Question: Including my house, vehicle, student loans and credit cards, I am $254,104.83 in debt. Currently, I am in the process of trying to sell my house. I can not cut the price and take a loss because I do not have the money to bring to the closing table. I am trying to just break even. Since I do not know when the house is going to sell, I am debating whether or not to borrow the money from my 401(K). Should I wait a while before I borrow the money and see if the house sells or should borrow the money ASAP so that I can start turning things around?
Question: My question is do I try to refinance my home, sell it, get a different job, or cash in my modest 401k to turn this around? I have survived a very difficult 2 1/2 year custody battle that cost $30,000+. I would do it again for my son's sake and well being. At separation, I was a stay-at-home mother. I went back to school to earn my masters degree in teaching to be an effective single parent in my child's life.
The trillion dollar floodgates haven't opened yet, but soon the 76 million baby boomers will want their money back from the retirement accounts they so carefully fed.
John Burns says staying the course is the only smart path to prosperity. Burns, founder and chief investment officer of Burns Advisory Group, joined CNBC's "Power Lunch" to offer his insights into how to play the market today -- and how to prepare for tomorrow.
Saving for college and estate planning are two major financial concerns for most families.
A reader recently asked me for tips on how, and when, to switch careers. It's a question I've been asked a few times recently. I've done a lot of research on this topic and would like to share with you some of the things I've learned.