ADVERTISEMENT
Headerlg_ask-an-advisor
Headerlg_ask-an-advisor

Ask an Advisor: How Should I Invest My Divorce Settlement?

Both my lawyer and CDFA advised me to take a lump sum divorce settlement that came from the sale of a rental home my ex-husband and I had in lieu of alimony. I have not invested my money and am not sure what is best (at my age of 56). My CDFA...

I’ve Saved Enough for My Emergency Fund — Now What?

I’m two years out of college with a steady job and am trying to save for a down payment on a house in the next two years. Now that I'm producing income and am able to save, I'm transferring more money to my savings account (which only has a .01%...

Could You Be Owed Money? How to Find Out

A guy at work told me there is a website where I can find money I'm owed that I didn’t even know about. Is this a scam? — Marcy It's hard to believe, but over $40 billion (yes, billion) is sitting in state coffers waiting for you to claim your...

Is Investing in Options Too Risky?

I've heard that options are risky investments. Is that true? How do they work? — Tara, Connecticut  Options have the unfair reputation of being considered riskier than other investment vehicles. For instance, in a book written by a well-respected...

What Are the Most Tax-Advantaged Ways to Save for Retirement?

My husband and I are maxing out our 401(k) and IRA contributions. Are there other tax-advantaged places we could be putting more money away? What options do we have to save more for retirement? We are debt free, with the exception of the...

Should I Cash Out My 401(k) to Pay Off Debt?

I'm a 33-year-old woman who's been unemployed for the past six months. So far I've been doing okay living on unemployment, but the money I put into my 401(k) is just sitting there. I'm not sure how much longer I will be unemployed, and in another...

Ask an Advisor: How Do I Create a Retirement Savings Plan?

My husband and I are in our late thirties, and we're not sure how much we should be saving for retirement. How can we estimate what we'll need and how much we should be putting aside each year to cover it? We both want to retire in our sixties. —...

What Is the Alternative Minimum Tax?

What is the alternative minimum tax, and how do I know if I owe it? The alternative minimum tax, or AMT, is an income tax levied by the U.S. government on certain individuals, corporations, estates and trusts and was intended to prevent wealthier...

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

© Copyright DailyWorth 2014