It’s official – we’ve moved! We’re finally all settled into our new house in our new city, and we’re loving every minute of it! This is only the second house my wife and I have purchased in our adult lives. Our first one was back when I was 24 years old. With our first house for sale on the market at almost the same price we paid for it back 11 years ago, this got me thinking: What if we hadn’t bought a house when we first got married, and did something else with our money? Would we be better off financially? Although this is a fun little question to ponder, it’s actually a very … [Read more...] about Could Buying Your First House Be a Financial Mistake?
which is better
How do you know you’re a true financial geek? The answer: You get excited when one of your friends asks you a money question because it means crunching some numbers with Excel! Okay … maybe not to that extreme, but that’s pretty much how I felt recently for a friend who had a question about whether or not to cash out his pension with an old employer. Here was his email: So I attended a webinar today about the buyout (with my old employer). Attached is a snip of the five options they gave us and what the amounts would be. Rollover to an IRA or another employer’s plan = … [Read more...] about Ask MMD: Should I Do a Rollover, Pension Lump Sum or Annuity?
At the beginning of every new year, one of the first things I do with our finances is to take a hard look at our budget and see where we can get the most bang for our buck. At first this usually involves doing the normal thing that most people do - taking a look at our bills and seeing where we can shave some expenses. But there’s something else I like to do with the extra money in our budget that I feel is just as important as cutting corners on expenses. I like to take a look at where we can best grow it! There are lots of good options for what to do with extra money if you’ve got … [Read more...] about What To Do With Extra Money In Your Budget – 3 Good Choices