By any measure, the math says that paying off your home is not a smart move financially. Then why is it that so many people see paying off their home as a great goal?
There are three reasons really. One is out of date thinking, the other is a financial myopia, the last one is [...]
Listen to the book authors, newspaper and magazine columnists and many web sites, and you will hear that financial advisors or financial planners are nothing more than glorified snake oil salesmen out to separate you from your hard earned money.
To listen to some in the finance industry and their champions, financial advisors and financial [...]
The 401(k) Primer is up at www.financegourmet.com
Direct Link to 401(k) Primer
Over on the Finance Gourmet information site, there is an article on the downside that most people forget when they take out a 401(k) loan. Most plans require you to repay the full amount within 90 days if you leave the company. If not, it is an early withdrawal for people under 59 [...]
As a professional financial planner, I often come across finanical products that are such bad ideas that I don’t even know how (or why?) someone got them to market. Usually the answer is flat out greed. A company willing to make a buck at the expense of its customers is always out there.
A [...]
A client asked me what they should do with their economic stimulus tax rebate they will get later this year. (So will you!). Usually I tell people to pay down debt if they have any. They don’t have any. They also have already maxed out their IRAs for 2008. But, they have kids! So I [...]
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