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The Clarion - Dave Says

Dave Says - 01/16/13

 

 

Responsible after death?

 

Dear Dave,

My daughter died. She was 32 years old and single, and she had lived with me for the last few years because she was recently disabled. I did not support her financially, and when she died she had no assets and no will. Is it my responsibility to pay the student loans and medical bills she left behind?

Jim

 

Dave Says - 01/09/13

Better safe than sorry

 

 

Dear Dave,

My wife and I are 70, and we have $950,000 in annuities in the market, plus $68,000 in our emergency fund. The only debt we have is our mortgage. I’m considering converting our stocks to a money market account to lower the risk. What do you think?

Howard

 

Dave Says - 12/26/12

 

The tuition payment plan

 

Dear Dave,

Our son is graduating from high school next spring. We’ve saved cash to pay for his first year of college, and we have enough in mutual funds to pay for another semester. When should we pull out the money to use for his education?

Denise

 

Dave Says - 12/19/12

The tuition payment plan

 

Dear Dave,

Our son is graduating from high school next spring. We’ve saved cash to pay for his first year of college, and we have enough in mutual funds to pay for another semester. When should we pull out the money to use for his education?

Denise

 

Dave Says - 12/12/12

Sallie Mae vs. selling the car

Dear Dave,

I make about $70,000 a year, and I have $9,000 in student loan debt. I also have a car that would bring enough to allow me to pay off the student loans. Do you think I should sell?

Dave

 

Dave Says - 12/05/12

 Why you shouldn’t cash out

 

 Dear Dave,

Is it a good idea for a married couple in their early thirties, who have a lot of student loan debt, to cash out one of their 401(k)s to pay it off?

Marcy

   

Dave Says - 11/28/12

Letting them in on the secret

 

Dear Dave,

I’m in a very fortunate position when it comes to my finances. I’m 25, and I make $50,000 a year. I’m also completely debt-free. In your opinion, when is it appropriate to let someone you’re dating know about your financial situation?

Anonymous

   

Dave Says - 11/21/12

 Authorized users don’t help your credit

Dear Dave,

My brother asked me to put his name on my credit card as an authorized user. He said it will help improve his credit score. Is this true, and would it help my score in any way?

Anna

   

Dave Says - 11/14/12

Not ready to combine finance

 Dear Dave,

I recently got engaged. Is it okay for us to go ahead and combine finances and start working on a budget before we get married?

Adam

   

Dave Says - 11/07/12

 

 

 

Now, you are one

 

Dear Dave,

I got married in May, and my wife brought student loan debt into the marriage. I had some savings before the wedding, and I could pay this off immediately without putting us in a bind. But is this “her” debt, or should I look at it as “our” debt?

Ernest

   

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