Financial Planning Blog
Have Money In The Stock Market? What You Need To Know About Re-balancing Your Portfolio
After years of upward movement, there's a good chance your portfolio took a hit in 2018. But whether your returns were up or down, it's a good time to take a close look at your investments to make sure they're not out of whack. To rebalance. It starts with asset...
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My Son Goes To College In Two Years. How Much Should I Be Saving?
Q. Where can I open a 529 account for my son? I'm beginning to panic because he's a sophomore in high school. How much should I be trying to save? -- Parent A. We understand your panic. With your son so close to college, there's not a lot of time. If you haven't saved...
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My Neighbor’s Tree Fell on My House. Why Did My Insurance Rates Go Up?
Q. A neighbor's large tree fell on my house and it took tens of thousands of dollars to repair the damage. Because of that, my insurer has increased the premium on my homeowner's insurance. Should I appeal that increase since it was no fault of mine that someone...
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Is Car Insurance Cheaper for a Stick Shift?
Q. Does owning a car with a manual transmission qualify as having an "anti-theft" device for auto insurance purposes? I ask because I've read some stories about carjackers and car thieves who were subverted by attempting to steal cars with manual transmissions because...
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Mom’s Adult Kids are Bad with Money. How to Help?
Q. I suspect my daughter and son-in-law are not good budgeters. They don't seem to really know how much money they need. He works as a subcontractor and income could be great or poor. I'm entitled to complain since I am their lender of last resort. Is there a service...
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Read This Before You Hire a Financial Advisor
Q. Why do all the places that say we can help you manage your money, but the first thing they want you to do is sell all your investments and buy theirs? How can I choose someone to help who won't put their commissions first? -- Investor A. There are many reasons why...
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How to Help a Parent Who Has Never Managed Money
Q. My father passed away two months ago and I've been trying to help my mother get all her bills and investments together. My father always handled the money and my mother isn't sure where all the accounts are, and she doesn't want to let me go through the papers. I'm...
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I Won My Property Tax Appeal but Lost The Senior Freeze. Now What?
Q. In 2014, I applied for the Senior Freeze and received a payment for my property taxes. In 2016, I had my home reassessed through an attorney because there was a big increase. The court ordered that the Township reduce my property taxes by $980. I was happy, but...
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Will My Credit Freeze Hurt My Credit Report?
Q. I tried to apply for a credit card, but forgot that I put a freeze on my credit reports because my name and Social Security number were compromised by a hack at a major department store. Will this have an adverse effect on my score? -- Credit concerned A. Nope. It...
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Shopping For a Car Can Actually Lower Your Credit Score – Here’s How to Avoid it
Q. I have 26 hard inquiries in my credit report -- ouch! I contacted the credit bureau and 15 of these were for a car loan. I explained to the credit bureau that I only authorized the car dealership to pull my credit. The bureau was unwilling to remove them because I...
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