Nov 21, 2011
Our primary aim is to have a deposit for a house in 3 years. We have saved a reasonable sum of money but did not want it to linger in a current or savings account for 0.75%. We are deciding either investing at low risk or paying off mortgage. We have to sell our current house to buy a new house. My mortgage rate is 4.99%, so after tax rebate it is about 3.99%. Most investing opportunities are giving us about 2% at low risk and 3-5% at medium risk. After tax one would have to take another 1.25% off the return. We would like some advice. Thanks, Tom and Anne, Boston, MA
Nov 15, 2011
A question about mortgage refinancing.
Nov 14, 2011
There's a good reason why you may feel the pressure to build a larger emergency fund.
Nov 10, 2011
Here's a list of reasons why we save. A lot of things can go wrong. Age to die Need for extraordinary health care Close relative needs money Lo...
Nov 2, 2011
Question: With the roller coaster-volatility of the stock market, would it be wise to tell my investment management firm to sell all mutual fund...
Oct 28, 2011
Millions of Americans are struggling to save more. The worst job market since the 1930s has convinced us that we need to shore up our personal...
Oct 7, 2011
Question: I have about 30,000 dollars saved in a savings account that is giving me about 0.85% interest. I put about $ 800 a month into this...
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...
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,...