Twentysomethings: You Have an ENORMOUS Asset! Do You Realize It?

Most recent college graduates feel like they don’t have a dime to their names. They probably have an old beater car, some second-hand furniture – or, better yet, cardboard boxes and milk crates – and probably a hefty student loan debt from their friends at Sallie Mae. They may be getting a paycheck at the […]

Can You Handle a Windfall?

“Die and endow a college or a cat.” –Alexander Pope I have clients who have received a substantial windfall and they bring me on to help them navigate the blessing that a windfall means and avoid turning it into a curse. When we read stories of the people who win the lottery only to wind […]

Another Evaluation of an Indexed Universal Life Insurance Policy

Several months ago, I provided an evaluation of an indexed universal life insurance (IUL) policy. In the comments, I said that if any insurance agent could come up with a policy that met the standard of beating term + invest the rest when aftcast using the guaranteed levels provided in the policy, I’d change my […]

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 […]