If your mortgage balance is low, does it make sense to just pay it off and be done with it? Of course the answer is very simple. It depends. From an emotional standpoint, it might feel very good to pay off that mortgage. But is it really a good use of your money? While I think […]
Why Your Beneficiary On Life Insurance Won’t Collect
Lots of people go through the trouble and expense of buying life insurance. But they’d be surprised and shocked to learn that their beneficiary on the life insurance may not collect. I think that’s terrible. Don’t you? Let’s discuss why that happens and what you can do to make sure it doesn’t happen to your […]
Should We Sell Our Home and Become Renters?
Two fiends of mine just became instantly famous by selling their home and becoming renters. That’s right. Lynne and Tim Martin wrote a book about how they sold their home and became full-time, world-wide travelers. The book sold out on the first day it became available. All the major news outlets are begging Lynne and […]
Am I Saving Enough Money?
When I sit down with people for the first time, one out of three usually asks if they are saving enough money. I love when they ask me this question. Why? Because it’s really the first step many people take towards proper financial planning. I say this for one simple reason. In order to know […]
TaxACT Review – Lowest Tax Software Cost For A Reason?
TaxACT is the second largest player in the DIY tax prep business behind TurboTax and just ahead of H & R Block At Home ©. But don’t let that fool you. There are vast differences between TaxAct and its competitors. While I believe this software might be a good fit for some people, it could […]
Taxes and Mutual Funds- In Plain English
A few clients called recently and asked why they had to pay tax on the mutual funds they own even if they didn’t sell them. I figured you might be interested in the explanation too. Taxes and mutual funds seems tricky. But in reality, the way mutual funds are taxed is actually very straight forward. […]