Savings

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The skinny on secondary market annuities

Feb 10, 2012
I am retired and would like to safely increase income. What is a secondary market annuity? Is it a suitable vehicle for putting a portion of retirement funds to safely increase guaranteed retirement income? Are there issues to be aware of with the secondary market annuities? How should this product be purchased? Thanking you in advance for any light you can shine on this topic. Ronald, Rhinebeck, NY
Posted In: retirement savings, Savings, annuity

Figuring out student loans and a home

Feb 9, 2012
I have a dilemma that I hope you can offer some advice on: I am currently in the process of paying off some hefty student loans I accumulated while earning my bachelor's and master's degrees. I pay almost twice the required payment. (Please let me know if you need specific figures.) My husband and I would like to save for the down payment on a home to be purchased within 5 years. Would it be more advantageous for me to continue aggressively paying down the loans (fixed interest rate of 4.25 percent) or save as much as possible to apply to a home to be purchased in the near future? Michelle, Indianapolis, IN
Posted In: Savings, home, student loan, emergency savings

Good education. Good job. Now what?

Feb 2, 2012
After close to a decade in graduate school, a post-doc, 24 job interviews, and almost as many rejections, I am elated to have started my first bone-fide adult job. Which in this day and age is not only a blessing, but a miracle, for which I am truly grateful for. While I have mastered the manipulation of matter at the atomic and molecular level, I am pretty clueless about how to manipulate my finances. My question: what should my financial priorities be? repayment of school loans? saving for retirement? putting money into an emergency fund?... Romas, Berkeley, CA
Posted In: Savings, retirement savings, student loans

Thrift is in

Jan 30, 2012
People are still trying to save more.
Posted In: Savings, personal savings rate, consumer spending

Putting a priority on savings goals

Jan 30, 2012
I recently bought a house for the first time. I am in my early 50s and have a son in high school. I don't have life insurance. I have been receiving lots of advertisements in the mail telling me I should have life insurance or mortgage insurance. Should I buy term life insurance to protect my son? It is very hard for me to save money, and I'd rather save what I can for future college bills and my retirement. Thank you, Erika, Salisbury, CT
Posted In: life insurance, term life, Savings, retirement savings, college savings

Shopping for good financial fortune

Jan 27, 2012
USC professor and East Asian cultural expert Gene Cooper takes us on a money tour of L.A.'s Chinatown, explaining all the trinkets and symbols that foster prosperity.
Posted In: superstition, Savings, prosperity, lai see, li xi, hong bao, Money, luck, chinese, Chinatown

A Vietnamese New Year

Jan 27, 2012
Lunar New Year isn't just a Chinese celebration -- how a Vietnamese-American family marks the season.
Posted In: New Year, Money, lai see, Savings, family

For saving more and spending less

Jan 27, 2012
This week's young winners are making sound money decisions with their New Year's lai see.
Posted In: Savings, kids, children

Term isn't for life

Jan 24, 2012
My husband and I have had term life insurance since we married. Now that our children are on their own, I'm considering canceling my life insurance. Is this "penny wise and pound foolish"? We no longer depend on my income to pay bills. What other reasons are there for keeping term life insurance? Jane, Shorewood, WI
Posted In: life insurance, insurance, Savings, Retirement

Patience scores!

Jan 20, 2012
Columbia Business School's Stephan Meier discusses his new study, which says that the more patient you are, the better your credit score is likely to be.
Posted In: credit score, FICO, Savings, Money, patience

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