It’s really simple to roll over a 401k, and if you’ve “separated from service” (lost your job or quit), you should do it. Roll your 401k to a self-directed IRA as soon as you can. Just make sure you do it right if you want to avoid the penalties. Here are the main benefits: 1. […]
What To Do With A Spouse’s IRA You Inherit
If you inherit your spouse’s IRA you have a few very important decisions to make. And depending on your circumstances, the conclusions you come too and the decisions you make, it could impact you and your children for decades to come. Fortunately, with a little understanding, it will be very easy for you to make […]
Is Paying Off a Mortgage Early Smart?
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 […]