Allan Roth is the founder of Wealth Logic, an hourly-based financial planning firm in Colorado Springs, Colo. He has taught investing and finance at universities and written for Money Magazine, The Wall Street Journal and others. His contributions aren't meant to convey specific investment advice.

Why You Need to Check Your Credit Report

Some 44 percent of people age 65 and up have never checked any of their credit reports, according to a recent survey by Bankrate.com. That percentage shocks me, especially considering how important the information is and how easy it is now to get it for free. Here’s why you need it and how to get it. It’s important “Monitoring your credit goes well beyond scanning a three-digit [credit score] number,” said Jeanine Skowronski, credit card analyst at Bankrate.com. “Americans need …

Stock Investing: Time Versus Timing

More and more investors are telling me that their portfolios have now fully recovered from the 2008 stock market crash. I respond in my typical tactless way by telling them their performance has been awful. That’s because stocks are now 64 percent above their pre-crash high. Put another way, if you had timed the market perfectly wrong and put $10,000 in a total stock market index fund on Oct. 9, 2007, the pre-crash peak, you’d have about $16,375 today. All …

Brokered CDs: Worth Exploring for Good Rates

If you want to earn more on your “safe” money than you can get from buying certificates of deposits directly from a bank, you might want to consider something called brokered CDs. Although going directly to banks to buy high-paying CDs with easy early withdrawal penalties is still my core strategy for safe-money investing, I’ve started adding brokered CDs for my clients’ portfolios and my own. Brokered CDs are certificates of deposit sold through brokerage firms such as Fidelity, Schwab …

3 Lessons From My Hot Stock Tip

I’m going to be rich — really rich. All I need to do is invest in a publicly traded company called Pressure BioSciences Inc. (PBIO), according to an unsolicited email I received last week. The email noted that Chicago-based Zacks Research had a one-year price target of $3.00, which would amount to an 882 percent gain over the next year. Simply sink $113,000 in the stock, and I’ll have a million dollars rolling in by this time next year. Champagne …

10 Financial Tips for the Kids

We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal offer 10 great tips in the video below. Get the latest tips on protecting your money and saving for retirement — AARP Money newsletter » Here are the 10 …

Why You Should Consider a Roth Conversion

Soon we’ll be looking at tax day in the rearview mirror, which is the perfect time to plan for future tax consequences. One strategy that’s especially good for recent retirees is converting part of a traditional IRA to a Roth IRA. First, a little background. Generally speaking, when you contribute to a traditional IRA, you get a tax break immediately but your money is taxed as ordinary income when you take it out later to live on. A Roth is …