Archive for the ‘Ask an Ex-Banker’ Category

Ask an Ex-Banker: Freelancer Homebuyer?

Ask an Ex-Banker: Freelancer Homebuyer?

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Editor’s Note: This post first appeared on the website Make Change as an advice column “It’s Complicated,” which is in the spirit of my occasional “Ask an Ex-Banker” posts. If you have personal finance questions for “It’s Complicated” or “Ask an Ex-Banker,” send me a note!    Dear Its Complicated: I’m a single fulltime freelancer […]

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

Note: An ex-student of mine reached out to ask a question many face… Is it best to use savings and investments for graduate school, or to take out loans? Dear Banker,  I saw you answered  a question from a former student about paying down debt and being unemployed on your blog. So I thought I […]

Ask An Ex-Banker: 100% Equities Even In Retirement?

Ask An Ex-Banker: 100% Equities Even In Retirement?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

Hi Michael, I enjoy and look forward to your advice every week. I am about to do as you (and a lot of other smart people) recommend and move our investments to several diversified equity index funds. My question: would you still suggest no index bond funds for someone in our age bracket? I am […]

As An Ex-Banker: Student Loan Repayment

As An Ex-Banker: Student Loan Repayment

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance

Hello Professor! This is your former student, one year post personal finance class, and I am in need of advice. Here’s the backstory. After spending one year in the IT Consulting world, making 70K and being equally stressed to the detriment of my health, I jumped ship (per the advice of my employer, they noticed […]

Ask An Ex-Banker: The Magical Roth IRA

Ask An Ex-Banker: The Magical Roth IRA

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Taxes

A version of this post ran in the San Antonio Express News. Dear Michael, Next January, when I receive the proceeds for a house I’m selling, I’m considering converting 70K from my TIAAF-CREF Traditional IRA into a Roth IRA, and paying taxes to do that that. I could then make my 7 grandchildren the beneficiaries […]