QI retired a couple of years ago and am approaching 70 1/2, the age for Required Minimum Distribution of my IRA money. It's held mostly in stocks and mutual funds. I'm planning to start taking it monthly to average out the market. The question is, should I take it from the funds that are doing well, from the funds that are doing poorly, or evenly from all the funds?
Updated: September 15, 2012, - 04:42 PM
Q Back a few years ago, I cut out an article you wrote for the Star Tribune. It was titled...
Updated: September 08, 2012, - 03:29 PM
Last week at the State Fair, I was on Minnesota Public Radio's noon-hour program with host Kate Smith. We took questions on the economy and personal finances from the audience and over the phone. Topics included savings, naturally. The latest reading of the personal savings rate is 4.4 percent -- well above its low of 1 percent in April 2005. With the nation's unemployment rate above 8 percent for 42 consecutive months, I think it's remarkable how well people are doing at saving.
Updated: September 01, 2012, - 09:21 PM
The key factors to carefully think through for rent vs. buy decisions are finances, income and time.
Updated: August 17, 2012, - 04:30 PM
Last Sunday, I participated in a Fringe Festival event with the Theater of Public Policy, an improv comedy troupe co-founded by host Tane Danger. The theater uses comedy to bring critical public policy issues to life. I was the straight man, and the comedians riffed off of bits and pieces of what I said. The evening was a wonderful combination of laughs and seriousness. The topic: "Is a college education worth it?"
Updated: August 11, 2012, - 08:56 PM
The economy is sluggish. The pace of U.S. growth is now largely hostage to the outcome of the next round of Europe's never-ending euro crisis, which has moved from peripheral nations like Greece and Portugal to the far larger economies of Spain and Italy.
Updated: August 04, 2012, - 05:52 PM
A 60-year-old professional who would like to take early retirement and move to an East Coast dream home wonders if it's worth a mortgage.
Updated: July 21, 2012, - 09:09 PM
Q I'm almost 58 and would like to retire at 60, taking the widow benefit. My late husband's Social Security...
Updated: July 14, 2012, - 09:08 PM
Q I am six months into a 6-year auto loan. Thanks to changes in my personal finances, I now can pay more per month and retire the loan sooner. The payment could be as much as three times more. Is it better to add to the monthly payment? Or save the money to earn interest and then pay off the loan when I have enough savings to pay it off? I know that interest paid on loans typically is higher than interest earned on savings.
Updated: July 07, 2012, - 05:18 PM