Cash Pay Advance

If you put all your money into super-low-risk investments such as money markets or stable value funds, you increase your risk, too—the risk that your portfolio won’t grow enough over time to build a hefty retirement account. Fair enough, but in a New York Times Sunday magazine story last year, Orman revealed that only 4 percent of her $25 million liquid net worth is invested in the stock market. Before you go spreading your money around, however, consider that individual retirement accounts are insured up to $250,000 per depositor, according to the FDIC . Plus, you may qualify for more than $100,000 in coverage if your accounts are in different ownership categories, such as joint accounts, certain retirement accounts, and revocable trust accounts. Before resorting to this strategy, take a hard look at your cash crunch, because the consequences of not returning that money amount to a large dent in your finances in the long run. Now, Orman turns to a couple whose mutual fund has been losing money and who can’t agree on whether to stay the course or cash out. Find Out More

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