Stock index funds are wildly popular – and for good reason. They allow you to participate in stock market performance with a diversified portfolio at a fraction of the cost that most mutual funds charge. It’s a pretty compelling story – but it’s not the complete story. Unfortunately, many investors fail to consider the entire […]
What Should I Study? A Different Approach
You have a rare opportunity during the holidays to sit down with the younger side of your clan to discuss their future and discuss which field of study they plan to pursue. The kids may act like they don’t want to talk about it but you both know they need to have the conversation. The […]
Are Your Funds Too Conservative?
Is it possible to invest too conservatively? Yes it is. But it’s very case-specific. One Pilgrim’s conservative portfolio is another Pilgrim’s aggressive portfolio. Depending on your age, expenses, assets and income, your investments could be very conservative and just fine. But if you make the mistake of being too conservative (in your particular situation) you […]
Who You Can And Can Not Buy Life Insurance For
I get a lot of questions and calls from people interested in buying insurance on the lives of other people. Some are shocked when I tell them they can’t buy the coverage they want because they have no insurable interest. What Is Insurable Interest And Why Does It Matter? If you would suffer an economic […]
Teaching Children About Money By Sharing Your Financial Information
Do you share your financial information with your children? If so, how much information should you share? I personally think it’s very smart to include children in the financial reality of your family’s situation as soon as it makes sense. Here’s why: It dispels the notion that money grows on trees. It demonstrates that you […]
Tax-Free IRA Rollover Done Correctly – Here’s How
Jane recently left her job and wondered if she should roll her 401k over to an IRA or not. She was frustrated by her former employer’s limited investment choices and limitations. She was right on both counts. What really seemed silly were the trading rules at the 401k plan; if she traded out of a […]