Debt Relief

What do you do when someone you care about is completely out of control with their finances? Maybe they’ve run up lots of debt and can’t find a way out.  Maybe it’s not the first time this has happened.  Maybe you are tired of bailing them out over and over again but you don’t want [...]

email

{ 4 comments }

Lending money to your kids is usually a very bad idea for both parties concerned. This is easy to say and hard to execute – I get it.  None-the-less, let’s consider how very destructive this can be by reviewing a real life example. Terry and Nicole were retired and happy. They had plenty of income from [...]

{ 5 comments }

If you feel uneasy about your finances, it might be because you don’t have enough emergency savings. A sudden bout of unemployment or an unexpected major expense could turn anyone’s financial stability into a horrifying nightmare. The good news is you can remedy that problem faster than you think. 1. How Much There are dozens [...]

{ Comments on this entry are closed }

If you need to do some short term borrowing, you might be tempted to tap your IRA for that cash. It’s there. It’s yours. Why not use it? As you’ll see below, there are plenty of reasons to think twice or three times before moving forward with this scheme. How to Borrow From Your IRA [...]

{ Comments on this entry are closed }

My 14 year-old, like most kids, loves to spend money.  I like having control over that spending and I do this by providing her cash because I can limit the damage.  But sooner or later she’s going to get a credit card like her older siblings.  Here are the tools I used with the older [...]

{ 8 comments }

When you are facing a pile of debt that you just can’t seem to shake it can be tempting to look toward your retirement accounts as a way to escape. Retirement is a long time off and your debt impacts your life now, so why not withdraw money from your nest egg accounts in order [...]

{ Comments on this entry are closed }