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Investing

Decide When to Refinance

  Q: How do I decide whether it makes sense to refinance my mortgage at a lower interest rate?In this example, imagine that you're refinancing a $160,000, 30-year fixed mortgage that is currently at 6.5%, into a 30-year fixed at 5.5%. Your current...

Target Date Mutual Funds

A recent study found that most investors who have target date mutual funds don't understand how they work. What makes this discovery sort of funny—but not in a good way—is that the point of target date funds (TDFs) is that they were supposed to...

Doing the Math on a Roth IRA

Now that we're all focused on Saving UP!, I want to address one of the great IRA puzzles: What is the difference between a regular IRA and a Roth? Luckily, it's an easy and fun question to answer. Let's imagine there are two cars: a Chevy Ira and...

Investing Lingo Demystified, Part 1

  The primary reason many people (especially women) feel anxious and alienated by the investment world is they don't know the lingo. Think about it. Most women can quickly decode the following:Sales of the new Donna Karan Hobo soared after...

Live on 40%, Save 60%?

Could you live on 40% of your income—and save the other 60%? It sounds impossible (or tortuous), yet Mary-Jo Dionne says she's learned to make it happen—and happily—with a system she calls the 1-2-3 saving strategy. "Every time I get paid, I...

Self-Employed Retirement Magic

It's much harder to save when you're self-employed. Nobody in HR is going to coax you out for a power point, some coffee and a few prospectuses—and then set up automatic contributions for you. You have to do it yourself. And you must. And with...

A 401k No-No

Dear DailyWorth, I recently heard that a co-worker used some of his 401k money to pay off a credit card. I am 27, and have $11,000 in credit card debt. Should I do the same? ~ Katie M Dear Katie, GACK! NO. And here's why: It will cost you a...

Just 4% of Venture Capital To Women

  While the number of women-owned businesses has increased exponentially over the past decade, we're not raising venture capital to grow our businesses.What is venture capital, and why should it be on your radar? Venture capital (VC) is a type of...

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