term life insurance

Think You Don’t Need Life Insurance? 5 Reasons You Do

You may have health insurance, homeowner’s insurance and car insurance, but when it comes to life insurance, you may drop the ball. I’m amazed by the number of people who think they don’t need a life insurance policy, or feel that they have all the time in the world to purchase coverage. Maybe a part of them doesn’t want to think about death, or perhaps they truly don’t understand the benefits.

There is no denying the value of having coverage. Even if you don’t know much about this type of insurance, the best term life insurance companies are available to guide you – so stop making excuses. You need a policy more than you think.  […]

Why You Should Invest and Not Pay Off Your Mortgage Early

5 Ways to Invest Your Money

Are you currently in a position to invest? Congratulations! This is a very exciting time for you and I’m sure you have plenty of questions! The first of which might be, “How much do I invest?” For starters, you want to be sure that you have enough cash on hand to cater to an emergency. For most, this is an amount close to $10,000. If you have extra money besides that, I would strongly suggest that you invest it. But in what? Let me give you some options. […]

money - potential 36% return - Almost 30% of Americans Have No Savings

Want a Potential 36% Return? Read On

We all like investing, right?

Sandy is investing her face off, buying rental properties faster than most of you buy underwear. Other people are buying the usual – stocks and bonds – usually within their 401k or Roth IRAs. And still others are investing in more non-conventional assets, like peer to peer lending or commodities or whatever else it is you kids spend your money on. Alas, buying 100 cheeseburgers is not a good investment, even though everyone likes cheeseburgers. […]

Mortgages - No-Cost Refi

What Does a ‘No-Cost Refi’ Really Mean?

The pitch for a no-cost refinance sounds pretty attractive: replace your current mortgage with a lower-interest rate mortgage and pay nothing for the privilege of doing it. But before signing on the dotted line, it’s important to realize that “no cost” doesn’t typically mean “free” when it comes to refinancing.

The true meaning of “no cost”

No-cost refis usually mean that borrowers won’t pay upfront costs to get the new mortgage loan — so they might better be called “no-initial-out-of-pocket-cost refis” — but that doesn’t mean the loan won’t cost in the long run. In general, there are two ways a lender can offer a no-cost refinance: […]

Annuity Worth

Is Getting Cash For Your Annuity Worth It?

An annuity can be an integral part of your financial planning. This type of investment can help meet your retirement goals by providing a steady income source. An annuity is a contract between you and an insurance company. You make a lump sump payment or a series of payments over a specific amount of time, and the insurance company agrees to make payments to you at a future date. Obtaining an annuity is one way to prepare for future expenses, and an annuity combined with a pension and other retirement savings can provide a comfortable lifestyle in your later years.

However, financial situations can change rapidly over the years. And depending on your current financial situation, you may need to sell your annuity and take a cash payment. Selling your annuity may sound silly because you lose a percentage of your money. But if you have an immediate need for cash, it pays to obtain structured settlement quotes from companies that buy annuities.  […]

balance money - Investments - The Benefits of a Balance Transfer: What You Should Know

Balancing Investments And Savings

You want your money to make more money for you. The best way to make that happen is to save or invest the money that you earn. But how do you choose which one is best for you and your future goals? Why do you have to choose? According to Pete Briger, Board of Directors at Fortress, finding a balance between the two is the best way to keep yourself covered.

First, let’s look at what both options entail.

Putting Money into Savings

This is the easiest and certainly the least risky of your options. You simply set aside some money out of every paycheck and then leave it alone. […]

I’m Leaving Prosper.com Due to Technology Problems


Neither a borrower nor a lender be
For loan oft loses both itself and friend…
                                              –  Shakespeare

It’s not me, it’s you.  Sure, we can still be friends, but I think that it’s better for both of us if I invest using other platforms.  No, no there’s no one else involved.  Well, maybe Lending Club did try to win me over a little, but really, you pushed me away.  If you just worked a little bit better, we wouldn’t be going through this right now.

Let’s not make this any harder than it has to be.  I’ll just stop investing with you and transfer my money as loans are paid off.  Oh, my own loan?  Yes, well, I’m accelerating the payments and we’ll just make a clean break.  I’m sorry.  I really wish it could have worked out, but I think that it’s just better this way. […]

Survey of the Best CD Rates on 1 Year

Survey of the Best CD Rates on 1 Year CDs

There are many people who seek the best CD rates when buying a 1 year CD. After all, it is only normal to want the best possible interest rate when buying any investment products. 1 year certificates of deposit are very popular financial instruments among those who want their savings to grow for a few reasons.

Certificates of deposit are guaranteed by the bank and the government not to lose any of their value, so there is no chance of you ending up with less money than you started with after the investment comes to maturity. The value of a CD grows at a constant rate, unlike market based investments such as stocks, whose value fluctuates on a daily basis. […]

Historical Gold Prices

Why Cash For Gold Is So Popular

I read an actual newspaper every day (remember those), and every day without fail there is a two page ad from one company basically begging you to send in your old, broken or unwanted jewelry for cash. It occurred to me to me that I’ve been seeing a lot of these ads lately either on television, on the internet or in print. It made me wonder why this business is suddenly so visible. […]

The Battle Over a Fiduciary Standard for Financial Advisors

The Battle Over a Fiduciary Standard for Financial Advisors

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010, few people expected the heated debate that would ensue over applying a regulatory uniform standard for professional financial advisors .

The Securities and Exchange Commission (SEC) is the agency tasked with drafting a fiduciary or uniform standard to ensure that financial advisors are indeed placing the interests of their clients before their own. The proposed rule has the support from the White House and particularly from Neal Wolin, Obama’s Deputy Treasury Secretary. […]

Why You Should Invest and Not Pay Off Your Mortgage Early

Why You Should Invest and Not Pay Off Your Mortgage Early

I’m woman enough to show you the flip side of the coin in our ongoing discussions on whether to pay off your mortgage early by adding extra payments or to invest that money instead. By now you have got to be tired of reading everything that I have to say on the subject, so I combed the interwebs on your behalf and found this awesome video making the case to invest and to not pay down your mortgage.

Refinancing - Should You Pay Off Your Mortgages Or Invest In 401(K)?

Should You Pay Off Your Mortgage Or Invest In Your 401(K)?

We’re talking about mortgages again. I promise you that I am not beating a dead horse but since this is the most expensive thing that most of us will every pay for, and since so many people are defaulting, I can’t help but covering this topic from many different angles.

I wrote a post called, 30 Year Mortgages Are For Suckers which ruffled a bit of feathers. Some of you agreed and some disagreed, but I want to back my argument up with the viewpoints of some financial gurus as well.