning I can invest $8,000 of my income, with half of that in her name? - Peter from Mississippi
Hey Peter […]

Popularity: 1% [?]

Photo by: spacepleb
It’s finally the end of 2007, where did it go? How did your finances do this year?1. AllFinancialMatters let us know how to rebalance a portfolio come end of year. I don’t have those assets there, but the idea of rebalancing index at end of year makes perfect “cents”.
2. […]

Popularity: 5% [?]

Photo by: spacepleb
It’s finally the end of 2007, where did it go? How did your finances do this year?1. AllFinancialMatters let us know how to rebalance a portfolio come end of year. I don’t have those assets there, but the idea of rebalancing index at end of year makes perfect “cents”.
2. […]

Popularity: 5% [?]

Photo by: Stephen AU So what’s the deal with this ridiculously high 13.10% APY 3-Month Icelandic Krona Certificate of Deposit offered by Everbank? Is it FDIC insured? How can they give such a beefy return on a CD?
First off, Everbank IS A BANK (A United States bank hence the FDIC insured part). They’re not […]

Popularity: 7% [?]

Photo by: Seamus Murray
Another reader request asked:
My mother is 57, has no retirement $$$, and works full-time making about $25,000/year. I want to open a ROTH for her for Christmas, can I? - Shannon from Montana
Hello Shannon - how nice of you to think of Mom for the holidays! Congrats to […]

Popularity: 4% [?]

Photo by: dave mcmtSo I’ve done it - after debating for about 2 months and trying to convince myself that I DIDN’T make a bad investment in getting in on this, I’ve come to my senses. I admit it, I made a bad mistake 5 years ago to purchase my Hartford Life Universal […]

Popularity: 4% [?]