Today, the members of the M-Network are happy to announce a new feature called “Ask The M-Network.” This feature allows you, our readers, to submit personal finance questions to any of the M-Network members using the contact form on any M-Network member’s blog. Your question will be answered by several M-Network members and published within a few days on the blog where you submitted the question.
Here area few important points about the “Ask The M-Network” program:
- Our answers are opinions not professional financial advice – Please remember that we are personal finance bloggers and not finance professionals. Our answers should not be considered professional advice and we assume no responsibility of any kind. Please consult a certified financial expert as needed.
- Not all questions will be answered – We will only answer selected questions. If your question is answered, you’ll also be notified via email with a link to our responses.
- Questions will be answered publicly – The questions and answers are considered property of the M-Network. Once published, you cannot ask us to remove the question. Please note, we retain the right to reuse the questions and answers any way we choose.
- Your identity is safe – Please note that we will not publish your full name or email; we will refer to you by your first name or any name that you give us.
That’s it. We hope you’ll give this feature a try!
How to participate: There is a banner over to the right that will be on every page of Cash Money Life that you can click on at any time to be brought back to this post with the details. Here is my contact form for when you have a question. I look forward to hearing from you!
Past editions on Cash Money Life:
- Money Management and a New Career.
- Health Savings Accounts with High Fees.
- Should I Raid My Retirement Account to Pay off Debt?.
- Should I Raid the 401(k) to Buy “Safe” Assets?.
- Should I Pay Off Student Debt or Save Money?
- What Do You Do When You Can’t Afford Your Student Loan Payments?.
Related Articles:
- 3 Questions to Ask Before You Give
- Illegal Job Interview Questions
- Economic Stimulus Rebate – Frequently Asked Questions
- Unemployment Benefits – How to File and Other Frequently Asked Questions
- Financial Security For Your Family – Creating a Financial Continuation Plan
{ 15 comments… read them below or add one }
Good thing you started this personal finance question and answer forum. Might use this someday considering that most of the problems today is money. Any practical advise is very helpful.
I am starting my own blog and have been gathering information. I have been following Frugal Living,Frugal Dad,Blissfully Domestic,ect since Nov.
My question is: WHAT SERVER WOULD BE THE BEST AND MOST FRUGAL FOR A BEGINNER BLOGGER PLEASE.
Thanks bunches,
Sheryl
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I’m closing out my traditional 401k (had enough) Can i put this money into my company’s hsa?
Ron: No, according to the US Treasury, you cannot roll your 401(k) directly into an HSA:
I would recommend leaving your money in your 401k account to avoid early withdrawal penalties and locking in your current losses. You might consider choosing a less volatile asset allocation mix or invest your current assets in cash within your 401k to avoid taxes and early withdrawal penalties.
I was laid off Nov’08. Have a severance package but the cash is bleeding away. Health insurances expires end of April. I am collecting unemployment but net burn is ~$4.5K @ month. I am single with a mortgage & a host of bills. My question is that I’ve been advised to hold onto my cash & cut back paying on bills not knowing when next job will appear. I am upside-down on a boat with value being ~$180K & a note of ~$215K. Payments are $1.3K a month. I stopped making payments & advised the bank that I can’t afford loan payment. I am still paying boat insurance & advertising to sell. I realize this will impact my credit rating/score & boat will be repossessed in ~4-5 months after due process. I have rented a room to bring in some extra money but am burning ~$4.5K cash a month from reserves.
Is the boat decision a wise financial one so as to not burn thru remaining cash as fast? I realize there are more variables.
Texas
I cannot afford my student loans due to my job is doing away with full-time work and only offering part-time work. I pay $200.00 a month, but with my new position I can only afford $100.oo a month. I have tried to renegotiate the terms of my student loans however they will not work with me at all. How will my credit be affected?
hi, I am 68 yrs. old. My son just paid me back the money that he owed me, and I need to put this money somewhere. I don`t want to tie it up in a portfolio. Is there something that I can do to make a little money , and still have access to it without going through paperwork to get it? I had thought about buying a condo with a couple people, and renting it out, but maybe there is something that I have not thought of, that some financial wizard can come up with. I need to make some decisions soon. I don`t mind investing it if can have ready access to it. Hope to get as many ideas and advice as possible. Thank you all in advance.
We bought our new construction townhouse in Oct of 2008 and today we are getting letters from the township and other people saying that our taxes have not bee paid.
Our mortgage transfered from Countrywide to Bank of America. Countrywide always had money to pay for the taxes and then when switched to Bank of america.. no taxes are being paid.. we had to call them and tell them to use our escrow to pay the taxes.. there are now all sorts of fee’s because Bank of America did not pay our taxes.. they said they would pay for the fee’s.. but now we have back taxes .. merry christmas to us.. we have to now pay an extra $200 a month to make up for their mistake.
Can we just cancel the escrow and pay the taxes ourselves? would it be easier to do that.. I’m sure we can setup automatic bill pay right?
Is it cheaper or better to do this?
We do have a savings account that collects interest.
Thanks for taking the time to read this
Daniel Lindenbaum
-Coatesville, PA (an hour outside of Philadelphia)
Daniel, You need to contact your lender to determine whether or not you can cancel your escrow account, as some lenders require it. You may need to prove you have the financial means to pay your taxes and homeowners insurance to be able to cancel your escrow.
Sorry to hear about your situation, and I hope they get on top of it for the coming year. Best of luck.
Yes but you didn’t answer my question.
My question is .. is it a good idea to do it?
Is it easier to just pay the taxes ourselves and then not worry about another company paying them for us?
Daniel, check out this article for more information: Pros and Cons of Mortgage Escrow Accounts.
I turn 50 in Feb 2010 can I make an IRA contribution of $6000.00 this year or
do I have to be 50 before the end of 2009 to do this?
Hello I have 5 small questions regarding financial investment in stock trading companies.
1.how/where can you find a company’s quarterly earnings report?
2.How/where can you find a company’s logarithim weekly scale graph?
3.how where can you find a company’s annual earning?
4.how can you find a stocks daily volume and a stocks average daily volume, over a period of three months.
5. where can you find out if a stock is being bought by it’s own company?
kind regards, would really appreciate your help.
Thank you.
Check out Google Finance – most of the information you are looking for can easily be found in their pages.