Financial Planning
« Previous EntriesSurviving Bankruptcy and Divorce
Thursday, March 14th, 2013Here is a guest post from my friend, Russ Thornton. Divorce can wreak havoc on your finances. So can bankruptcy. But when a bankruptcy and divorce happen simultaneously, the resulting fiasco can seem like an insurmountable obstacle to overcome. First, take comfort in knowing you are not alone. Hundreds of thousands of women go through [...]
Start Planning for Retirement as Soon as you Start Working
Tuesday, December 4th, 2012Good advice from the Wall Street Journal: Your First Job? Think About Retirement. I know a lot of younger people will say, “Yeah, right…” but time is a precious commodity and the one huge advantage young poeple have when it comes to saving for retirement is time. Read: The Cost of Waiting One Year, which [...]
Wake Up Parents! Your Kids Don’t Want the House
Wednesday, October 17th, 2012This is a guest post from my friend, Richard Rosso. It was an ongoing conversation between a mom and adult daughter and me (in the middle). Moving slowly to what I call the “legacy awareness,” stage where we begin to explore mom’s legacy, a loving daughter’s inheritance expectations (or lack of) and possible living benefits [...]
How Did NFL Quarterback, Vince Young, Go Broke?
Thursday, September 20th, 2012This kind of stuff saddens me: How did Vince Young end up broke? A 20-year-old model embarking on an NFL career is doomed to fail if he does not have the right people around him. Family is not the right people, no matter how good or loving or well-intentioned they are. Further… I once asked [...]
Protecting Your Vital Documents
Thursday, September 6th, 2012I read this article about protecting your vital documents way back in June and just remembered it last night when I was going through my saved WSJ articles. I think it offers some helpful advice on backing up documents digitally. Their advice: 1. Take inventory of all vital documents. In one group, include crucial items [...]
What Percent Are You?
Friday, August 24th, 2012Click on the graphic, which will take you to a WSJ landing page where you can enter your income and see where you rank in the whole “1%er scheme of things.” My wife and I have a long way to go before we are 1%ers.
AFM Reader Question: Roth IRA for Emergency Fund?
Friday, May 25th, 2012I received the following email the other day: I read a blog post a few weeks ago at Mint.com about using your Roth IRA as an Emergency Fund. Here’s the blog post: Does Using a Roth IRA as an Emergency Fund a Good Idea? I’ve been following your blog for several years now (you even [...]
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