Savers can now earn a modest return. But you still have to work at it. If you’re banking with one of the massive banks, you’re settling for less than you deserve.
Should I Stay or Should I Go Now?
Last week the stock market continued its October rout as the S&P 500 neared a 10 percent correction from last month’s highs. How should we react to this bad news?
Make Your Generosity Count Come Tax Time
While giving is primarily inspired by our desire to help others, getting a tax break in April is frosting on the cake.
Know the real price before applying for college
With the fall semester underway, most college-bound seniors are enjoying their last year of free education. Parents know too well that big costs loom. In my experience, people in their 30s and 40s worry more about paying for kids college…
When Labor Day Isn’t Enough
To take a sabbatical, build financial independence. Seek out sabbatical friendly companies. Take advantage of natural transitions. And know tricks of the trade.
Find Out Now If You’ll Owe Taxes
With the passage of the Tax Cuts and Job Act last December, we now live in a new tax world for individuals and businesses. Many hoary rules of thumb for tax smart decisions have suddenly changed. Most of you will…
You May Want to Prepay Your Mortgage
For years financial experts have recommended that homeowners should not prepay their mortgage and instead invest extra savings into a diversified portfolio. To this day, you can build a compelling financial case that the returns of a well-designed investment account…
Is a Target Retirement Fund Right for You?
Over the last few years, target retirement funds have become increasingly popular choices in retirement plans. In just one of these diversified funds, you can invest in both the US and international stock markets, along with safer bond-type investments. Target…
After Disaster Beware of Contractors That Find You
Last month severe storms tore through Boulder County with torrential downpours along with golf ball sized hail. In Louisville and Lafayette, hailstones smashed through car windshields and shredded roofs, siding, and backyard furniture. Soon after the storms moved on, the inevitable door knocking of roofing contractors followed in their wake.
Retirement Is Not Just About the Money
You’ve probably heard that we Americans are largely doing a poor job of saving for retirement. A 2016 report by the Economic Policy Institute puts it in stark terms. By 2013, the mean investment wealth for families in their late 50s was about $164,000, which would generate close to $8,000 a year in retirement. When you combine that with the average Social Security benefit of under $17,000 a year, most are woefully unprepared to stop working in their 60s.