Debt can feel scary. Between the seemingly endless payments, the possibility of bankruptcy, the potential for negative net worth, and the general unease of owing money; it’s just not fun. But should you pay off your debts early? If so, which loan should you pay off first? Or should you set aside savings instead?
Our article “Threats to Financial Independence in Retirement” discussed problems that can derail a household’s financial sustainability. That list, from Financial Advisor magazine, brought to mind the work of financial planning pioneer Bert Whitehead, and his list of the top factors affecting your financial future. The most noteworthy point about Bert’s list is that, while many […]
New US Savings Bonds are being issued with an interest rate of 0.1%. Many people feel they’re not worth buying these days. But if you have older bonds, they’re a different story. They often turn out to be real bright spots in investors’ low-risk savings. The most popular bonds are the EE series (and their […]
I expect to be around for a long, long time. Long enough to glare at your boyfriends, to walk you down the aisle, and to coo at my grandchildren. But you never know. And since I’m a financial advisor, I thought I should write down some of the most important financial guidance I know, in […]
When people ask me what their first stock investments should be, I suggest they consider a mutual fund that follows a large stock index, like the S&P 500. They’re widely available, easy to understand, and can be very inexpensive. Most importantly, they’re broadly diversified. The S&P 500 tracks the value of 500 companies representing about […]
It’s not a bad time to be a first-time home buyer. Interest rates are relatively low, and in many places, so are home prices. Of course, it may not so great to be a home owner if you’re trying to sell your home. Even with the recovery in the real estate market, many homes are […]