QMy husband and I save approximately $2,500 a month of our combined income. We both also contribute to 401(k)s that are matched by our employers. Aside from a mortgage and a $40,000 student loan, we have no debt and a healthy emergency savings account. My question is, should we be paying off this student loan as quickly as possible? Or should we be investing half of our monthly savings in an index fund or something else?
Updated: May 08, 2010, - 09:12 PM
"Don't spend more than you earn" is an insight from the ages.
Updated: May 02, 2010, - 07:02 AM
Q I was wondering if you could shed some light on money-related careers. I understand that there is a huge difference between accounting, financial planning and investment advising. I wonder if accounting would be too precise and somewhat boring for me, and I don't know if I'd like the sales aspect of financial planning. Do you know much about investment advising? I'm even considering going back to school for an economics/finance degree.
Updated: April 24, 2010, - 11:00 PM
Can a JTWROS mutual fund with American Funds started in 1986 be rolled over to a Roth IRA with no taxes due either to Minnesota or to the federal government?
Updated: April 17, 2010, - 09:25 PM
There's no doubt that saying goodbye to mortgage payments is a wonderful moment. Yet I am wary of this financial strategy for most people.
Updated: April 10, 2010, - 08:50 PM
Q We have two daughters, 18 and 14, and are in our early 50s. Our eldest is heading off to college in Wisconsin this fall, and we're fortunate to be employed and relatively debt-free. With reciprocity, the cost of tuition, room, board, books and miscellany is estimated at $22,000 per year.
Updated: April 03, 2010, - 06:07 PM
Five years away from retirement, a couple more concerned with preserving the money they have in their 401(k)s than getting higher returns are looking at inflation-protected savings bonds.
Updated: March 27, 2010, - 07:15 PM
Q If a person in the early-60s age group is basically debt-free and inherits some money, say $10,000 to $40,000, how should a person invest it? TIPS? CD or CD ladders? Savings account? Bonds? Stocks?
Updated: March 20, 2010, - 07:47 PM
A former boss of mine once quipped that the real definition of personal finance was getting out of credit-card debt.
Updated: March 13, 2010, - 07:43 PM