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College tuition prices are insane. If you haven’t started saving for your children’s college experience then get ready for sticker shock. My situation is even worse because there will be a point in time when three of my four children are simultaneously attending college. Setting a Savings Target The best
College prices are insane. This chart says it all: There are a few theories on why are college tuition prices growing nearly four times the general inflation rate: Administrative staff bloat – administrative staff is growing six times the rate of tenured faculty positions. Supply and demand – there’s been
There’s no reason to pay for home phone service through a cable or internet service provider. Replacing my home Verizon landline service saved me about $30 per month. This is possible by porting your home phone number to Google Voice and then purchasing a VoIP telephone device along with an
If I were to write a job description for a portfolio manager, I would include the following list of responsibilities: Act as fiduciary (act in my best interest and not for their personal gain). Allocate portfolio funds in broadly diversified index funds rather than individual stocks. Avoid high risk or
Last year my employer announced that my 401K retirement plan, offered through Fidelity, would support integration with Financial Engines. I first thought this was a company sponsored version of Edward Jones (a high commission financial advisor). I was surprised to learn that Financial Engines was actually more like a robo-advisor
It’s spring break for the kids and we’ve been excited to get away and find some warm weather on Maui. There are a few excursions we wanted to do with the kids while we are here, and so we took a stroll down the Ka’anapali Beach walkway to find an
This is part 4 of a series on Building a Financial Plan. This posts covers portfolio asset class allocation, retirement savings, and college savings. Part 1 Goals and Objectives Emergency Savings Debt Reduction Home Ownership Part 2 Reducing Expenses Increasing Income Part 3 Living Will and Last Will Life Insurance
This is part 3 of a series on Building a Financial Plan. We’ll continue to explore a few more areas I’ve included in my financial plan: Part 1 Goals and Objectives Emergency Savings Debt Reduction Home Ownership Part 2 Reducing Expenses Increasing Income Part 3 Living Will and Last Will
This is part 2 of a series on Building a Financial Plan. This posts covers reducing expenses and increasing income as part of a financial plan. Part 1 Goals and Objectives Emergency Savings Debt Reduction Home Ownership Part 2 Reducing Expenses Increasing Income Part 3 Living Will and Last Will
About ten years ago I decided it was time to put together a financial plan document. With several kids now in the picture, I had this nagging feeling that thirty years down the road there would be a list of things I wish I would have done to better prepare