Is walking away from a mortgage ever a good move? I just had tea with a friend of mine, Sharon. She owes $100,000 more on her home than it’s worth. On top of that, she works for a company that is going through tough times, and she’s worried about getting fired and then having to […]
Do High Unemployment Rates Spell Stock Market Disaster?
There is no getting around the fact that unemployment rates are way too high – that’s especially true if you’re one of those looking for a job! Last Friday’s announcement that far fewer jobs were created than expected sent the stock market into the tank. Only 18,000 jobs were created. Economists expected 80,000. Is it […]
Bear Market Withdrawal Strategies for Retirees
If your are retired and taking withdrawals from your investments, you’re likely very concerned when the market isn’t doing well. That’s when bear market withdrawal strategies become important. Even if you are not taking distributions out of your account, it’s important to know what to do when that bear market hits. The amount of money […]
The Best Money Tip My Dad Gave Me
I learned a lot about money, career and investments from my father. He worked hard and modeled a great work ethic. I never met a harder working person than my father. He was also a master of negotiation skills. He also made some huge financial mistakes, and I learned quite a bit from that too. […]
Financial Abuse – How to Spot It and Stop It
How do you spot and stop financial abuse? The sad reality is that someone you care about might be abused financially right under your nose. According to an Investor Protection Trust survey done in June 2010, 7.3 million older Americans – about one in five people over 65 years of age – have been swindled. […]
How to Reduce Your Mortgage Insurance Premium
In general, private mortgage insurance is required any time a mortgage exceeds 80% of the value of the home, as determined by the lower of the appraised value or the purchase price. In most cases, in order to remove the coverage you will need to pay the mortgage down to certain pre-determined levels. Automatic provisions […]