With home prices continuing to drop and mortgage rates at 60-year lows, Peter from California is feeling the urge to buy something, but is it the right move for him? On the other end of the spectrum, Michael from Texas is wrestling with a short-sale and wondering whether he should try to enter an unconventional deal with his realtor.
Mark from MI called on behalf of his mother, who wants to take advantage of the rising gold market.
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Thanks to everyone who participated and to Mark, the BEST producer in the world. His call came in at the perfect time–right before Leigh Keno joined us to talk about finding hidden treasures in our homes and collecting art and antiques.. Should she pay down her mortgage, invest or keep it stashed in cash?
Vicki from MD has converted her IRA into Roth and now needs to reallocate $175,000. Here’s the critical question when it comes to SS: when are you going to die? I know that sounds crazy, but it’s true! If you live beyond 78, it makes sense to hold off on SS between ages 62-66. We started with Heidi in CT, who has about $150,000 available right now. All Rights Reserved. If you live beyond 82.5, it makes sense to delay SS until the maximum age of 70. If you have a financial question, there are lots of ways to contact us:
Last Updated Sep 17, 2011 11:46 AM EDT
A winning week for stocks was not enough to convince “Jill on Money” listeners that they can go on auto-pilot with their finances.
Here are web sites and resources mentioned in this week’s show:
Thanks to the wonderful 404 fans, who are now participating in my show! (Here’s one of my recent appearances on the 404.) Two of them reached out this week. Here’s a pretty simple, no-load mutual fund, balanced portfolio for Vicki to consider (for general purposes only!):
Jim from TX called, and Dwayne and Maureen wrote to ask about Social Security. If you’re married, there are two different strategies to consider: (1) Double Dipping and (2) File and Suspend.
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