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What about an immediate annuity
Chris Farrell Oct 5, 2011
Question: I am 64 years old and have recently retired. I plan to defer taking Social Security as long as possible as I currently do not need the...
To Roth or not
Chris Farrell Oct 4, 2011
Question: My husband and I are 62. He has retired but I plan on working 15 more years. We are just starting to save for retirement and are saving ...
I-bonds and emergency savings
Chris Farrell Oct 3, 2011
Question: My house is almost paid off. I now want to build a larger emergency fund. Putting money into a savings account or CDs will not keep up...
A priority on reducing debt
Chris Farrell Sep 30, 2011
Question: I am a 38 year old single parent and I have a huge amount of personal debt. I have student loans ($80k), credit card debt ($22k), a car...
Fund Roth or target debt
Chris Farrell Sep 29, 2011
Question: I'm in the middle of a debate with myself as to whether my wife and I should continue to aggressively pay off a variable 4.5% HELOC or if...
Moving for better schools
Chris Farrell Sep 28, 2011
Question: I am 62 years old and have very little retirement saving, totaling $65,000. I have two (10 and 8 years old) kids and three adults. The...
An expensive private student loan
Chris Farrell Sep 27, 2011
Question: My husband has a consolidated private student loan of $47,000. Our interest rate is 9% which seems really high for this market. We pay a...
Smoothing out income
Chris Farrell Sep 26, 2011
Question: I just started a job as a professor. I have a 9 month salary. I know many institutions divide a nine-month salary into twelve paychecks,...
Refinance or embrace a shorter mortgage
Chris Farrell Sep 22, 2011
Question: We're a family of 3, and I'm about 40yrs old. We are considering a refinance of our house to get a better rate. We're fine financially -...
The wealth gap
Chris Farrell Sep 21, 2011
Here's more financial damage from the Great Recession. The largest economic gap between blacks and whites isn't income, but wealth. Sad to say--but...
