Tag Archives: financial education

A (Funny) Honest University Commercial – EveRy University

I like a point this skit makes, that University can only get you a diploma 1) if you do the work and 2) if you pay for it. Universities aren’t an automatic ticket to a job, which seems to be … Continue reading

Posted in College | Tagged ,

So, Why Is the Lottery Not a Good Investment?

So, you can probably guess that playing the lottery (and most other forms of gambling) are poor ways to invest your money for the future, but do you know why? I comes from the idea of expected value. Expected value … Continue reading

Posted in Investments, Spending | Tagged , , ,

EXCLUSIVE: Jamie Dimon’s Recommended Reading List

So, I was in New York a few weeks ago, at JPMorgan Asset Management for their Wealth Management Summit.  As it so happened, Jamie Dimon was our keynote speaker at the conference.  Yes, that Jamie Dimon.  He chose to take … Continue reading

Posted in Goodies, News | Tagged , , | 1 Comment

Why I Don’t “Bank on Yourself,” and You Shouldn’t, Either

First, I don’t think “Bank on Yourself” is a scam, I think it’s a terrible, terrible deal.  Here’s my understanding of how the “Bank on Yourself” concept is supposed to work (abridged version)*: You create a financial plan with an … Continue reading

Posted in Banking, Financial Planning, Insurance | Tagged , , , , | 2 Comments

FRONTLINE: The Retirement Gamble

Go forth, watch “The Retirement Gamble” by Frontline on the PBS website, then come back and I’ll talk you down off the ledge.  Here are my reactions.  First off: Of course people don’t know how much they need to retire.  … Continue reading

Posted in Current Events | Tagged , , , , , , , , ,

It’s Not The 401(k)’s Fault

USA Today published a controversial column titled “401Ks are a disaster” by Duncan Black on February 5th of this year. The article has a lot of assertions in a tiny word count, and would take a lot of time to … Continue reading

Posted in Current Events, Investments | Tagged , , , ,

Required Reading About Healthcare

As a financial planner, I talk to people about saving up for emergencies, and having adequate insurance coverage.  There are situations where all the prudent planning in the world won’t help you.  We don’t talk about it much, because it’s … Continue reading

Posted in Current Events, Financial Planning, Insurance | Tagged , , , , ,

Age Sixty-Five is the Deadline for Becoming Independently Wealthy?

The standard retirement age in the U.S. is age 65.  Most people see that as the date they should be ready to retire, but retirement has changed significantly over that past hundred years.  I think our expectations have changed from … Continue reading

Posted in Investments | Tagged , , , , ,

9 Year Mortgage – Some More Mortgage Payoff Thoughts

It turns out the post I made last September titled “9 Year Mortgage – Some Thoughts” has gotten a lot of attention.*  I’d like to write about a larger point that I didn’t make in that post, which really needs … Continue reading

Posted in Credit, Current Events | Tagged , , , , , , , | 2 Comments

Because Economics Lends Itself to Rap Anthems

“Dismal science?” Pish-tosh.  Here’s a superficial and minimally informative pair of videos illustrating just how exciting economics can be, in the form of rap music.  Behold!

Posted in Economy | Tagged , , ,

9 Year Mortgage – Some Thoughts

So, the other weekend I was bopping along to the radio while cleaning my house.  A commercial came on for something called “9 Year Mortgage.”  My planner antenna went up as I thought, “Sounds a little scammy, but I’ll check … Continue reading

Posted in Credit, Current Events | Tagged , , , , , , ,

Ask An Advisor: Charity Scams

Dear Abigail, I have a dear friend who recently realized he was duped by an organization claiming to benefit disabled veterans and their nonprofit caregiver organizations.  There was a national news story a few weeks ago that revealed the truth … Continue reading

Posted in Ask an Advisor, Current Events, Financial Planning, Spending, Taxes | Tagged , , ,

Ask An Advisor: Retirement Plan Alternatives

Dear Abigail, I am a non-traditional student.  I am not employed full-time, I only work on campus during regular semesters and summer sessions.  I will be attending graduate school next fall, and will be working as a research assistant.  I … Continue reading

Posted in Ask an Advisor, Financial Planning, Investments | Tagged , , , , , , ,

One Way Personal Finance Advice Ends Up Going Bad: Part 1

The free personal finance tips market is glutted.  Not only do you have this fine blog, but there are, literally, thousands upon thousands of articles,  and hundreds of books, radio shows, and TV shows on personal finance.  And, in a … Continue reading

Posted in Financial Planning, Investments | Tagged , , , , , , ,

So, What’s In Your Mutual Fund?

Did you ever get one of those boxes of chocolates that has a sample of all different kinds of chocolate?  You’ve got your truffle, you got your cherry, you got your coconut, you got your hazelnut… then you take a … Continue reading

Posted in Financial Planning, Investments | Tagged , ,