My parents died in their 40s and had no Will or trust. As a result of this (and their complete lack of emergency planning) my siblings and I were scattered to the wind with almost no assets. This topic hits close to home. Fortunately, estate planning doesn’t have to be that complicated. When you die, […]
3 Money Mistakes You Shouldn’t Worry About Anymore
It’s smart to manage your financial life from a state of awareness. But fretting about past mistakes can be a problem. I know because I’ve made plenty of mistakes and then wasted years feeling terrible about them. Blah. Don’t get me wrong. When you make a money misstep there are priceless lessons to be learned. […]
Is It Smart To Convert 401k Money To A Roth 401k?
Just because you can convert 401k funds into a Roth 401k doesn’t mean you should. How do you know if it’s a good decision or not? Let’s take a look. Background It’s well known that businesses large and small can offer up 401k plans. With such plans employees can deposit money into the account and it […]
Planning for Your Retirement the Smart Way
This post was originally published in December 2009 – about the same time most main stream publications were advocating staying out of stocks for good. Planning for your retirement is serious business. That’s why I get so angry when misinformation gets floated around. I recently read on a blog that if you retire now or want to […]
Why a Government Bond Investment Stinks
I get lots of questions about the best way to invest money – especially when the market is turbulent like now. When I do get those calls, government bonds are usually something people ask about. I always try to answer by giving a little history lesson. Let’s me give you some perspective to explain why I typically do […]
What Is an IPO?
You might have heard about a new IPO Alibaba that is about to be brought to market. This is the Chineese equivalent of Google and American investors are going “gaga” over the prospects of buying shares. The shares might do really well of course but nobody really knows. As a result, I thought I’d […]