You may not agree with everything Helaine Olen writes in her new book, “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry.” That’s particularly true if you’re an uncritical fan of one of the personal finance gurus she skewers so effectively. For the sake of your wallet, you should read the book anyway. […]
Recent Blog Posts
Insurance better than 401(k)?
Dear Liz: Recently, someone from an insurance company proposed that I stop investing through my 401(k) at work and instead invest in his insurance company contract with after-tax dollars. He claims the funds would be guaranteed so that I would never lose principal, although there would be a cap on how much I could make […]
Getting help with a soon-to-be unaffordable mortgage
Dear Liz: I have an excellent credit rating, a steady job and an interest-only mortgage of $480,000 on a home now worth $400,000. I also owe $52,000 on an adjustable-rate home equity line of credit. In 2015, the interest-only portion of my loan ends and the principal payments will start, driving my payment to more […]
Old check is probably worthless
Dear Liz: Twelve years ago I hired a moving company. I must have overpaid them, because in January 2001 I received a refund check for $235. I misplaced the check and didn’t find it until 2003. Ever since then I have made a number of phone calls asking for a replacement. All my calls were […]
Kids, ignore your elders: college is worth it
Old folks can offer wisdom about many things, but you might not want to trust them when it comes to 21st century economics. I’m hearing too many older people espouse the view that college degrees aren’t as valuable these days because more people have them. They need an Econ 101 review. It’s true that the […]
How to keep mortgage debt from wrecking your retirement
Dear Liz: I have a first mortgage with a current balance of $32,000 at 5.625% interest. This will be paid off in about 24 months, based on regular payments plus $200 a month extra I am paying on principal. I have a home equity line of credit with a balance of $200,000 at 3% interest […]