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Yielding Wealth | Personal Finance

October 13th, 2008

Ask the Piggy Bank: Should I Put Off Retirement?

I’ve been thinking about my parents a lot lately, since they are approaching retirement age. My husband’s dad retired last year, and his mom expects to retire this year. So I’ve been contemplating their situations. I also had a brief email conversation with Patrick over at Cash Money Life in which he wondered how many […]

By miranda -- 0 comments

September 26th, 2008

Ask the Piggy Bank: Life Insurance as Retirement Income?

We’ll take a little break from all bailout all the time to answer a reader question:
Three years ago my husband and I were talked into purchasing permanent life insurance policies as a means to eventually supplement our retirement.  This was in addition to my husband’s 401k but at the time was my only contribution to […]

By miranda -- 2 comments

September 18th, 2008

Ask the Piggy Bank: What is Deflation?

I received this interesting question from a reader last night:
I’ve been hearing a lot about inflation lately. But now I’ve started to hear about deflation. What is deflation?
An excellent question! At its most basic, deflation is a fall in prices. It is the opposite of inflation. In the sense of this economy, deflation is most […]

By miranda -- 1 comment

September 2nd, 2008

Ask the Piggy Bank: Is Overdraft Protection Worth It?

I love me some questions from readers, and I thought this one, in light of my recent adventures in banking, was a great one:
Is overdraft protection worth it?
One of the things I love about personal finances is that they’re, well, so personal. Really, it depends on your habits. First, though, a little background on overdraft […]

By miranda -- 9 comments

July 21st, 2008

Ask the Piggy Bank: Saving Money on College Costs

As the new school year approaches, many people turn their thoughts toward school costs. And this includes college costs.
Here is a question I received from a reader about college costs:
My oldest daughter will be starting college in three years. What can we do now to prepare for saving money on college costs?
First of all, kudos […]

By miranda -- 4 comments

June 16th, 2008

Ask The Piggy Bank: How Are Health Insurance Premiums Figured?

I got this great question recently from a reader:
I really don’t use my health insurance that much, beyond preventative care visits and a couple of regular prescriptions. What is it that is causing my health insurance premiums to go up?
This is a common question that many people are asking right now. After all, the cost […]

By miranda -- 0 comments

April 10th, 2008

Ask the Piggy Bank: What is An Index Fund?

Today I am pleased to answer a reader question about investing. Here it is:
I’ve heard a lot lately about the advisability of investing in index funds. What is an index fund?
If you’ve been reading advice about investing lately, you might have the same question. After all, many financial planning experts and investing analysts recommend index […]

By miranda -- 2 comments

March 31st, 2008

Ask The Piggy Bank: What is a Recession?

Here at Yielding Wealth, there has been many posts about the tax rebate, and the economy and a possible recession. And, of course, I’ve got many questions along these lines:
There is a lot of debate about whether we are in a recession, and how we can prevent a recession. I want to know: What IS […]

By miranda -- 6 comments

March 18th, 2008

Ask the Piggy Bank: What Should I Do With My 401(k)?

Jennifer Hoffman over at My Organized Biz is once again prodding me. This time with a question about the 401(k). When it comes to retirement plans, even in times of economic downturn, the main advice it “don’t panic.”
Many people, in times like this, violate the main rule of investing: “buy low, sell high.” Instead, they […]

By miranda -- 6 comments

March 12th, 2008

Ask the Piggy Bank: Variable or Fixed Annuity?

Jean, over at Small Business Boomers and of The Thriving Writer fame, submitted this question for Ask the Piggy Bank:
I’m looking at buying an annuity and I’m wondering what the difference is between a variable annuity and a fixed one.
This is an excellent question. Annuities are used as retirement income. Basically, they are savings […]

By miranda -- 6 comments