A Roth IRA for Kids is a Great Way to Build Wealth

A Roth IRA for kids is a great way to build wealth and teach children about investing and the power of compounding. The biggest mistake I’ve made investing is a mistake almost all of us have made. The mistake is not picking the wrong investment. It’s not buying or selling at the “wrong” time. And […]

How to Give Financial Advice as a Gift at the Holidays

With the holidays approaching, it seems we’re all in a mad dash to our favorite retailers. Between figuring out what to buy for those on our list, to buying the gifts, and then wrapping them, there’s no time to enjoy the holidays. And on top of that, how many gifts will we buy that end […]

American Express Serve Prepaid Card Review

It’s now been several years since I began covering the prepaid market. Over those years, there have been major changes to prepaid debit cards. First fees began to come down, to the point that many prepaid cards are free. Then some major companies entered the market, such as Wal-mart and Chase. Then American Express took […]

A 60 Second Guide to the Family and Medical Leave Act

The Family and Medical Leave Act was passed in 1993. I can still remember when President Clinton signed FMLA into law amidst a lot of controversy. Many believed that employees needed the benefits and protections FMLA provides. Others were concerned that the government intrusion into business would have unintended consequences that would harm employers and […]

Beware the Certified Used Car

The last car I bought was a Certified Used Car. That moniker gave me some comfort about the quality of the car. After all, the car was c-e-r-t-i-f-i-e-d. Surely that means high quality, right? Not so fast. And I should have known better. The car I bought was a 2011 Toyota Camrey Hybrid. It was […]

Should You Refinance from a 30-Year to a 15-Year Mortgage?

With mortgage rates once again at an all time low, the rate on a 15-year mortgage is really tempting. According to Freddie Mac’s weekly survey, the average rate on a 15-year mortgage is just 2.63%. And that’s almost 70 basis points lower than the rate on a 30-year fixed. And the really low rate has […]