Money Management Tips: When Celebrities Make Money Mistakes
This may sound obvious, but if you are fortunate enough to enjoy personal wealth, the easiest way to hang onto it is to be smart about how you manage expenses, investments, taxes, and other pillars of personal finance and money management tips. However, in many cases, especially when it comes to celebrity culture, this is [...]
401k Withdrawal Or Home Equity To Pay For Wedding
What would be better, the withdrawal of 401k funds or to obtain an home equity loan to pay for wedding expenses? Q: I am 57 and my husband is 62. We would like to borrow $25,000 to help pay for a wedding for our daughter. We purchased a townhome in 2004 for $230,000 at an [...]
Investing Advice For Selling Your Gold
With the price of gold recently reaching $1,900 per troy ounce and expected to hit $2,500 per troy ounce by year’s end, the temptation to sell gold is high for many consumers looking for investing advice. An uncertain stock market and the recent downgrade in the United States’ credit rating have created a major demand [...]
Investing in Company Stock: Pros and Cons
In the late ’90s, I had a client who was excited to see his stock options increasing at a rapid rate. Over the course of a few months, he saw the value of his options increase four times, and he was a millionaire on paper literally overnight. Wanting more and thinking it could never go [...]
Beginning Financial Building Blocks
Q & A with Financial Planning Expert Roger Wohlner Beginning Financial Building Blocks Beginning a Career Q: I’m just starting out in my career. I put money monthly into a 401(k), but what else should I be doing? Roger Wohlner: Funding your 401(k) is a great start. You should also look to build up an [...]
How Does Probate Work Without A Will?
How does probate work without a will? The purpose of probate is to distribute assets and debt, if there is no will, the estate may not need to go through it. Q: What happens, if a person passes away and no one files probate because the estate has no assets? Do any of the deceased [...]