America is getting older. With 10,000 people turning 65 each day, both they and their families will be faced with some new challenges. Sure, we’re familiar with the common struggles. Adjusting to retirement, healthcare, transportation, and so on. However, another…
Based on how things are looking for my family this year, I think I may have over contributed to my Roth IRA. What should I do to fix this? — Concerned. ———— Dear Concerned, If you’ve read our blogs…
Pete and Team, While reviewing my 401(k) transaction history, I noticed irregular time gaps between deposits. I also noticed deposits in multiples of my weekly withheld amount. It looks to me like the company (currently in bankruptcy proceedings) was deciding…
Hey Pete and Damian! Got a 529 question for ya…. What if you have a 529 fund for a child who later develops a disability and is unable to attend college? Say autism or other severe learning disabilities. Can this…
Hey Pete and Damian! I’m hoping you can answer a savings question for me…. My wife is the primary breadwinner for our household. Besides taking care of things in and around the home, shopping, and transporting our daughter for school,…
On a recent episode of the podcast, Pete and I discussed alternatives to the “cash envelope” method of budgeting. If you’re not familiar with the ol’ cash envelope system, I’ll explain. First, you’ll get a few envelopes and write different…
We need to talk. If you saw Pete’s article for the Indianapolis Business Journal (here), you may have been confronted with a reality you hadn’t considered or didn’t want to confess. For a great number of people, including some…
I typically max my 401(k) out each year and I think I could actually do it much earlier in the year if I changed my contributions. Is this a good idea? Scott ———— Hey Scott, Congratulations on being…
“Hi! My name is Pam. I have a question regarding the nursing facility where my Mother-In-Law is a resident. I was under the impression that the Stimulus Check was the property of the person who the check was sent to. I…
Around here, we field a lot of questions about student loans. There seems to be an endless amount to know in this space. It’s always our goal to always be learning as much as we can about loan types, repayment…