If you dabble in ETF investments you’re going to hear more and more about actively managed ETFs in the coming years. But what are they and are they smart investments? Let’s take a look under the hood and find out. ETFs and Actively Managed ETFs Just to refresh your memory, ETF stands for Exchange Traded […]
What Happens After Someone Leaves You Their IRA?
If you inherit someone else’s IRA you have to be really careful about mandatory distributions. Depending on your relationship to the person who passed away and their age, you may be required to take money out of the IRA every year no matter how young you are now. And if you fail to comply with […]
Should You Sell Your Car To Pay Off Student Loans?
Karen, a young Jedi Pilgrim, sent me an email asking if it was wise to pay off a $9,000 high-cost student loan by selling her car. She mentioned that she was fine with using use public transportation for a while if that’s what it took. I was really impressed by the thought process, commitment and […]
How The Upcoming SP500 Makeover Impacts You
In a few weeks the S&P 500 will witness a large reclassification, the likes of which hasn’t happened in over 17 years. This will have a big impact on certain investors and almost no impact on others. But that won’t stop some folks in the media from trying to blow it out of proportion. (They […]
How To Budget With Roller Coaster Income
It’s easy to “adapt” to a huge rise in income. And even if your income falls, you can find a way to deal with the change. At least you know what you are dealing with. But how do you manage your financial life if your income is so unpredictable that it resembles a wild balloon […]
Should You Spend Money On Home Improvement?
If you are considering doing a big home improvement job think very carefully before signing on. Besides the huge financial costs, remodeling can wreak havoc on your life and turn it upside down. This is not to say that home improvement is always wrong. Just be careful not to get carried away thinking about what […]