Jewish World Review Nov. 18, 1999 /9 Kislev, 5760
Students can work and learn
DEAR BRUCE: About a year ago, I quit my full-time job to become certified to teach. I have been earning $9 per hour, with a 30- to 40-hour work week. My problem is that I will be student-teaching full-time until June. My school discourages working during this period, but our budget will not stretch that far. What do you suggest? -- B.P., Wis.
DEAR B.P.: Schools often "discourage" students from working an extra job, but the reality is that many must. Certainly the non-traditional student, such as yourself, does not have the distractions of school events that the traditional student is exposed to. As one who went to college while married with children, I worked 12 hours every night and did student-teaching for four months -- and managed to survive with fairly decent grades. I am sure that you can do the same. One of my kids had a full-time job, went to law school full-time and graduated with honors. What I am suggesting is that the schools are very conservative about outside work, but it's a lot of baloney. There is no reason why you can't do your student teaching from 7:30 a.m. to 3:30 p.m. and find an evening job from 4 p.m. to midnight to keep your family going. It isn't easy, but it's certainly doable.
DEAR BRUCE: How does one determine if the home inspector they hire is going to work for the buyer or the seller? We had a bad experience that we would not like to repeat. -- G.K., via e-mail
DEAR G.K.: How does one hire any professional? Ask for recommendations. Inquire among your friends and acquaintances. There is no absolute protection for anyone in this circumstance, but asking the right questions and doing your homework is certainly a step in the right direction.
DEAR BRUCE: I left my job three months ago and was told that I had to roll over my 401(k) retirement account. Unfortunately, I don't know what "roll over" means, and neither do my friends. -- G.P. Bangor, Maine
DEAR G.P.:"Roll over" is simply an expression that means moving from one custodian to another. Ordinarily this would be handled by the brokerage house or a bank of your choosing, since there must be another party that makes the actual investments while you call the shots. If you choose a brokerage house, all you have to do is tell them you want your funds taken out of where they are now and put into a traditional IRA. As far as your responsibility goes, the brokerage house or bank will simply give you some papers to sign and they will handle the entire transaction. You should understand, however, that now that you've rolled the money over you must select an investment vehicle inside the IRA, such as a mutual fund, securities, etc. The broker should be able to help you with these choices as
Send your questions to JWR contributor Bruce Williams by clicking here. (Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.) Interested in buying or selling a house? Let Bruce Williams' "House Smart" be your guide. (Sales of the book help fund JWR).
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