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Personal Finance FAQ

Calculate Your True Costs Before Committing to a 0% Balance Transfer Offer

I don’t understand people who say “I don’t know how to thank you.” Like they never heard of money. –Anonymous When I worked at Capital One, it was commonplace for my coworkers to take advantage of every 0% credit card balance transfer they could. They would max out the credit card with a balance transfer. […]

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Personal Finance FAQ

Becoming an Internet Entrepreneur for Your Retirement Plan Isn’t a Retirement Plan

A rose by any other name would smell as sweet. –William Shakespeare A recent article in Forbes magazine claims that Baby Boomer retirees are looking to have a “new entrepreneurial retirement” by starting online businesses. The title of the article is “Just In Time… Baby Boomers Discover A New Way To Retire.” What the author […]

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Personal Finance FAQ

Don’t Base Your Decision to Retire on Your COVID-19 Quarantine Experience

The biggest misconception people have about me is that I’m in control of every situation. I’m rarely in control of any situation. –Lauren Bacall Recently, Forbes magazine published an article that suggested that the COVID-19 induced quarantine experience is a good trial run for retirement. In some ways, that’s true. When you retire,

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Personal Finance FAQ

Always Look On the Bright Side of Life at Your Financial Peril

Cheer up, Brian. You know what they say: some things in life are bad. They can really make you mad. Other things just make you swear and curse. When you’re chewing on life’s gristle, don’t grumble; give a whistle, and this’ll help things turn out for the best. And… always look on the bright side […]

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Personal Finance FAQ

How Does the Retirement “Bucket Strategy” Affect Safe Withdrawal Rates?

In case of fire, exit building before tweeting about it. –Anonymous Early on in my post-MBA career, I started looking at how much we’d have to work to be able to retire early. I think that one of the reasons that I was able to pass the CFP(R) exam first time despite not having any […]

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Personal Finance FAQ

Paying Off Your Mortgage Early Will NOT Destroy Your Finances

A goal properly set is halfway reached. –Zig Ziglar Recently, Forbes magazine published an article entitled “Paying Off Your Mortgage Early Will Destroy Your Finances“. It was nice clickbait. I clicked on it, after all. The premise of the article was that, if you don’t have your mortgage paid off, then, in a financial emergency, […]