Why Was I Taxed On An Early IRA Distribution?
by Lynnette Khalfani-Cox, The Money CoachQ: My husband and I each took $10,000 early IRA distributions to help pay for a construction loan on a new house. The amount is exempt from the 10% penalty but...
View ArticleSix Tips on How to Avoid Squandering a Financial Windfall
by Lynnette Khalfani-Cox, The Money CoachWhat would you do if you received a sudden financial windfall, like winning the lottery, getting a big inheritance or coming into an unexpected pile of cash?...
View Article5 Tips for Investors During Stock Market Volatility
by Lynnette Khalfani-Cox, The Money CoachIf the recent stock market volatility has rattled you, it’s time to get a game plan for how you will survive this latest financial crisis. In mid August 2011,...
View ArticleHow To Find The Right Financial Advisor
by Lynnette Khalfani-Cox, The Money CoachQ: My wife and I are in our early fifties and have been without a financial advisor for 18 months. The majority of our liquid assets are in a Fidelity account....
View ArticleWhat are the Age Rules Regarding an IRA Withdrawal?
by Lynnette Khalfani-Cox, The Money CoachQ: I am retiring and want to roll over my deferred account to an IRA. Which is the best IRA account? And how old do I have to be to withdraw without getting...
View ArticleThe 10 Worst Performing S&P 500 Stocks of 2011
by Lynnette Khalfani-Cox, The Money Coach24/7 Wall Street recently put together a list of the 10 worst performing S&P 500 stocks of 2011. Did you buy any of these duds? This ranking is based on the...
View ArticleHow to Invest Better in 2012
by Lynnette Khalfani-Cox, The Money CoachReaders of AskTheMoneyCoach.com who have read my article on the “10 Worst Performing S&P 500 Stocks of 2011” may want to know how they can invest better in...
View ArticleTips for Investing in Real Estate with an IRA
by Lynnette Khalfani-Cox, The Money CoachA subscriber of AskTheMoneyCoach posed a question about investing in real estate with a self‑directed IRA. Q: I have been contributing to a pre‑tax 401(k) for...
View ArticleHow to Find the Best Online Stock Broker
by Lynnette Khalfani-Cox, The Money CoachIf you’ve decided to diversify your investments and are interested in purchasing stocks, don’t overlook the benefits of working with an online stock broker....
View ArticleWhy A Hedge Fund Guru Calls This Weight Loss Company a Pyramid Scheme
by Lynnette Khalfani-Cox, The Money CoachHerbalife is a multi-level marketing company that sells weight loss products and nutritional supplements. On the surface, there’s nothing illegal about that....
View ArticleWhat is the Best Way to Save Money and Get a Good Return on it?
by Lynnette Khalfani-Cox, The Money CoachQ: What is the Best Way to Save Money and Get a Good Return on it? A: I recently wrote the following article that answers your question about saving money and...
View ArticleI Live in Quetta Pakistan. I Want to Invest Money in Genius Funds. Should I...
by Lynnette Khalfani-Cox, The Money CoachYou’re not the first person to ask me about investing in Genius Funds – though you are the first person to write me from Pakistan! Proceed with caution before...
View ArticleHow to benefit from opening a non-deductible IRA
by Lynnette Khalfani-Cox, The Money CoachYou are correct in your assumptions. Yes, you can open two IRAs (one for 2009 and one for 2010), and safely convert them into a Roth this year because of the...
View ArticleI Have No Savings and am Struggling. What Should I Do?
by Lynnette Khalfani-Cox, The Money CoachQ: I’m 57 Years Old With Serious Arthritis. I Work With Severely Emotionally Disturbed Boys. I am Considering Resigning from This Position, Taking Money Out of...
View ArticleI Was thinking About Going with Edward Jones for a 401(k). Is this a Good Idea?
by Lynnette Khalfani-Cox, The Money CoachQ: I am 26 and Behind in the Investing Game. My Bank Offers a ROTH IRA and I’m Going With That. I Was thinking About Going with Edward Jones for a 401(k). Is...
View ArticleShould I sell some of my investments to pay off my debt
by Lynnette Khalfani-Cox, The Money CoachQ: I am a 53-Year-Old Single Woman Who is Medically Retired. Between Disability and Retirement Income, I’m Living on About $24,000 a Year. I Have a Little Over...
View ArticleShould I Pay off a Few Credit Cards Using My 401(k)?
by Lynnette Khalfani-Cox, The Money CoachI’m 61 and Plan to Retire at Age 62, Though I Would Work Until 65 If needed. I would Like to Pay off a Few Credit Cards Using My 401(k). Is This a Wise Choice?...
View ArticleWith Gold Prices Hitting New Highs, Is It Time to Sell Your Gold Jewelry?
by Lynnette Khalfani-Cox, The Money CoachThe price of gold closed at $1,259 an ounce last week, setting a new record. So does that mean it’s time to cash in on that gold laying around your house that...
View ArticleSEC launches major blitz against financial scam artists
by Lynnette Khalfani-Cox, The Money CoachThe Securities and Exchange Commission went on the offensive in a big way Monday – cracking down on several shady investment dealers and warning the public...
View ArticleShould I Invest My Money In Order To Save For A Home?
by Lynnette Khalfani-Cox, The Money CoachQ: I have $1000 I would like to invest. What type of investment you think I can do that will yield the highest (return). I am saving to buy a house and hope to...
View Article
