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.

Robo Advisors vs. Peer-to-Peer Lending – Which Is Better?

by Hank Coleman

When you’re trying to get the best return on investment, you need to think outside the box for new investment options and platforms that offer a balanced mix of risk and reward for your portfolio. The key to consistent and maximal returns is diversity. But, why limit yourself to the usual mix of stocks, bonds, and mutual funds managed by a financial planner when there are so many other options out there – like a robo advisor? Robo Advisors vs. Peer-to-Peer Lending Robo advisors and peer-to-peer lending are two awesome alternatives to the traditional financial planner model because they not only implement top-notch technologies and research to maximize gains for their investors. But, they could also offer more favorable returns than … Read more

What to Do When You Reach Your 50s and Have No Retirement Savings

by Hank Coleman

What to Do When You Have No Retirement Savings

If you’re getting close to retirement age and you have minimal to no savings in a 401k or IRA, what should you do? Having few assets is one of the biggest retirement killers out there because Social Security payments aren’t enough for many Americans to live on – especially with average life expectancies rising each year – but if you’re in your 50s or early 60s and want to retire at some point, what can you possibly do? While it could be anxiety-inducing to come upon your retirement years with little savings to finally quit your job, remember that you’re not alone. Millions of Americans struggle with saving for retirement, so this isn’t something to be ashamed of. Instead, redirect … Read more

How to Manage Your Money – 6 Steps for Better Money Management (Infographic)

by Hank Coleman

Disclaimer – This is a sponsored post by PSECU, a credit union in Pennsylvania. When was the last time you re-evaluated your budget? The task of reviewing, pruning, and re-allocating our money often gets lost in the minutiae of life. You get too busy earning money that you forget to manage what you already have. What’s the point of going back out to the field to get a bigger harvest if the veggies you picked last week are rotting at home because you didn’t take the time to can, dry, or preserve. Similarly, good money management is about how much you earn and spend and what you do with the rest sitting in your bank account. Use the infographic below … Read more

Top 4 Ways to Save Money on Dog Food Without Sacrificing Quality

by Hank Coleman

We love our dogs, but caring for them can be pretty expensive! While having kids is more of a financial investment, paying for your dog’s food, veterinary care, toys, treats, training, and other expenses can feel like raising a human child at times. As with children, however, maintaining your dog’s health should be a higher priority than simply saving money, which is why the usual advice of “buy cheap food in bulk!” doesn’t necessarily apply to pet owners. Buying large quantities of cheap dog food that is full of corn and grains won’t do much for your dog’s skin, fur, and internal functions, just like how a carb-heavy diet isn’t the best option for humans, either. How to Save Money … Read more

What to Do When Your Car Insurance Becomes Unaffordable

by Hank Coleman

Tips to Use When You Can't Afford Car Insurance

Accidents happen, but some accidents are more expensive than others. When it comes to multi-thousand dollar vehicles and the physical safety of other people, accidents can be downright unaffordable, even with decent auto insurance. Can you afford car insurance? Can you not afford to have it? If you were recently at fault for a car accident – even if you have years of clean driving records to prove it was a one-time incident – you will likely experience an increase in your premiums if the person you collided with decides to file a claim. As the DMV points out, there are many different factors that influence auto insurance rates, including your car’s year/make/model, your age, and your credit history. Gender … Read more

How to Crowd Fund Your Investing with Wefunder and as Little as $100

by Hank Coleman

I’m always looking for the best return on investment. That’s why I love Lending Club so much and promote them on Money Q&A. I’ve also recently invested in a movie. The movie’s production company is using Wefunder to structure its deal for investors to participate in profit sharing. That was the first time that I had ever heard of Wefunder, and I was intrigued. Were other great investment opportunities available? It turns out that there’s a lot of them! The site is so much better than Kickster. Instead of earning just rewards for backing projects and startups, now you get perks AND a solid return on your investments through crowdfunding investing with Wefunder. I’m hooked! Now I’m even an investor … Read more