Summary: The Trap of Sudden Wealth – Today on MoneyWise, Howard Dayton and Steve Moore offer counsel on how to handle an unexpected windfall. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How can I re-finance with no equity in my home?" (check out Harp 2 and BankRate.com) "How would you advise a single young man just starting a career and looking for a home'"' "Should I use my 401(k) to pay off student loans?" "What's that special gift-tax exemption that expires the end of this year?" "Should I stop making my house payment in order to force my mortgage company to re-finance?" "What can you tell me about FHA home loans?" Mentioned on today's program was Howard's book, 'Your Money Counts', as well as two of the Compass small group studies, 'Money and Marriage God's Way' and 'Navigating Your Finances God's Way'. Be sure to check out the Compass website for a complete listing of helpful resources, radio archives and calculators. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
