It’s high time we idiot-proofed the process of saving and investments.
I just finished reading “Automatic Millionaire” by David Bach, and I would recommend it especially to those you know who lack the discipline to save and invest on their own volition. Which is just about everybody I know…except for you and me, of course.
Bach’s premise […]
P.I.K. = Payment in Kind.Part of our continuing series on the dysfunctional relationship between Wall Street and its hapless customers.
You may have first heard about this little gem back when lenders were still drinking the Kool Aid, and shoveling money into covenant lite loans.
It meant that the borrowers could exercise their PIK toggle, and […]
Our recent post, “Bet The House Part I” is part of this week’s Carnival of Personal Finance, hosted by Everyday Finance. There is a slew of great posts on credit and debt, real estate, money management, and more.
One post that caught my eye in particular was “Ten Warning Signs of a Normal Financial Life,” with […]
In yesterday’s post, I breezily suggested how you can rent out your starter home when you upgrade to a nicer house.
But then my conscience bothered me, because I know from hard experience in dealing with tenants, that this venture is fraught with peril if it is not approached with sufficient humility and preparation.
Here is the […]
More proof…that simple trumps complicated.
This is a strategy that will take up to three decades to fully unfold.
That’s o.k.
Regular readers of this column know that increased longevity is in the cards for most of us.
It starts with your first home purchase. Conventional wisdom calls for a thirty-year, fully-amortizing mortgage. Yes, the plain vanilla […]
What follows is the Cliff Notes version of portfolio allocation.
These calculations are easy to perform and will trigger a timely response, when needed.
Calculate Net Worth
I will first assume that you know the basics of preparing a statement of net worth. You list everything you own, minus everything you owe. What’s left over….positive or […]
More musings from the entitlement spending crunch.
This is like watching a train wreck in slow motion. You want to do something to prevent it, but the momentum is overwhelming.
Medicare Advantage Providers at a Disadvantage
Now there is an assault on Medicare Advantage, the program that allows private insurers to provide PPO and HMO type coverage […]
Time to revisit the topic of entitlement spending. Nothing will dominate the political infighting of the decades to come that will even approach this ticking time bomb.
The deeper we dig, the murkier the outlook.
We should start with the seemingly benign fact of increased longevity. This was brought about to a large extent by the […]
