Is a financial planner right for you? Getty Images/iStockphoto Questions: I had $225,000 in my 401(k) and then I rolled over $125,000 into a 7% annuity when I wanted income. I just turned 65 and will be retiring in six months, but I don’t know what to do with the other $100,000. What should I … Read more
Do you need a financial advisor if you feel overwhelmed with money? Getty Images/iStockphoto Questions: I am a 26 year old pharmacist making approximately $100,000 a year – take home pay is approximately $5600 a month – living in St. Louis. I contribute 4% to my employer’s 401l(k), which is the maximum match. I currently … Read more
With CD prices now well above 0.60%, experts agree that sticking to a long-term plan is the best way to get the most bang for your buck. Getty Images/iStockphoto In its efforts to reign in record high inflation, the Federal Reserve “went big” on its rate hike, announcing this afternoon that it would once again … Read more
Every month I express my concerns to my counselor but he says not to worry and that it will come back. Getty Images Questions: My 401(k) was doing ok for a while, but since January of this year it has been losing money that I can no longer afford to lose. I will be retiring … Read more
How to find the right financial advisor for you. Getty Images Questions: I have always been an independent investor, although I have sought advice from time to time. I tend towards a lot of risky small caps along with a core of Google, Amazon and Apple, plus some ETFs. And for the most part, I’ve … Read more
Some things to consider if you are considering hiring a financial advisor. Getty Images/iStockphoto Questions: I am 54 years old and have an IRA account with $27,000 in it, but it has declined over the years even though I contribute $100 per year. month. I have the funds distributed between mid-cap value funds, core-plus bond … Read more
Should crypto be part of your overall investment strategy? Getty Images/iStockphoto Questions: I am 40, married with two children and professionally active. I wonder how aggressively I should invest in the market if I want to quit my job somewhat early. What should my portfolio diversity look like right now and should I invest in … Read more
Ultimately, as long as buyers are able to keep up with their regular monthly payments, fewer people making extra mortgage payments are unlikely to have a massive impact on the broader housing market, an expert explains. AP Mortgage repayment activity fell 19.1% from March to April alone and 61.8% from a year ago, according to … Read more
How do you know if you need a financial advisor or not? Getty Images Question: I am considering quitting work soon. I invested in Tesla early and 100x-ed and have a very low eight digit value now. I see several funds claiming to return about 10% annually, but I’m afraid Madoff had similar return plans. … Read more
When will you see competition fall in the housing market? Getty Images Mortgage rates on 30-year fixed-rate loans have risen from around 3.5% earlier this year to up to 5.6%, and professionals say they could be higher (see the lowest mortgage rates you can qualify for here). Also, house prices have risen steadily and grown … Read more