Finance Fridays Favorites Introduction/Primer: Talking the Talk Priorities – One, Two and Three The Philosophy
Finance Fridays
Hi guys, I’m out of town with limited access to a computer most of next week (6/23-6/30). So rather than rush a bunch of mediocre posts out and not giving it my 100%, I felt it was a better use of the blog to post links to my favorite posts for the three separate categories: Medicine Mondays – 6/27 Whatever Wednesday – 6/29 Finance Fridays – 7/1 Check back on Monday for my favorite Medicine Mondays […]
Out of Town
I briefly touched on asset allocation in my last post about 529s. So I felt it was a good segue into this post: Asset Allocation is an all-encompassing term for where and why you put your money in certain places for retirement. At its most basic, the two most general categories are Stocks and Bonds. For simplicity’s sake, consider Stocks as “More Aggressive” and Bonds as “More Conservative” in a general sense. What this really […]
Asset Allocation
This is a followup to this post – What is a 529? Please read that one first before continuing on to this one, if you haven’t already. I hope by now I have convinced everyone that a 529 is a great option for saving for college. For simplicity’s sake, think of it like this: You put away money for college and although the contribution itself is not deductible, it can grow federal tax-free AND is […]
Choosing a 529
So when people talk about finance, investment, retirement, etc. they always just throw 3 numbers at you (529 – College Savings Plan is one of them). “I maxed my 401k, but need to rebalance my 403b. Then I need to contribute some more to my 457b. I also need to set up that 529 for my kids.” These three numbers refer to the Internal Revenue Code subsection. So they sound scary, but they’re really not, it’s all related […]
What is a 529?
Ok, so in the last two posts of this series, 1 and 2. We talked about how I don’t really like financial advisors and then how some of them are ok. Now we move on to the last of this series: how to find a good one So let’s review first. We want a financial advisor who is: Educated Experienced Fee-Only Preferably one that aligns with your risk portfolio. Education: As I discussed in my […]