May 24, 2012
My wife and I have taught in Alabama public schools for the past 2 years and have made (forced) contributions to the state retirement system in that time frame. Together, we've got around $8,000 invested in the state retirement system. Realizing the limited income prospects for career teachers, we both applied and were accepted to a top 25 law school on full-tuition scholarship. My question to you is this: For my retirement account, I have the option of either a) taking a lump-sum payment of the $8,000, minus 20 percent in federal income tax, or b) rolling it over into a 401(k), IRA, or similar long-term savings plan. Should I take the money and run, or should I start building a retirement nest egg while I'm financing the rest of my life with borrowed money? Alex, Montgomery, AL
May 23, 2012
Some adults buy stocks for kids, less as an investment and more for a teaching tool.
May 22, 2012
I'm an individual self-taught investor who has just lost a LARGE sum of money investing in a company whose stock (of course) went immediately downhill after I bought it. Rather than becoming afraid of stocks, I am sure there is a lesson to be learned here. I'm just not sure what it is. What tips could you give for people who lose large amounts of money but want to keep investing? Brian, Miami, FL
May 18, 2012
An old investing maxim is taken to task.
May 18, 2012
What's the best way to hedge against the risk of higher inflation rates? The timing is murky, but it's a prudent bet to anticipate a resurgence in inflation.
May 18, 2012
My wife and I recently refinanced our home. We paid off the home equity line and the existing mortgage, and now our monthly payments are $500 less than they were previously. What should we do with these savings? Thank you. Jeff, Amherst, MA
May 18, 2012
Winning big could saddle you with some serious debt. Tax expert Louis Barajas explains.
May 18, 2012
Host Tess Vigeland talks with CBS/MoneyWatch's Jill Schlesinger and Sr. Producer Paddy Hirsch about why investors have been slow to return to the markets after a succession of financial calamities.
May 16, 2012
I just graduated from law school and found the perfect job for me. Unfortunately, it does not offer a 401(k). I have a number of old 401(k)s from previous jobs, including a few that have been rolled over into Roth IRAs. Because I was in school for 3 years, I haven't been adding to my retirement saving for that period, thinking I could "make it up." To top it all off, my husband and I now make in excess of the maximum for IRA contributions. How should I be saving for retirement at this point? Jane, Los Angeles, CA
May 14, 2012
In letting go of his U.S. citizenship now, Eduardo Saverin will also be able to avoid paying nearly $600 million in U.S. capital gains taxes when Facebook goes public.
