I received a phone call earlier this week. Here’s a summary of how the conversation went: Me: Hello. Caller: Do I need a Roth IRA or Traditional IRA? Me: Roth. Where are you opening it? Caller: Scottrade. Me: Do you know what to invest in? Caller: No. Me: We’ll worry about that later. Are you […]
As a mom of small children who spends time with other parents of small children, I’m often asked how to open a college savings account. Below I’ve put together a step-by-step plan to open a 529 plan. I’ve tried to keep it simple, as I often find the reason for not doing anything is because […]
Here’s the goals for My Dollar Plan: Offer a place for friends and family to go to get answers to their questions. I spend a considerable amount of time researching and advising people on all money matters. Because the topics often repeat and overlap, I want to point them to this site for their answers. […]
As I sort through the piles and piles of financial articles and clippings all over, I found an old clipping I saved in Bloglines. This article about how to convert paper savings bonds to electonic from My Money Blog is on my to-do list for Sam. As I was accessing her safe deposit box (I […]
One of my favorite retirement tools is a Roth IRA. Yearly contribution limits keep us from using it for all our retirement assets. However, a little known way to contribute additional funds is through the use of an after tax account with an employer who allows in service withdrawals. Fortunately my employer allows this. Here’s […]
I have always had a passion for seeking out ways to squeeze every penny out of a dollar and then some. When I hear about a great financial idea I like to push it just a little further to see if I can’t make some more money. I opened my first IRA while I was […]
