Personal Finance is Not About What You Can’t Have

“Denial isn’t just a river in Egypt.” –Stuart Smalley There was once a time when I pretty much turned a blind eye to what was happening with my personal finances. Well, I didn’t turn a blind eye. I at least paid the minimum payment on my credit card and invested money in my IRAs, but […]

Hey, You Paying Off That Debt!

Yeah. You made mistakes. It stinks looking at that long road ahead. Your friends go out. They have a good time. They have nice things. You scrimp and save. You don’t spend on anything that isn’t absolutely necessary to keep your family clothed, fed, and sheltered. You have to say no when invited to join […]

Why Withdraw 4% in Retirement When the Market Averages More?

“Then there is the man who drowned crossing a stream with an average depth of six inches.” –W.I.E. Gates The standard financial planner advice when it comes to how much you can spend in retirement is 4% of your nest egg when you retire, adjusted annually for inflation. Actually, the more accurate safe withdrawal rate […]

You Should Know What You are Going to Do in Retirement BEFORE You Retire

“Don’t underestimate the value of Doing Nothing, of just going along, listening to all the things you can’t hear, and not bothering.” –Pooh’s Little Instruction Book by A.A. Milne Recently, I got a small taste of what retirement could look like for me. My wife was on a business trip for the week. I only […]

Parents, Your Kids’ College Degrees and Schools Matter

“If the college you visit has a bookstore filled with t-shirts rather than books, find another college.” –R. Albert Mohler, Jr. At West Point, every graduate has a degree in engineering. While we could choose other majors and areas of academic focus to study (I was, for example, a German major), we were required to […]

An Evaluation of Texas Small Business 401k Plans: How Does Yours Stack Up?

“This is America. We’re entitled to our opinions.” “Wrong. This is Texas. And my opinion is the only one that counts.” ― Susan Elizabeth Phillips Every year, 401k plan administrators are required to file information about their plan holdings and contributions to the Department of Labor. Plans with under 100 participants but more than one […]