And I hope you have answers. I try to be fiscally responsible and I actually accomplish this in the short run with our bills, etc. But, I don't really understand the ins and outs of investing and such. I like to have my money available to me if needed, but it's sitting in a 4% money market account, which is not the best I can do, I think. However, I've done research and research and more research and seeing as how I'm too cheap to actually contact a financial advisor for information, I'm hoping to learn more right here.
Also, what is all this talk of recession and housing. If we have a fixed rate mortgage (which is a very low rate, to boot), then should we be worried about losing our home? Or is the panic just over the folks who have ridiculous ARM loans or interest only loans?
I'm just not sure I follow all of this madness. I've read about investment and 401Ks and all that jazz. My dad had set Buddy up with a prepaid college plan (529) as an infant and we pay $75 a month on that until he is college aged and can use it. I haven't done anything for Sissy yet and she's almost 2. The company (Hartford) no longer offers the WV prepaid plans like the one Buddy has, so I was hesitant to put money into a different plan for her.
Growing up, I was taught that three subjects were off-limits in company. Those three were politics, religion and finances and I try to stick to that even to this day. And, I'll even add one more: abortion. No matter how politely you come into the subject, someone is going to get their feelings hurt.
Anyway, without being super specific, would anyone care to answer these burning questions or even tell me what has worked for you in the past (again, no specifics - if you went with Charles Schwabe and like them, that's all I need to know. I don't need to know you rolled $30K to them for investments - that's none of my business).
That reminds me... I need to get my TurboTax software for this year. I've used them the last three or four years and LOVE it. It beats the days when the Evil Twin did a lot of freelance work on top of his regular job and I had to file a Schedule C and calculate all that crap myself. :-)