Where to invest your money

There are many situations where you need to figure out where to invest your money. Maybe you left a company to take a new job. Or maybe you are retiring. Do you leave your money at the old company? If not, where should it go? Or let’s say you want to fire your current brokerage [...]

‘Gen Silent’ shines spotlight on issues facing LGBT seniors

Two-thirds of LGBT seniors live alone. Fifty percent of nursing care employees say their co-workers would be uncomfortable assisting LGBT residents. These are just two of the problems facing LGBT seniors that the movie Gen Silent hopes to bring more public awareness to. There was recently a screening of Gen Silent hosted by the Greater [...]

Fees take 66 percent of retirement money!

124133453 Money Shot

It’s doubtful you are as nerdy as me and watch PBS Frontline. However, I encourage everyone to watch the program titled The Retirement Gamble that aired April 23 (it’s easy to find online). This show is one of the best I’ve seen that exposes many of the hidden shenanigans the financial industry pulls over middle-class [...]

Are your investments gay-friendly?

The LGBT community is extremely thoughtful and generous in donating to charitable organizations. We give our money and time to issues that personally matter to us. It’s easy to understand which organizations are helping HIV+ people, counseling LGBT youth or fighting for marriage equality. You know that your efforts are going toward important personal beliefs. [...]

Social networks impact your credit score?

Pretty much everyone is using at least one of the social network sites like Facebook, LinkedIn, Twitter, Pinterest or Instagram. We connect with friends, family and colleagues using these sites. Some connections we haven’t even met in person. What if these connections were used to determine our credit scores? It’s not happening on a large [...]

HSAs: good for your health and wallet

Health Savings Accounts, or HSAs, are available to people that have a high-deductible health insurance plan. The HSA is used for medical expenses such as your deductible, co-payments, medications, prescription glasses and dental care. The cash deposited into an HSA is pre-tax money. And money withdrawn from the HSA is also tax-free if used for [...]

Lessons from the recession

Remember September 2007? That’s when the stock market was at an all-time high. Within 18-months it dropped by almost 50 percent. Just last week, after four long years, the market finally made it back to that September 2007 high point. It has been a tough time for everyone in the world, but we learned some [...]

Top five secrets about the Roth IRA

Many years ago, the federal government did something amazing – they created the Roth IRA. The reason it’s so amazing is because you never pay tax on money after it’s deposited into a Roth IRA. Many people already know how great Roth IRAs are for retirement savings. However, there are important things most people don’t know about [...]

Under my umbrella, ella, ella … policy

Umbrella

The Money Shot BY STEVE DOSTER There’s a little known insurance policy that is inexpensive and great to have. It’s called an umbrella policy and it also goes by the more technical name of “excess liability policy.” It protects your savings and assets if you are ever sued. Auto and homeowners insurance have liability coverage [...]

Good stuff in the fiscal cliff deal

The media can be real Debbie-Downers sometimes. They spend months covering the negative part of a situation. Then it gets resolved and they are on to the next crisis. The Fiscal Cliff is a great example. For several months, there were all kinds of predictions about the bad things about to happen. However, Congress came [...]

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