Talking to your parents about their money is a conversation that is almost universally difficult because it involves a role reversal – you assume the parent role, and effectively put your parent in the child role. It’s also a very touchy subject. Even with the best intentions, its easy to be misunderstood and be seen […]
Should You Downsize Your Home or Get A Reverse Mortgage?
A few days ago Jim called me in despair. He and his wife are in their late 70’s. They are still working but finding it more and more difficult to make ends meet. Jim heard about reverse mortgages and wanted to talk it over. He asked me if it would be better to take a […]
Do You Need Long Term Disability Insurance?
So long as you work for a living you have to consider long term disability insurance. Don’t get me wrong, not everybody needs disability insurance coverage of course. I received an e-mail from a loyal Wealth Pilgrim a few days ago that illustrates the point. Here’s his story: Jim is about to leave his work. […]
What To Do With Your IRA and 401k Before New Years Eve
Even though 2014 is just about over you still have plenty of time to execute smart IRA and 401k tactics before year-end. If you do so, you could save a lot of cabbage this year and make your retirement much more secure at the same time. No time to waste. Let’s get to it. Match […]
What Happens To Your Debt After You Die?
In most cases, your debt doesn’t die when you do. You may not care about it because, after all, you’ll be dead at the time. But if someone you care about is on the hook for your debts, they might have a concern or two. Are you concerned about your elderly parents and their finances? […]
Quizzle Review – What Sizzles And What Fizzles
Quizzle is a service that offers you a free credit score and report. To use the service you don’t need to provide a credit card number and they provide all kinds of great tools to help you improve your credit score. Sounds perfect, right? It’s not. I will tell right up front that Quizzle has a […]