The whole “debt is dumb” crowd is amusing… especially when they rage against anyone who dares to defy their logic. I also find the modern financial planning advice equally amusing in that it assumes restricting access to your savings is good for you and will help you save more money. For example, conventional financial planning […]
How to spend an unreasonable amount of money
A fellow insurance advisor tells a story worth its weight in paperwork for those with eyes to hear and ears to see: *** “Wife admits cheating and announces she’s leaving and moving in with him. Husband goes outside and shoots himself. Life (insurance) covers suicide if policy is in force longer than 2 years. She […]
How to capitalize on the defunct Trump bump
Just when I thought our hurricane woes were over, another one hit Florida. We have family there so I was a little worried but thankfully no one was affected… at least not seriously. There’s something about natural disasters that makes me think that maybe, just maybe, I am not as good at predicting the future […]
Dear Dave: Do I Own My 401(k)?
Years ago, Yours Gluteny worked for someone else. My employer offered me a 401(k) plan. I was 20 at the time, and didn’t really understand the value of retirement planning. I DID save money, just not for the long-term. Anywho, when dot com crash happened, I was convinced I had made the right move to […]
The friends-with-benefits of index funds?
Recently a Facebook friend of mine brought up the “friends-with-benefits” he’s getting by investing in index funds. And, it seems the new “holy grail” of investment portfolios is the “Three Fund Portfolio” or “3FP” for short. If you’re familiar with index fund investing, you’ve likely heard of it before. It’s not actually new at all […]