Ask Carmen - Most Commented
I am thinking of selling my home to move to a new home in a better school district. I expect we will make a healthy profit off our existing home, but when we buy a new home, I don't know if we will be able to buy a home for the same amount we will sell our current home for. Does it make sense to sell now?
This is going to be my first interview and it is tomorrow! I need some advice to calm my nerves, anything will be greatly appreciated. The company is Ocean Spray and it is for a junior engineering position.
Hello, I would like some advice. I have been with my present employer for 11 years and have felt for some time that it is time for a change. My conundrum/opportunity is that I'm not certain about my next steps, whether I want to continue doing the same/similar work, or make a major (life) change. Consequently, I am thinking about resigning, taking a month or so to do a cross-country road trip and visit old friends and places I have wanted to for some time, and taking the time and mental freedom to really think of my next job, what I want out of my life, etc. After my road trip, I am thinking of volunteering with a company/NGO doing work which interests me in order to get a better understanding of future possibilities. I am a single 41 year old woman (with no dependents save my dog), have about $85,000 in my 401(k) savings, and an additional $20,000 in savings. Am incredibly fortunate in that I have no debts. Thank you.
I had four life changing events happen over a lifetime which kept me either deferred or paying minimum payments. I have paid $30k on a$18 k loan and still owe $5k. I am 63 years old. I have a grand total of $44k saved -- $5k in a roth and 39k in an ira. I am deferred yet again. I am NOT going to pay another dime... but am told I will have my wages garnished. What is crazy is this debt isn't even mine. It is a parent plus. What are they going to do follow me to the graveyard and demand payment from my heirs?
My wife and I have been saving money in an HSA (along with the required HDHP) for the past 6 years or so. We've accumulated around $42,000 (we never take money out of it, instead use it for a long-term IRA-like savings vehicle). Is there a realistic risk of having too much money saved for healthcare down the road as we age into Medicare? We are both in our mid-40s.
I teach high school. Although I am a science teacher, I assigned a personal finance project to my students. I was horrified to find out they didn't know what loan terms were or in some cases what interest rates were...
Many objected to paying taxes, which I set at 30% for state, federal and Social Security combined. They didn't understand that there were some bills they HAD to pay each month, and a few didn't understand why they couldn't get everything they wanted and just spend as much as they wanted each month, even if it was more money than they made.
My question: How do we teach kids these things -- these kids are not learning at home -- and in conversation, some of their parents may need the training, too. Are there (free- since K-12 schools have no money) programs to teach kids? I'm sure a program designed by a professional finance person would be better than the one I designed. Can you share you ideas what the kids need to know?
Hi, My family took our first trip to Disney in December 2012 (which turned out to be great). We booked our flight with JetBlue and I discovered something by accident that really does not sit well with me.
If you pick your flights and times online at the JetBlue site and then close your browser and re-open again, the price of the flight increases. For us that was about $100 more. Now, if you clear out the history and the cookies and close the browser then re-open again...magically.... the rates go back down to the original rate. I tried this on two other computers and achieved the same results.
That to me is a very deceptive business practice! I have not tried this with other airlines but I suspect it is a common practice. Is this legal?
I am currently in probate a safety deposit box is missing it contained paper bearer bonds and paper savings bonds. How do I follow the paper trail?
I was listening to today's program. The caller who asked about money for his student-daughter's travel money was told to give her a credit card. I just wanted to comment that U.S. credit cards don't typically work in Europe. The cards issued there use Chip and PIN technology.
I moved to my companies high deductible plan this year. I typically have very few medical expenses and this was also a great way to add to my retirement as I already max out my 401k contributions and I also maxed out my HSA contributions. I am in a position that I can pay my expenses without going into my HSA or other savings. I already have 9 months living expenses in a saving account, so this would not take away from money that would go to my safety net.
If I am considering my HSA as a way to save for retirement, it seems to me I would want to minimize withdraws and let the amount accumulate into retirement.
Do I pay with the HSA withdrawing money from a tax deferred account to pay the bills and invest the money not used in another investment?
Or do I pay out of pocket and leave the money where it is safely tucked away for major medical expense or retirement?