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?
On June 29, I wrote of the demise of my trusty 1999 Ford Escort wagon. I’d had it for a long time—when I bought the car the dealer took a picture of me and my now-college-age daughter, and she was about 5 at the time. When I wrote Part I of this subject, I thought I’d […]
Ever since we’ve been married, Ellen and I have each had a car of our own. Until this past Saturday. Earlier in the week I had driven my 1999 Ford Escort wagon 600 miles to and from Michigan. After experiencing problems on the trip, I spent $1.27 on a part at a big box store and made […]
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 […]
When we ask about our clients’ financial goals, the one we hear about more than any other is retirement. Almost all of our clients are either: retired, and want to know how to stay that way, or planning to retire, often in the not-too-distant future, and want to know they are on track. An article […]
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 […]