Comments for Ufinance.net

Comment on Life Insurance by Vicenta Bentrup

Vicenta Bentrup — Sun, 18 Jul 2010 05:50:33 +0000

Very good news the €, yesterday the EU managed to get above 1.30.

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Comment on Tribute Credit Card by Credit Cards Expert

Credit Cards Expert — Sat, 12 Jun 2010 20:04:26 +0000

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Comment on Investment Buying: Sears Holdings (SHLD) by Nevaeh Green

Nevaeh Green — Mon, 24 May 2010 08:07:06 +0000

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Comment on How to Open a Mutual Fund Account by Carnival of Personal Finance: Greatest Hits Edition âˆž Get Rich Slowly

Carnival of Personal Finance: Greatest Hits Edition âˆž Get Rich Slowly — Mon, 18 Jun 2007 08:24:40 +0000

[...] General Finance has a good overview of how to open a mutual fund account. [...]

Comment on Savings Money Tips by Chris

Chris — Mon, 11 Jun 2007 15:56:06 +0000

Oh, and you missed a couple of non-necessities, such as cable/satellite TV. Don’t forget, an antenna from your local supplier, should only cost $150+, and that cost can be spread across your lifetime. Or, if you think of cable/satellite TV a “necessity”, you can simply get the $30+/month option for basic service instead of all the pay channels, etc.
If you live close to work, do you really need a vehicle? After all, you have initial cost of a vehicle, gas, maintenance, and insurance. Now, if you drive 2-3 times a month, and it only costs a couple hundred dollars use public transportation (i.e. bus, train, cab), you may just be better off not getting a vehicle.
Personally, I want my children to pay cash for a vehicle when they need one, but also have money left to take care of routine maintenance and repairs for it.

Comment on Savings Money Tips by Chris

Chris — Mon, 11 Jun 2007 15:46:38 +0000

You might want to check out this blog.
http://oldprof.typepad.com/a_dash_of_insight/

He makes some valid points when it comes to the negative savings rates.

Also, picture something like this.
Person A:
Mortgage: $850/month
Utilities (electricity, heat, water): $250/month
Food: $350/month

If they had a brokerage account (not a traditional retirement account per se), and this account earned 8%/yr, and merely distributed the interest when necessary. That person would only need to have $217,500 in that account. Not pocket change, to be sure, but still very plausible, even to those who earn say $50k/yr.
In my personal case, I’d have to have $1,125,000 in such an account to offset my living expenses (merely because we have a shorter term mortgage than most folks bother getting – a 15 year mortgage). Keep in mind that I’m targeting $3.3 M so that I only withdraw 4%/yr.

Comment on Stock Market Crushed? by Andy

Andy — Sat, 09 Jun 2007 15:57:31 +0000

The Primary Trend hasn’t changed, yet — but Bull’s still running. Friday’s bounce-back makes for a very interesting Monday.

Comment on Real Estate Taxes by internet make money selling

internet make money selling — Sun, 13 May 2007 07:15:05 +0000

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Comment on Comparing College 529 Plan: Saving Up by Katie

Katie — Fri, 11 May 2007 12:46:14 +0000

“And when the money is withdrawn it is taxed at the childâ€™s income level. ”

This statement is incorrect. When money is withdrawn from a 529, if it is a Qualified Higher Education Expense, the withdrawal is tax-free. The withdrawal would only be taxed IF it is a non-qualified withdrawal. And then depending on how the money is withdrawn would determine whether it is taxable for the owner or for the beneficiary.