One of the more hotly debated issues in personal finance is whether you should pay off your mortgage early. As with most things, there is no one-size-fits-all answer. Here are a few questions to guide you: 1. Are you receiving a tax deduction? Although everyone assumes that they are getting a … [Read more...] about Should you pay off your mortgage?
Now that taxes are out of the way, it’s time to think about paying yourself. Whether you are saving for retirement, a college education or just some random future item, you may well be using mutual funds. Mutual funds are investments that pool money from many individuals. A professional portfolio … [Read more...] about Don’t let mutual fund fees eat up your savings
Retirement plans are supposed to be simple, but they are more complex than we'd like. That sometimes makes them seem so impossibly complicated that the best thing is just to do nothing. Doing nothing is precisely the wrong thing to do; the complexity isn't nearly as complicated as it is sometimes … [Read more...] about Managing retirement plan rollovers
Long-term care insurance is a complicated topic. If your assets are low, you may not need it because you will qualify for Medicaid with little fuss and you probably need the money you would spend on premiums to live. If you are wealthy, you're probably better off spending your own money on long-term … [Read more...] about Who needs long-term care insurance?