Typical investment management fees can range depending on the type of investment, the type of account and the type of investment manager. Q: I am 64 years old, retired, with a pension from a state government. I am considering investing a portion of my IRA funds in a managed portfolio. The proposed portfolio is 83 percent [...]
If you were left with debt after the death of a spouse, gather bills, check credit, talk to the IRS and consider contacting an attorney. Q: My home is underwater, I’m at risk of foreclosure, and I have a deceased deadbeat husband. Add to that that my dead husband liked to sign my name to [...]
Don’t you just love curling up with a good money book? OK, so maybe financial volumes aren’t exactly bedtime reading. However, every family could benefit from having a couple of these books in their library. Here are some of my favorites (in no particular order). I hope you’ll read at least one this fall. There’s [...]
You never know when some type of natural disaster will befall you—one can strike at any time. If you want to get through an emergency as smoothly as possible, you need to be ready now. Following basic principles of emergency preparedness can ensure your family is ready for whatever happens—or at least is a little [...]
One of the worst feelings in the world is not knowing whether you have enough money to pay your bills. It also can be difficult when you don’t know from where your next paycheck will be coming. Financial insecurity can cause stress and anxiety in your life, and it can contribute to strain in your [...]
While your big travel plans might be focused around visiting family for the holidays, one of the best ways to enjoy family fun without a lot of planning, and without busting your budget, is to take a “staycation.” You don’t have to go very far to make memories—a staycation can be enjoyed in your own [...]
One of the best ways to build wealth over time is to invest. Many parents know this truth, but unfortunately they do little when it comes to teaching their children about investing. While you want to help your child learn about saving money and making smart spending choices, don’t forget to help him or her [...]
It’s tough enough to budget money—by which I mean keeping your expenses from exceeding your family’s income—when you have regular paychecks. But if you’re self-employed like me, or if you work on commission, you know it can be even tougher. In most cases, your family’s set monthly costs don’t change all that much, but, on [...]
The government cannot "steal" an investor's 401k and brokerage account assets in order to pay off debt. These are investment misconceptions. Q: On Ilyce’s radio show this past week, she took a call from someone who asked what worries her about the economy. She talked about the upcoming presidential election, among other issues like the [...]
A person can help pay his monthly bills and avoid over-extension by going into foreclosure, doing a short sale or considering bankruptcy. Q: I will try to make a long story short. I have credit card debt of about $12,000, a car loan of $20,000 and a ton of mortgage loans. I owe $156,000 on [...]
