The Pros and Cons of Annuities

Here's a list of the pros and cons of annuities. It begins with the pros: 1. Flexibility and investment choices 2. Tax deferral for your investment gains3. Income for life4. Asset protection5. Potential protection from market losses. And now the cons: 1. Irreversible consequences.2. Locked up until 59 ½. 3. Poor tax planning. 4. Insurance company financial health. 5. […]

Free riding for fun and profit

AOL and I will never, ever be BFF.  EVER.  They even told me so.  Here’s my story: Let’s go waaaaaaay back to 2000.  Back to a time when every American’s mailbox was absolutely stuffed to the gills with AOL discs.  One fine mid-Atlantic day I wanted some World Wide Web on my computer.  I knew Netzero still had some free numbers around, but the only place I knew to find them was on […]

Free Restaurant Gift Certificates Giveaway from BigCrumbs

Lots of good things and events ahead over the next few weeks here at The Digerati Life! To start with, I am noticing that my traffic meter is inching its way towards the 4 millionth mark! It may take a couple more weeks to get there but it’s getting there! I’m also gearing up for a big surprise this weekend for those who visit the site. Woohoo! […]

Help a Reader: Back to School

Here's an email I recently received from a reader: I am off to grad school in the fall (full time) in order to further my career.  As you know, tuition and costs can be outrageous and my wife and I have been having ongoing discussions on how to best pay for it.  We are both in our early thirties, have good jobs, no debt outside of mortgage debt and no kids (kids will come post school).  We curr […]

Teenagers and Careers: Is Apprenticeship an Answer?

I’m going to go a bit off the beaten path here… Why Nerds Are Unpopular by Paul Graham is one of the most thought-provoking essays I’ve ever read. I’ve re-read the thing several times over the years, each time realizing how much it actually hit upon some of the fundamental truths of my teenage years. […]

Ask the Readers: How Do You Choose a Savings Account?

Here’s a little twist to the typical Ask the Readers column. Yesterday, I exchanged e-mail with financial writer Liz Weston. She gave me advice for this Friday’s post, and in return she asked the following question: I’m writing about all the bonuses you can get for opening a savings account or other financial account (like $50 to open an ING checking account, for example). […]

M&T Bank Checking Account $150 Bonus Promotion

With the economy on the road to recovery (we hope!), banks are getting back into the business of banking. What that means is an increase in the number of bank deals floating around, like new account bonuses. This week, the promotion of note is one offered by M&T Bank (MTB). They are offering up to $150 in new account bonuses when you open a new checking account. […]

An Investing Reminder: Time is Your Biggest Ally

While reading a piece on maximizing your 401k, I ran into this quote: "The biggest influential factor is definitely when you start saving," says Josh McWhorter, president of Black Oak Asset Management in Cartersville, Ga. Money you save in your 20s and 30s has decades of compounding ahead of it. […]

The Simple Dollar Weekly Roundup: High Alert Edition

As I write this, Sarah is actually well past her due date without a baby arriving. She’s pretty uncomfortable at this point, but is keeping up good spirits with a healthy daily dose of naps, reading, and relaxation. As for me? I’m trying to keep the ball halfway rolling until the baby arrives. Ask the Readers: How to Talk About Money with Teenagers? […]

10 Ways to Cut Waste When Feeding Kids

I don't know about your kids, but mine just will not eat kibble. At least not the generic kind. Which means I have to shell out for pricey people food like vegetables, fruit, and milk. To be honest, I'm a better mom than I let on — I even shell out for organic stuff for my three tykes. […]

Poll: Are Your Vacation Plans Different This Year?

Many families take an annual summer vacation to get away for a week or two. In some cases it’s just a quick trip up to the lake, while others make it a cross-country adventure. Whatever the vacation, it costs money. If you drive, it’s gas and maybe a rental car. If you fly, you obviously have airfare. […]

Principal Forgiveness: The New BofA Mortgage Deal

Starting next month (May 2010) or as soon as its operationally ready, Bank of America may reduce principal balances on certain mortgages of deeply underwater loans. […]

Getting a Better and Cheaper Shave

One successful retail business model is the concept in which a company sells a main device at a discounted price while the necessary, refillable or replaceable supplies for that device are sold at a premium. […]

Have a Financial Health Day…at Work

This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Once a month, a small group of folks at The Motley Fool gather to discuss money-saving ideas and exchange tips and tricks. […]

Growing Your Tax Refund

The average tax refund for 2009 is around $3036, up over 10% on 2008 returns. It’s a pretty sizable sum when you think about it. It’s a really nice vacation, a good bit of a mortgage payment, and your credit card debt’s worst nightmare. […]

Roll Over IRA Into 401(k)?

Last week, I wrote about rolling over your 401(k) into an IRA. Shortly thereafter, a reader named Nelly wrote in to ask about the possibility of doing the opposite — rolling an IRA into a 401(k). Here’s her question: I have a small traditional IRA that I’m tired of dealing with. […]

The Investment Ratio

The following is an excerpt from Your Money Ratios: 8 Simple Tools for Financial Security. It’s a hard time to be an investor. Markets are volatile and panic is in the air. Many people are questioning the conventional wisdom that buying and holding sound investments is the most reliable way to build long- term wealth. But is it? […]

Review of Complicit by Mark Gilbert

The author’s marketing firm was kind enough to send me a complimentary copy of Mark Gilbert’s new book called Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable. I enjoyed the book.  It was well-written.  (Mr. […]

Easy Credit Card Management Tips

Many people hate credit cards, but in reality, if they are used correctly, they can be very beneficial to you financially. I’m actually one of those folks who have pledged their love for credit cards with my own strong reasons. But granted, it’s a polarizing subject for many. […]