RSS RSS News Feed

Financial Q&A Continued...



Encumber His Home to Invest in Phoenix Real Estate?

Posted by Keith on April 24, 2007 at 2:56 pm | Leave a Comment

Keith,

Love your show, and have a question: I’ve been thinking about tapping the equity in my home or 401-k to purchase a couple of new homes in the Phoenix Metro area. I’m 54 years old. My home is worth approximately $265,000 [$210,000 equity].

Does it make sense at my age to encumber my personal residence further for investment purposes ???

Thanks in advance for your response and smooth sailing.

Mick

Read more

Which Retirement Account to Fund First

Posted by Keith on April 22, 2007 at 12:33 pm | Leave a Comment

Keith,

I have about $500k in investments in four different types of accounts — 401k, IRA, Roth IRA and non retirement Investments. I am looking to retire in about 7 years and am currently saving about $30k per year. My question is: Should I fund my 401k first or my Roth IRA first, or should I pay down my house mortgage to be debt free at retirement?

Regards and best wishes on you adventure.

Richard Wilharm

Read more

Should You Pay Off the Mortgage?

Posted by Keith on April 12, 2007 at 9:25 pm | 1 Comment

Keith,

Should we pay off our mortgage? We sold stock options and the money is sitting in a bank account earning 6% for the next 5 months.

Should we use it to pay off the $270,000 we owe on our mortgage (at 7.5% interest)? Would you suggest some other, more beneficial use of this money? My husband is 55 and I am 50. We have no other debts and we have maxed out our 401k.

Thanks,

Debra

Read more

Dad’s (Grown) Girl: The Power of DCA

Posted by Keith on April 12, 2007 at 9:46 am | Leave a Comment

Keith,

Our daughter will start her teaching career next fall. I am encouraging her to consider living at home for 3-4 years to save most of her salary. That way she might be able to purchase a home. If she were to do this what strategy would you recommend for saving/investing an annual amount of about $25K.

Enjoy the fresh fish dinner. Smooth sailing,

Matt
Read more

Do Annuities Belong in IRAs?

Posted by Keith on April 2, 2007 at 1:36 pm | Leave a Comment

Do Annuities Belong In IRAs?

My advisor is recommending that I “lock in some profits” within my IRA by putting my gains inside a fixed-rate annuity paying six percent. The annuity would stay inside the IRA. Is this a good idea? He also said I could get out of the annuity at any time without penalty.

– Ethel, Dover Maine
Read more

REIT Liquidation Offers Usually a Rip Off

Posted by Keith on March 27, 2007 at 8:41 am | 1 Comment

Keith,

Thanks for the insight in Wells. I recieved an offer from Madison Liquidity Investors at $8.00 a share, is that a good deal? Wells told me they don’t buy these back, that their redemption is suspended. Should I take Madison’s offer? They are based out of Kansas City. Love your show!

Tom

Read more

WELLS REAL ESTATE INVESTMENT TRUST

Posted by Keith on March 25, 2007 at 7:59 pm | 2 Comments

Keith,

Love your site and radio show. But you were really hard on Wells Real Estate Investment Trust on your show. I was persuaded to buy into that REIT by my advisor. Is it really that bad a deal?

Happy sailing. Look forward to following your adventure!

Bill, Tampa Florida

Read more

SHOULD I INVEST IN THE BLACKSTONE IPO?

Posted by Keith on March 24, 2007 at 11:05 pm | Leave a Comment

Keith,

My broker says I’m a preferred client and he can get me into the upcoming Blackstone IPO. Should I invest?

Hugh, Phoenix, AZ

Read more

DO “CONSTITUTIONAL TRUSTS” REALLY WORK?

Posted by Keith on March 21, 2007 at 11:04 pm | Leave a Comment

Keith,

A friend is encouraging me to prepare a “Constitutional Trust”. They say I can have the trust own my assets, including my paychecks, and that I can avoid income taxes this way. They also say it makes my assets safe from lawsuits, and that all I have to do is instruct the trustee and they will do whatever I say with the trust assets. Is this true?

Alara, Topeka Kansas

P.S. Do you get seasick?

Read more

Radio Show – December 31, 2006

Posted by admin on December 31, 2006 at 12:00 pm | Leave a Comment

Great year-end and beginning of-the-year advice; plus Global Adventure updates


« Previous Page

Our Sponsors


Nordhavn

Onboard medical equipment and MedLink telemedicine service provided by:

MedLink www.medaire.com/medlink

Communications are reliably provided by:

KVH www.kvh.com