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Reader Questions

Reader Question: I Can’t Pay My Bills! What Bills Should I Pay First?

When times are tough and you can’t find the money to pay all of your expenses, where do you turn and how do you decide who gets paid? Of course, in a perfect world we would all have sufficient emergency funds to cover these types of situations, but many people are faced with this question [...]

Reader Question: Since whole life insurance has a cash value, wouldn’t that be better than a term policy?

Occasionally I receive questions from readers that bring up good topics that should be addressed for everyone, and recently I had one in regards to life insurance. The question was:
Since whole life insurance has a cash value, wouldn’t that be better than a term policy?
On the surface, this would make sense. A whole life policy [...]

Reader Question: How Much Do I Need to Have Saved Up When I Retire?

I recently received this question via email and since it is probably the most asked question I receive at work as well I figured it would be a good idea to tackle it here. Everybody wants to know how much they should be saving and how large their account should be once they reach retirement. [...]

Questions From Readers: Can I Deduct Brokerage Commissions Paid to Trade Stocks For Tax Purposes?

A reader recently sent an email asking whether or not they can deduct the commissions they paid to trade stocks within their brokerage account. Since this is a great question that may apply to others I figured it would be a good idea to address it on the site. So, can you deduct commissions paid [...]