Getting Personal
In this edition of Getting Personal, Chris and Tess talk about cashing out stock, when to start contributing to an IRA, market dislocations and changing financial priorities after a new baby.
Getting Personal (Marketplace)
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- Audio: Getting Personal (Part 2)
Each week on Marketplace Money, host Tess Vigeland looks at the week's major national and international stories that will impact the average listener's wallet. - Blog: Getting Personal
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From Cambridge, MA, 07/11/2009
The extent of SIPC help is under "Terms of SIPC help" here:
http://sipc.org/claim/claimsprocess.cfm
Here's a summary of what SIPC covers:
http://sipc.org/how/covers.cfm
Hope this helps.
From Huntington Beach, CA, 08/10/2008
Hello, I was hoping to verify info that my Edward Jones Fin.Advisor told me. If I have invested in stocks & also have a money markey fund with Edward Jones, the SIPC insures these funds. If I have>$100k cash in the money market account, are my funds >$100k protected?I went to the SIPC website and it states a max of $500k, including a max of $100,000 on claims for cash. My EJ Advisor said that my money that is not invested in stocks is considered a Money Market Account so covered to $500k. Can you verify this for me? I do not want to be put in a position where I might forfiet any personal savings. Thank you very much, Carrie
From Las Vegas, NV, 08/10/2008
I am a single mom in Las Vegas and have the honor of raising a precocious 8 year old who works as an "artist" in a strip show. He will earn close to $45,000 this year and while 15% of his salary automatically goes into a Coogan account by law there is a substantial amount left sitting in a savings account. He would be perfectly happy to spend it all on LEGO but I want to make a smart investment with it. Appreciate the pointers -
From Denver, CO, 08/09/2008
I am going to be coming into a large sum of money that I want to invest for income. I was thinking of investing in no-load munibond mutual funds, but I'm worried about capital risk, rising interest rates, and the impact of the mortgage meltdown (for lack of a better term). This would be long term money, at least ten years. Do you think I'd be okay in bond funds? I don't want the headache of researching individual bonds.
08/09/2008
I was sold an annuity 10 yrs. ago. It was $5000 and is currently about 8000. I should never have purchased this considering my financial situation. I am now much more money savy. My question is should I cash it out. It just sits there and I have some unexpected medical/dental bills - about $6000. I am a good saver but hate having this hanging over my head. I save better when not in debt. I can afford to sell this. I currently save 20% in my 40lK as I started late. I also have an emergency fund which is helping me buy some time off work while I recover. Thank you.
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