Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications about investing, retirement planning, and even how to find the best return on investment. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com. Hank has written over 750 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman. Subscribe To Money Q&A If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

Top 4 Common Retirement Mistakes and How to Avoid Them

by Hank Coleman

There are plenty of ways to make retirement planning less stressful. But, people are oftentimes too caught up in saving for vacations or paying off debts to dedicate much effort to prepare for retirement. We all make mistakes. But, do you make retirement mistakes? Considering the significant income drop you’ll experience after retiring from your current line of work, planning for retirement is one of the most important things you’ll ever do in your life! The last thing you want to do is reach your 60s with little saved for retirement. To clear up any confusion about retirement planning and help you stay on track to meet your goals, here are some common mistakes you should avoid. 4 Common Retirement … Read more

Top 10 Ways to Save Money on Valentine’s Day Gifts

by Hank Coleman

Valentines Day gifts can be expensive. But, they don’t have to be! You can save money on Valentine’s Day gifts and still make your significant other very happy! You just have to get a little creative on Valentine’s Day gift ideas. Valentine’s Day is an expensive holiday for most people. And, it’s very hard for couples and spouses to save money on Valentine’s Day. According to the National Retail Federation (NRF), expected sales for Valentine’s Day this year are expected to be over $19.7 billion. That’s an increase of over $1.1 billion from last year. The average person planning to spend $146 on candy, cards, gifts, and more which is over a 10% increase from last year and the highest spending total in the 12 years that … Read more

The Pros and Cons of Never Buying a Home

by Hank Coleman

As you’ve probably noticed, the housing market has experienced unprecedented sales opportunities over the past several months. It’s gotten to the point where many would-be buyers cannot keep up with the frenetic pace of bidding wars that often lead to homes selling for 10-30% or more over the asking price. But is it ever right to never buying a home? The hot market is likely the culmination of several factors, including ultra-low interest rates, higher-income workers saving a lot more money over the pandemic by staying home most of the time, and a significant shift in consumer lifestyle preferences from chic urban apartments to bigger homes in the less-populous suburbs. Why Never Buying a Home May Be Okay If you had … Read more

403b vs 457b – Pros and Cons of 403b Retirement Plans and 457b Retirement Plans

by Hank Coleman

Saving for retirement can be a confusing experience whether you’re just getting started in your early twenties or you’re on the verge of retiring within the next decade. There are so many different options to choose from – not all of which may be available to you, depending on what your employer offers – and choosing the best plan possible is critically important for securing your long-term financial sustainability. If you’ve encountered 403b retirement plans and/or 457b retirement plans as potential retirement planning options, then which one would be the ideal fit for your situation? 403b vs 457b Before we take a deep dive into the pros and cons of each type of retirement savings account, let’s start with the … Read more

What Is Insider Buying? How Investors Can Make Money Spotting Insider Buying

by Hank Coleman

Insider buying is when a director, officer, or executive buys shares in a corporation they work for. It’s not insider trading which refers to corporate insiders making illegal stock purchases based on non-public information. Investors can spot insider buying by looking for directors, officers, or executives who have recently bought shares in the company they work for and use this information to decide whether to invest in that company as well. When people with insider knowledge buy stocks themselves, it means that they believe the company has potential and would be worth investing in at some point down the line. You can find the latest insider trades from company executives by looking at SEC Form 4 filings. For example, if … Read more

Best Way to Save for Retirement When You Are in Debt

by Hank Coleman

Getting (and staying) out of debt and saving regularly for retirement are some of the most important personal financial habits that everyone should be doing, but having a finite income with conflicting financial priorities understandably complicates matters. If you have student loans, a running balance on your credit cards, or other outstanding debts in the 4+ figures range, how should you balance your debt repayment plan (short-term goal) with your retirement savings plan (long-term goal)? What is the best way to save for retirement when you are in debt? Best Way to Save for Retirement When You Are in Debt The answer to this ultimately depends on the amount of debt and the interest rate you’re paying. Still, a generally … Read more