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Barbara Bedway
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Budgeting Wisely, Investing Carefully
At 24, Molly Laurain is making a good salary, but she spends most of what she earns. And that?s not going to help her pay for graduate school. Here?s how she can save money, invest it wisely, and keep her options open if she decides to go for a master?s degree. But like many...
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How to Pay for Graduate School
Molly Laurain faces a tough decision in a delicate economy: Pursue a graduate degree to boost her credentials in a tight job market or hang onto the job she has? We show her how to make that decision, and explain how to pay for school should she ? or you ? decide to go. Like many...
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Your 40s: Time To Focus on the Financial Future
Real Life: The KazanjiansIt quickly becomes apparent from conversation with John Kazanjian that he has an entrepreneur?s spirit and a missionary?s heart. A 48-year-old father of five, he owns and operates two successful businesses in the university town of Ann Arbor, Michigan: John?s Pack & Ship...
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How to Restore a Devastated Nest Egg
Dan and Barbara Hoffa felt a lot wealthier in 2007 than they do today. The market's plunge vaporized half of the Hoffas' portfolio, reducing their total liquid assets to about $900,000, a little more than half of which is arrayed in 401(k)s and a Roth IRA. The couple has an additional...
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Boost Your Income on the Verge of Retirement
Before the recession stormed in, Dan and Barbara Hoffa could see nothing but smooth sailing ahead. But now Dan is unemployed, Barbara’s income has been slashed, and their comfortable $2 million nest egg has been crushed. Dan plans to file for Social Security in August 2010, when he turns 66...
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Rehabilitating a Lopsided Portfolio
When the Radoseviches began phasing into retirement in 2006, their portfolio was worth about $1.5 million. Not anymore. Don, like everyone else, was enthralled by the stock market’s seemingly unstoppable surge in value in the past 20 years. He recalls, with something like nostalgia, that...
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Escaping the Two-House Cash Crunch
A dual-home lifestyle seemed quite manageable back when they had about $1.5 million in savings and retirement funds. But the market freefall and a loss of about $800,000 have forced the Radoseviches to reconsider their plans. The dual-home lifestyle seemed quite manageable back when they...
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In Retirement: Manage Your Money in a Post-Crash World
Real Life: The RadosevichesDon and Sherry Radosevich didn’t want to plant themselves in one place when they retired. Their plan was to spend springs and summers in their four-bedroom ranch house in Wisconsin and then, when the weather turned frigid, escape to their condo in Florida. The day...
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Help an Elderly Parent Without Going Broke
There’s a name for the Hoffas and the growing number of people facing the same challenge: the Sandwich Generation. Not only are they raising children, but they are also caring for elderly parents. In the Hoffas’ case, the good news is that their children are through college, and the...
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Get Serious About Investing
John and Michelle Kazanjians’ investments are scattered among a hodgepodge of funds and stocks. They need a systematic, disciplined strategy. The owner of two Ann Arbor, Michigan, businesses for college students — a packing and shipping firm and a laundry service — John has another...
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