So Many Worries, Here’s Some Hopium
What, me worry? That old saying from Mad magazine, a satirical comic book that died in 2019 after a 67-year run, was ironic and meant reveal the opposite sentiment: we should worry about everything. Plenty of things worry us right now: inflation at a 40-year high, oil prices at an eight-year high, rising interest rates,
Read MoreWhen Do-It-Yourself is Die-By-Yourself
It is clear that the Federal Reserve cannot be trusted to protect us from a surge in inflation and frightening bouts of financial instability (see part one of this series). Who will do it for you? After running at less than 2% the previous decade, inflation in February soared to 7.9%, the highest since January
Read MoreFEARING THE FED
That sure was fun, wasn’t it? Last year saw a rather amazing 27% rise in stock prices, despite the Covid-19 craziness, and stocks are up 24% a year for the past three years, so that $100,000 put into a simple S&P 500 index at the start of 2019 had turned into $190,000 by year-end 2021.
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What You Need to Know About Applying for Social Security
As you work your way through your prime earning years, the question of retirement eventually pops up, leaving you to think about a number of things. One source of income that you will draw from is Social Security, and you may have a few questions about exactly when you should apply for it. Do you
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On Retirement Planning and Systematic Investing
Two important topics that you should know about are retirement planning and systematic investing. These two topics are connected to each other as well as all of us, so you want to make sure you know everything there is to know about them in order to build a strong financial future. In this post we
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Playing the Dealers Against Each Other: How You Can Save When Buying a Car
One of the most important things you can do when building wealth is to be smart about making large purchases. A lot of people tend to think about their daily Starbucks coffees and other small, frequent purchases when it comes to money management, but big purchases like cars and homes play a much more important
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Picking Mutual Funds
A financial adviser is only as good as his or her ability to explain different concepts to their clients. Many people don’t know how to actually go about making financial decisions, so they instead pay to have someone do it for them. In the case of mutual funds, I think it’s something that all investors
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What Are Exchange-Traded Funds? Are They Right For Me?
Exchange-traded funds are collections of securities that trade like stocks. They are different from normal stocks in that instead of you owning one company, you own a block of shares whose objective is to track the performance of an index like the S&P 500 or the Dow Jones Industrial Average. The price of the ETF
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How to Pick the Right Life Insurance
Choosing the right life insurance policy is one of the hardest, but most important financial decisions you’ll ever make in your life. When looking at available plans you might ask yourself if it’s best to go with the cheapest plan available. You might ask yourself if a whole life plan is best for your needs.
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Estate Planning Basics
Every year I like to revisit the topic of basic estate planning, because it really is one of the most important pieces of knowledge that a person can possess. Without the right tools, the basics can get overlooked and your entire financial plan for your future can get derailed. A common thing I see is
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