I am 65 and want to retire in 6 months. I have a $125,000 annuity plus $100,000 cash that I’m not sure what to do with. Should I get professional help?

I am 65 and want to retire in 6 months.  I have a $125,000 annuity plus $100,000 cash that I’m not sure what to do with.  Should I get professional help?

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

‘My friends and family say I’m rich.’ I am 26 and make $100,000 a year living in St. Louis, where I pay $850 in rent. But I can’t afford to buy a home, and lose money when I invest. Would it be smart to hire a financial advisor?

‘My friends and family say I’m rich.’  I am 26 and make $100,000 a year living in St.  Louis, where I pay $850 in rent.  But I can’t afford to buy a home, and lose money when I invest.  Would it be smart to hire a financial advisor?

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

The Fed ‘went big’ on its rate hike. Here’s who’s likely to get a financial boost from it — and “at levels last seen in 2009”

The Fed ‘went big’ on its rate hike.  Here’s who’s likely to get a financial boost from it — and “at levels last seen in 2009”

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 adviser but he says not to worry.’ My 401(k) has lost over 20% and I can’t afford to lose that kind of money. Is it time to find a new advisor?

‘Every month I express my concerns to my adviser but he says not to worry.’  My 401(k) has lost over 20% and I can’t afford to lose that kind of money.  Is it time to find a new advisor?

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

I’m 65 and semi-retired, and I’ve made $1.8 million myself with ‘a lot of risky small caps’, tech stocks and some ETFs. I also have 20% in cash. Am I doing it right? Do I need a counselor to help?

I’m 65 and semi-retired, and I’ve made $1.8 million myself with ‘a lot of risky small caps’, tech stocks and some ETFs.  I also have 20% in cash.  Am I doing it right?  Do I need a counselor to help?

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

“I’m afraid it’s not enough between the two of us.” We want to quit working in 10 years but only have about $175K saved. Do we need professional help?

“I’m afraid it’s not enough between the two of us.”  We want to quit working in 10 years but only have about $175K saved.  Do we need professional help?

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

I am 40 and married with 2 children. How aggressively should I invest my money right now and should I own crypto? Here’s what 5 financial advisors told him to do now.

I am 40 and married with 2 children.  How aggressively should I invest my money right now and should I own crypto?  Here’s what 5 financial advisors told him to do now.

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

Prepayments on mortgages have fallen 62% compared to a year ago. That says it all about the housing market.

Prepayments on mortgages have fallen 62% compared to a year ago.  That says it all about the housing market.

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

I invested early in Tesla and now have an 8-digit nest egg. Do I need a financial advisor?

I invested early in Tesla and now have an 8-digit nest egg.  Do I need a financial advisor?

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

3 economists predict when competition in the housing market will slow down

3 economists predict when competition in the housing market will slow down

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