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.

Review of the myFICO 3-Bureau Report and Identity Theft Monitoring

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myfico 3 bureau credit monitoring

Regularly monitoring your credit reports is crucial for maintaining a good credit score. However, it can be difficult to keep track of all your credit details when you have multiple credit cards, loans, and other financial information scattered across many different accounts. While some credit card companies report to one or two bureaus, other lenders might report to another bureau, which means there’s not much cohesion between your credit reports from TransUnion, Experian and Equifax sometimes. If you wished there was an easier way to keep track of your information coming and going from all 3 bureaus, then the myFICO Ultimate 3B ongoing report program might be a good fit for you. Get Your Credit Scores & Reports From All … Read more

Should You Invest in Peer-to-Peer Student Lending?

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In wake of countless student loan myths appearing in media reports nowadays, it might seem like investing in a financial sector repeatedly referred to as a “crisis” or “bubble” would be a crazy idea. While it’s true that student loan debt is at an all-time high, with more than $1.3 trillion loans outstanding currently, this nevertheless represents an optimal chance for independent investors to invest in student loans by using peer-to-peer student lending. Peer-to-peer lending has become a favorable alternative for graduates and families struggling with student loan repayments, as these platforms offer great refinancing options that can lead to lower interest rates and payments on higher education debts. Since student loans cannot be discharged even in instances of bankruptcy, … Read more

Top 6 Questions Everyone Should Ask Before Getting Engaged

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People getting a divorce

If you Google “money and marriage,” most of the top results are articles and studies that offer desperate couples advice on reducing arguments and full-blown fights over financial issues. Money is a touchy subject for so many people, and for a relationship on track to marriage, money is a particularly important topic as you get closer to combining incomes, assets, expenses, debts, and tax filings. Here’s what you need to know before you get engaged. Crucial Questions to Ask Before You Get Engaged If you’re on the verge of proposing to your current partner (or expecting a proposal in the near future), here are some questions to ask each other before popping the question. 1. How much debt do we … Read more

Top 5 New and Unusual Things to Invest In

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Whether you’re a seasoned pro or just getting started in investing, the world of investments isn’t limited to just the usual assortment of stocks, bonds, and mutual funds. In fact, there are many strange investment options that you might not have considered. Many people are flocking to add them to their investment portfolios. Unusual Things to Invest In Here’s a glimpse at five of these unusual options that you might want to consider as well. Cryptocurrencies As Bitcoin continues to rise in value, you’ve probably heard a lot about it in the news lately. Virtual currencies seem complicated for even the most experienced investors. They’re still relatively newer types of investments that few people truly understand. If you get started … Read more

Tax Deductions for 401K Retirement Accounts Explained

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A common myth about retirement planning is that 401k accounts are always superior to IRAs. On its face, this myth appears true. You can contribute significantly more to a 401k each year than an IRA. You can contribute $18,500 to your 401k, versus $5,500 to your IRA for workers under 50 years old. That contribution limit rises to $24,500 for your 401k versus $6,500 for your IRA for workers ages 50 and above. 401k contributions lower your tax burden year-after-year. Some employers even offer matching contributions of up to 3-6% for 401k accounts. However, the math behind the 401k versus IRA debate is much more complicated, as recent tax reform efforts might suggest. Investing in both your 401k and a … Read more

How to Save for College While Your Kid is in High School

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If you’re wondering whether there is still adequate time to invest in a college savings fund for your kid(s), you should go ahead and make the leap anyway. You don’t want to rely just on student loans to fund your education or even the best private student loans. You can invest with a robo-advisor or go through a traditional college savings plan broker, depending on your family’s college savings goals. How to Save for College While Your Kid is in High School Start Investing in a 529 College Savings Plan One of the most important things a parent can do while saving up for their kids’ college education is starting a 529 college savings plan. This type of investment account does … Read more