The coming decade may well be known as the age when Americans turned their backs on debt.
Updated: October 16, 2010, - 09:02 PM
Q I'd like to have your opinion on an ongoing issue that my wife and I disagree on. She listens to a certain radio talk show personality and has interpreted his evangelizing as, "All debt is bad." She realizes that we wouldn't have gotten where we are without having incurred debt. She qualifies it with, "at our age, we shouldn't have any debt." I completely agree with her as far as "consumption debt" is concerned and we have a small mortgage that was due to be paid in 2018. I've been make double payments to cut 5 years off to 2013 (30 months away). My wife and I are both 57 and in good health.
Updated: October 09, 2010, - 06:12 PM
Almost anyone can call themselves a financial planner. But in many cases their actual expertise is narrow.
Updated: October 02, 2010, - 09:41 PM
Q We have two sons, the eldest is a senior in high school, the other is a sophomore. Our oldest son is considering going to the community college next fall. Recently, their grandparents gave them money to use toward college. For our oldest son, the amount exceeds what he would need for the community college. What would you suggest we do with the money?
Updated: September 25, 2010, - 09:25 PM
I've been getting a number of questions from 40-somethings and 50-somethings with little savings and abundant worries about retirement.
Updated: September 11, 2010, - 08:58 PM
Diversification is the best way to protect a retirement portfolio.
Updated: September 04, 2010, - 09:19 PM
The news about the housing market is grim. My sense is that the housing market will stay weak until we start reading newspaper headlines about looming labor shortages rather than stubbornly high unemployment. But the longer-term outlook is more benign.
Updated: August 28, 2010, - 09:03 PM
A college degree is a passport to better earnings and more employment over a lifetime.
Updated: August 21, 2010, - 09:48 PM
You can't put back the money you took out. And that's assuming you made a hardship withdrawal or similar distribution from the plan. The hardship clauses are highly restrictive.
Updated: August 14, 2010, - 09:16 PM