After sifting through all the jabber about money, empirical evidence suggests there are only three reasons to save: 1. To provide a measure of security
Blue-water sailing refers to open-sea sailing, such as ocean crossings, where one is unable to put in at a sheltered harbor to avoid heavy weather.
In classical economic theory, people make rational decisions in their best interests. In real life, people make dumb decisions all the time. The gap between
When the topic is group disability insurance, master swordsman Inigo Montoya from the 1987 movie Princess Bride might reply: “You keep using that word ‘covered.’
There are words and phrases that we hear and read so often, we sometimes forget their original definitions. For the sake of clarity, here is
The moment a new law is enacted, someone is wondering if there is a way to take advantage of it. This dynamic is frequently seen
Mark Twain said that an optimist is a day dreamer more elegantly spelled. If Twain were alive today, he might add that an optimist is
For Americans who aren’t confident they are saving enough for a comfortable retirement, one response is to work longer. Theoretically, this gives you more years
A frequently overlooked topic in discussions about personal finance is how to best purchase durable goods. Durable goods are products that don’t have to be
Apparently it’s not that hard to accumulate a million dollars for retirement. For example: “If a 25-year-old, pack-per-day smoker quits smoking and puts the money
Most whole life insurance policies allow a policyowner to borrow against the contract’s cash value. Much like a home equity loan, this feature maintains the
When it comes to interest earnings on savings deposits, there hasn’t been much difference between your local bank and your mattress. In September 2015, the
