“Should I sell my stock?” That’s a question I hear often. Here’s an e-mail I recently received on this very question: Should I sell my stock & bonds? I’ve lost $7,000 lost in 10 years. That’s half the amount I invested. Should I buy gold with the $7,000? How would you respond? I told this […]
How to Avoid IRS Trouble When Your Spouse Doesn’t File
You’re looking at serious IRS trouble if your spouse doesn’t file a tax return. Not only that, it could be a bad omen of things to come. Here’s a question I received not long ago from “B,” an anxious reader who was facing this exact situation: My husband is self-employed and has not paid […]
Financial Advisor Training – Real World Advice from a Successful Certified Financial Planner (R) Professional
If you are interested in becoming a professional advisor, the bad news is that there is no school that provides financial advisor training . But don’t be discouraged. I’ve noticed about successful professionals that may surprise you: 1. Don’t start off in this as a side job. It is full time work. You need 100% […]
5 Tips to Get the Cheapest Term Life Insurance Program
Here are 5 tips to get the cheapest term life insurance program possible. (If you’re not sure about term life insurance versus whole life or you aren’t sure how much you need…don’t worry. I’ll be writing about those topics soon…) 1. Go shopping. This is likely the only time you’ll hear me tell you that […]
Can You Enjoy Mother’s Day if Your Mother Is Gone?
When I was growing up, I couldn’t stand Mother’s Day. I really couldn’t. I didn’t like it ever since my mom passed away (I was in high school at the time). You can read my story to learn more. I was jealous of course…but mostly…just sad. Later on, when I got married and we […]
How to Reduce Closing Costs in Escrow
New federal lending rules that went into effect in January will help you reduce closing costs in escrow. These rules require more disclosure and don’t allow “surprise” closing cost increases. The disclosure might be especially helpful to you. In the old days, brokers got compensated by using a dirty little trick called “yield-spread premium.” This […]