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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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Asset Protection
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What should we convert these CD's into
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It depends on how many years you have left on the CDs. Either way you will pay a penalty when moving them. You only other option would be to move them into a fi
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Real Estate
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Is now the time to buy our first home
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Unfortunately, there isn't a simple answer to this question. The markets, financing, and future outlook for housing are just too turbulent.
Personally, I t
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Retirement Planning
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What to do about dwindling retirement
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I can't give you specific investment advice, as I -- and everyone else -- cannot judge the market given the current uncertainties. Personally, I have decided t
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Investments
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Withdrawing from the stock market
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Im sorry your investments are going down. Depending on how much money you have and what it is invested in: stocks or mutual funds, I would move half into a mone
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Investments
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Should I hold or sell given the rocky markets
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Go back and look at the history of these investments, yes it will come back. If you move to a CD then you have guaranteed the loss. Right now it is a "paper los
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Retirement Planning
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Using 401k savings to pay off mortage
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Right now there is a lot of help for people being laid off. Call your mortgage company and explain the details. You never want to pull money from 401k, that's t
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Annuities