Ask Money - Most Commented
My 23-year-old son is planning to begin graduate school. He will have been done with his undergrad degree for two years. I would like to buy a book to give him that addresses finances and would like suggestions as to what to purchase. Any tips? Thanks.
I recently found out that the company I work for is going out of business and my job will be ending in a little over a month. I work as a IT Analyst and have have been looking for a job that is a step up a little while but have not had any success yet. I can afford to go with out a job for a short while, and have some connections that may be able to get me a job at a much lower level then I am at currently. What would the least damaging in the long term -- an unemployment gap in my resume or being underemployed for a period of time, and is it unrealistic to look for a job that is a step up after losing a job?
My employee sponsored health care plan is about to kick in but that means I have some decisions to make... I work for a small company that will cover the first $200/month of the plan of my choosing. My husband does not currently have health care through his work (our short-term insurance will expire right around the time my employer starts paying for part of our new plan). I know it's unlikely that $200 will cover all of even a high-deductible plan, but we'd like to get dang close. We're considering a high deductible plan coupled with an HSA, but are nervous that this will create incentives for us not to schedule preventative doctor appointments.
Another kicker is that our money is spread so thin right now (10% to IRAs, 4% to a 401k, 10% to down payment fund -- it starts to add up!) that I'm worried we won't have much left over to put into an HSA. Even though we don't make a ton to begin with, we are very healthy, young people with fairly active lifestyles which I know helps our situation.
Do we sound like an HSA is a good fit for us or is there something else we should be considering?
I have two-year-old twins who have gotten some birthday money and I'm wondering what to do with it. For their first few monetary gifts we just tucked it in an envelope, but now it's accumulating and I'm wondering what to do with it. When is it a good time to get them a savings account (we are saving separately for a college fund)?
Online, I see a lot of different viewpoints on the soundness of dipping into my 401k to purchase my first home. I would like to hear what the Marketplace Money opinions are on this action given my specific economic situation.
I am a 29 year old male 1 year out of business school. I have a solid job as a trading analyst on an electric trading floor for the major utility here in CO. I make a base salary of ~80k a year with an option to land another 7-10k in bonus season if its a good year for the company. Last year, I was especially lucky and was given an additional bonus that allowed me pay off all my student debt, which was roughly $15k. So with no outstanding long-term debt, I am debating on purchasing a house for the first time. I have $5k tucked away in a money market fund that is earning zilch but I am using that as my emergency fund so dont want to touch it. Other than that I have roughly $3k in savings rights now and accumulate about $1500 in savings each month after accounting for my rent and living expenses. the denver real estate market is a little bonkers right now but i think it will cool down in 6 to 12 months and want to be ready to strike when opportunities presents itself. To throw another wrench in the equation my sister wants to go in on this as well with me. She has roughly $20k tucked away and is already a home owner. To make things more complicated, I am in the middle of the CFA program and would be looking at the high possibility of relocating in 2-3 years if I were to land a job promotion at another firm. So I dont know if it would be best to sell the property, hold on to it and rent it out while living out of state, or just not buying in the first place. Not sure on what all the tax implications are w/ and w/out the 401k loan thrown into the mix. Any thoughts?
I've just completed my graduate program studies and landed a job. I'd like to reevaluate my budget, now that I'm not longer a student, but I want to find competitive, user-friendly budget software that is compatible with Mac and allows me to manage all accounts in one place (checking/credit/money market/ira). Any help would be greatly appreciated!
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?