A reader of AskTheMoneyCoach.com wanted to know whether or not they could do a certain maneuver in order to refinance a home mortgage. Here’s the person’s question: Q: Is it possible to temporarily transfer the title to my husband’s home into my name? This way, we could refinance with my credit scores. A: Unfortunately, what […]
Can I Refinance My Husband’s Mortgage By Putting My Name on the Deed? Read More »
Q: How can I have a consumer statement removed from my credit report? A: It can be very simple to get a consumer statement removed, depending on which credit bureau you’re dealing with. But first of all, for those who may not know, a consumer statement is that 100-word explanation or statement that you are
How to Get a Consumer Statement Removed From Your Credit Report Read More »
A reader of AskTheMoneyCoach.com wanted to know how they could lower the rate on a student loan being paid to Sallie Mae. Here’s the question the person asked: Q: Being fresh out of graduate school and still learning about the financial world, I consolidated my federal subsidized and unsubsidized loans through Sallie Mae at a
How to Lower Your Sallie Mae Student Loan Interest Rate Read More »
A reader of AskTheMoneyCoach.com had a question about their social security benefits. Here is what the person asked: Q: Where can I go to calculate my future social security benefits? A: The official website of the U.S. Social Security Administration is the best and easiest resource to calculate your social security benefits. You can find
Calculating Your Social Security Benefits Read More »
Investors too often lose money by worrying too much about investment products, rather than directing their attention to the process of investing.
How to Invest Better Read More »
The Occupy Wall Street movement is gaining steam all across America, and one of the key flashpoints right is in the San Francisco area, where a woman may ultimately be heralded as the movement’s Rosa Parks. In one section of San Francisco called the Bayview District, which is predominantly an African‑American neighborhood, there are more
Will This Woman Go Down as the Rosa Parks of the Occupy Movement? Read More »
Quite often how and why we spend money is tied to our is tied to our emotional state. Sometimes we spend money completely on a whim because something struck us a being a “must have” item in that moment. At other times, our purchasing decisions are wrapped up in the way we feel overall .
How To Stop Spending Like A Shopaholic Read More »
Q: Hi. I just paid my school loan in full by the due date. However, I just received a bill for additional interest. Am I obligated to pay it? A: You likely received a bill — even after you paid your student loan in full — because your lender was probably charging you per diem
When you think about an individual who would borrow money from strangers, rather than fill out a loan application at a bank, what kind of image comes to mind? Do you think the borrower is desperate, has bad credit or has mismanaged his or her finances? Or maybe you think the person has few economic
Want a P2P Loan? See This Profile of a Typical Peer-to-Peer Borrower Read More »
If you’ve been struggling to keep up with mortgage payments for a while and simply can’t afford your home loan, walking away from your mortgage may be a last resort. In the wake of the recession, millions of Americans have had to give up the American dream of living in their own house and have
Should You Walk Away from Mortgage Debt You Can’t Afford? Read More »
Consumers scored a victory recently when Bank of America and a host of other banks decided to forgo charging fees on debit cards. But that doesn’t mean Americans won’t face other new fees and unexpected charges by the banking industry. Here are several ways that U.S. banks are likely to sneak in new fees –
New Bank Fees Are Coming: Here’s What to Expect Read More »
Q: I am retiring and want to roll over my deferred account to an IRA. Which is the best IRA account? And how old do I have to be to withdraw without getting penalized? And what will the tax rate be?” A: Under current IRS guidelines, you must be at least 59 1/2 years old
What are the Age Rules Regarding an IRA Withdrawal? Read More »
Q: We have a 5% loan and we owe a little over $132,000 left on it. It was appraised at $168,000 in June 2010. We are now looking at refinancing it at 4.25%, and it was appraised at $148,000 dollars. Since the appraisal was low, we will have to take out PMI but it is
When to Refinance Your Mortgage Read More »
Ever since the Occupy Wall Street protests that launched in New York City began, many people have questioned whether this loosely defined group will “succeed” – and if so, how its success will be measured. In my view, even before the news broke that Bank of America was dropping its planned $5 debit fee, Occupy
Even Before BofA Dropped Its Debit Fee, Occupy Wall Street Had Already Won Read More »
A reader of AskTheMoneyCoach.com wanted to know whether or not it’s a smart decision for them to launch a 401(k) or 403(b) investment plan later in life. The person asked me simply: Q: “Should I start a 401(k) or 403(b) investment plan at 63 years of age?” A: Yes! Actually, I think it can be
Should You Start a 401(k) After Age 60? Read More »
