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Real Estate
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Keep home, get new mortgage, or give up home
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If you cant keep paying your mortgage, you will just keep getting behind. In some instances it might make sense to do what you suggested but it depends; where
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Investments
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Low risk investent options for spare savings
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I would need to know what you intend to do with your investments, whether you have an emergency fund, your general financial and life goals, and your appetite f
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Retirement Planning
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Will rolling over IRA cause me to lose my Social Security
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If you transfer your IRA to a Roth IRA you will have to pay taxes on that transfer.
Depending on age, why transfer the IRA to Roth?
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Retirement Planning
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Can I lose my 401k if my employer goes under
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Usually you cant "lose" your 401K. Most retirement accounts held by third party companies are insured by SPIC, which is similar to FDIC coverage for bank accou
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Real Estate
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Is paying cash for a second home wise
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Depends. Is it cash you saved already? What do you need the money for that you have saved. Anytime you can pay cash, is always good. Some people like to take a
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Retirement Planning
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Is it financially sound to stay in our house
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You have several variables to consider:
1) land value appreciation vs equity investing; which in most cases investing in equity mutual funds historically outpr
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Life Insurance
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Is surviving wife required to pay off mortgage with life insurance
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NO, only if you listed your mortgage company as a beneficiary, else she can use it as she pleases.
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Life Insurance
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Should I cancel my life insurance policy to pay off credit cards
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Depending on your debt to income ratio you might want to cash in the policy's and use $$ for down payment, then buy term insurance and invest the difference of
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Retirement Planning
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What to put excess money in inside of retirement account
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Look at the history of your index funds, preferably after 1981, '87, '93. Since your 32 and don't need the money currently, invest for the long term. Good job o
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Asset Protection
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What assets can a creditor get if I am unable to pay off loan
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Your question raises the question as to recourse and non-recourse debt.
With non-recourse debt, the lender can only look to the loan collateral (i.e., the
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Retirement Planning
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Transferring old 401K assets to an existing SEP-IRA
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No but you can transfer them to a tradition IRA.
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Annuities