Here are some questions that I frequently get emails about and questions I hear from friends and family.
Should I cash out my 401(k)?
This depends on your age. If you are in your 20’s, 30’s, or 40’s, there’s no reason to jump ship on your 401(k) or IRA. You have plenty of [...]

This week was another very significant week of business and financial news. The Federal Reserve announced they would print up to $1.2 trillion dollars into buying up treasury bills and mortgage-backed securities. More money printing means more worries about mass inflation. The dollar took a sharp hit the next day valued against [...]

MSN Money has this article about financial resolutions for 2009. We often overlook our finances when thinkng about resolutions. Many people want to lose weight, stop smoking, do more house projects, but often overilook making financial resolutions.
Here are the nine resolutions from the article:

I will accurately assess my financial [...]

We all had a rough year with the stock market, and we all know how much money our 401(k) and IRA lost this past year. We’ve also seen our home values drop, and we’ve watched our friends and family go through painful foreclosures. So, where do we invest our money? CD’s? [...]

I don’t like to dwell on the past, but I was curious how much you all lost in your 401(k) this year. Obviously, this is personal information, so you can share with us the percentage lost rather than an actual dollar amount. My money was pulled out at the end of October, because [...]

I am starting a new section of Money Crashers that will be labeled under the “FAQ” category. These are questiions that I either receive from my contact form, questions I hear people ask on radio/TV, or questions that I hear people asking in everyday conversation.
Should I Cash Out/Stop Contriibuting to my 401(k) [...]

It’s the latest doom and gloom headline from the financial world. The Dow Jones Industrial Average dropped below 10,000 points at the closing bell today, and it was the first time it closed below 10,000 since 2004. It first hit the benchmark of 10,000 in 1999 at the height of the dot com [...]

Yesterday, I discussed the importance of teaching your young children to manage a set amount of money that you give them for extra jobs around the house. Today, I’ll talk about helping your pre-teen learn how to save money. From ages 8 to 12, these youngsters know how money works, but they have [...]

I need your help. I think I know the answer to my own question, but I have the luxury of interacting with over 25,000 people per month on this site. Do you think it would be wise or unwise for me to take the money in my 401k account and use it for [...]