Part 2: "Stop Enriching the Financial Industry"
2024-01-29 20:16
~Variable Annuities~
My previous post was about a common investing problem for school employees. If you missed it, this quote from Warren Buffett sums it up nicely: "When trillions of dollars ar...
Stop Enriching the Financial Industry!
2024-01-22 06:02
~Fees can suck a portfolio dry~
Recently I’ve been helping some staff members make changes to their retirement accounts to reduce the fees that they are paying on their investments. So I thought ...
Buy and Hold
2023-12-31 08:27
~Why Buy-and-Hold is, Generally Speaking, a Sound Strategy~
Many investors are tempted to try and time the buying and selling of their stocks. Statistically speaking, this is generally a losing p...
Maine's Warranty Law Can Save You a lot of Money
2023-11-05 17:54
~Maine's Consumer Protections Laws at Work for You~
Several years ago I wrote about Maine's warranty law, and I've had some additional experience utilizing this law recently that I thought I would...
$1 Million in Retirement is Feasible
2023-09-24 20:50
~Achieving $1 Million in Retirement Savings~
Those of us who are members of the Maine State Retirement system can fairly easily estimate how much annual income we will receive when we retire, assu...
Females May Need to be More Diligent Investors than Males - but There's Good News
2023-08-29 14:40
~Discrimination & Longevity are the Main Factors~
This can be a delicate subject, but it's one that my Economics students have appreciated over the years.
For one, females tend to face labor m...
Want to “Make” 25% per Year on Your Money?
2023-06-12 19:40
~Pay Off Credit Card Debt or High-interest Loans~
As a generally rule, one should probably only carry debt long term if:
1) the things you're using debt to purchase bring you some significant ...
How to Help a Young Person Become Financially Secure
2023-06-01 21:45
~Helping a Young Person Grow Wealth May Not be as Daunting as It Seems~
We all want the young people in our lives to be financially secure when they are older. With the future so uncertain, this ...
The Power of 1%
2023-04-26 19:00
~The "Secrets" to Growing Wealth~
For Math teachers these concepts might be obvious, but to the rest of us, maybe not so much.
Take a look at the table below that I came across on a financial...
403b vs. Roth vs. Traditional IRA
2023-03-01 20:39
~What's the Best Way to Save for Retirement?~
When saving for retirement, a lot of people wonder if they should contribute to a 403b, a Roth IRA, or to a traditional IRA.
An IRA is a tax-advan...
Are Annuities Really Worth It?
2023-02-07 18:59
~Buying an Annuity for Retirement~
It's probably fair to say that retirees tend to underestimate the significance of having enough diversification in their portfolio so that they don't run out of ...
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