Money Matters

Withdraw funds from 401(k) without penalties

Dear Scott: I’m thinking about retiring in the next couple of years and I’d like to be able to draw from my 401(k) each month. I’m only 50 now, so I know I’m a little young ...

Cashing out 401(k) to pay down mortgage not wise decision

Dear Scott: I’m thinking about cashing in some of my 401(k) and paying off my mortgage. I’ve got a good rate on my mortgage at 5.5 percent, but my retirement account continues ...

Establish a savings plan to start off right

Dear Scott: My wife and I were recently married and we want to start off our marriage with good financial decisions. We figure we’ll have about $1,000 per month that we can do so ...

Buying house for students can be a bad idea

Dear Scott: I’ll have two children attending Sac State this fall and I’m thinking about buying a house for them to live in while they are in school. The money that I’ll save ...

Investing in tax-free bonds

Dear Scott: I bought several insured tax-free bonds last year and I’m wondering if I should get rid of them. They pay interest rates above 4 percent, but they’ve fallen in pric ...

Investor wonders whether to walk away fron homes

Dear Scott: I’m 30 years old and I own two homes. One of the homes I live in and the other one is a rental. With the falling real estate prices, I don’t have any equity left in ...

Explaining a Roth 401(k)

Q: My company has had a 401(k) plan for several years. Recently a Roth 401(k) option was added. I am not sure if I should do anything with this or not. Is it better for me to contr ...

New financial column to debut May 29

Who can Lincoln turn to for expert financial advice? Read Scott Hanson’s new Money Matters column in the Lincoln News Messenger every Thursday for straight talk about money and ...