In this article I explore the options for places to stick my emergency cash. This is cash I need in case things go ’bad’ for us. So my primary concern is safety. Below I walk through the options and discuss how I handled things. Since I am not a financial expert and don’t play one … ∞
I have a wife and a family and in case something happens I need to make sure they are protected. ’Something’ however can range from death (which is relatively easy to plan for) to long term disability (which turned out to be a nightmare to plan for). It is tempting to think that my work … ∞
How much life insurance do we need? How much do we need to save for retirement? How much do we need to save for our daughter’s college education? These are basic financial questions and they are unanswerable because they require perfect (or at least reasonable) knowledge of the future and as the song goes “the … ∞
A friend of mine (Hi Matt!) made the awful mistake of asking how I manage our retirement portfolio. I decided to put together a relatively quick (and hence incomplete) explanation. It comes down to a total of five investment types so it’s not too bad.
I want to invest in a global capitalization weighted free float stock market index. Below I explain what I mean, who provides such indexes and how I would build such an index using just two funds.
Should we rent or buy a house? A fairly quick and easy rule of thumb is (Price of a new home)/(monthly rent for equivalent home*12). As Dean Baker argues if the result is 15 or below then it makes financial sense to buy, otherwise renting is cheaper. For those who want more control over the … ∞
One of the discussions I have with friends that most seems to confuse them is when I say that Social Security is in great shape. They take it as an article of faith that Social Security is doomed. Now while I’ve long argued that Social Security will end up means tested this isn’t because the … ∞
A friend of mine at work asked me to recommend books he could read on personal finance. I decided to publish my list and reasoning for anyone who is interested. I think the first two contain information that everyone needs to know. The rest adds important details but I think can be read based on … ∞
The short answer is that we don’t know. And before someone says ”what about the 529 prepaid plans?!?!” (which I will discuss in a future article) please keep in mind that those plans only track instate tuition fees and so don’t cover expenses like room and board, books, etc. So bottom line is – we … ∞
Asset location is not so much about what investment to buy as where to locate it. A typical asset location problem is – do I put money in a taxable account or a tax exempt account? In the case of saving for college there are at least four different ways to save money for college … ∞