If you use an investment advisor who simply puts you in mutual funds, you need to find out how he/she is getting paid. Did you know that front-end loads charged by some mutual funds are essentially sales commissions paid to…
Are IRA Maximum’s a Good Idea?
President Obama recently proposed a cap on individual retirement accounts at $3 million, saying that amount is sufficient to fund a reasonable retirement while raising revenue for the Treasury. Many people were upset by this proposal, and while I think…
The Importance of Non-Retirement Savings
Saving is a critical part of any financial plan. Spending less than you make and putting away the difference for the future is the first step to financial freedom. Since we know saving is necessary, the question becomes what is…
Tracking Your Net Worth
The best way to reach a goal is to have a goal. To have a goal though, you need to know where you are today and where you want to go. Measuring and tracking your net worth is an important…
Five Dumb Financial Moves
The Wall Street Journal had a very interesting and appropriate article this week about five really dumb financial moves people are currently making. You might need a subscription to read the whole article, but here’s the five specific moves and…
How Much Life Insurance do you Need?
Life insurance is a critical aspect of any sound financial plan. Yesterday we discussed how Term Life Insurance is the most appropriate and cost effective option for 99% of the people out there. Today, we are going to address the…
Why Term Life Insurance is the Only Life Insurance you Need
As you evaluate your life insurance needs, you’re undoubtedly going to hear about a variety of different plans. Whole life, cash balance, level term, etc. The only life insurance 99% of people need is a basic term insurance policy. They…