facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog external search

Join the newsletter and receive financial insights in your inbox

Blog

%POST_TITLE% Thumbnail

Retirement Isn't All About Income

Most people I talk to about retirement are primarily concerned with retirement income, and justifiably so, since many want to retire in the near future. I believe that we get too focused on the income aspect of retirement versus the expenses side of retirement. If you want flexibility in retirement, you first need to gain control of your expenses before worrying about your income.

Federal Employees General
%POST_TITLE% Thumbnail

Credit Card Debt and a Good TSP Loan

I wrote a previous article that discussed reasons not to take a Thrift Savings Plan (or 401k) loan. Even though I am generally against taking a loan from your retirement plan, there are times when it can make sense. There are many reasons not to take a loan, but I will refer you back to my previous article for those reasons. Justification of a TSP loan calls for a dire situation, such as high credit card debt.

Federal Employees General
%POST_TITLE% Thumbnail

Stop Cleaning Your Car

Fast forward many years later, and I still have a tendency to do things myself. The main reason I clean my own cars, wax my cars, clean the house, and do the yard work is because I’m tight (or frugal, to put it politely). I don’t like the idea of paying others to do something that I am able to do.

Doctors Federal Employees General
%POST_TITLE% Thumbnail

Lifestyle Creep

One of the biggest obstacles to accumulating wealth is what I call Lifestyle Creep. Lifestyle Creep can delay retirement, financial stability, and financial independence. At its worst, lifestyle creep can drive families into large amounts of debt that they will spend decades climbing out of. Others have referred to it as lifestyle drift or lifestyle inflation.

Doctors Federal Employees General
%POST_TITLE% Thumbnail

Save Money on Life Insurance by Layering

Layering your life insurance involves getting multiple term policies to cover different time periods. The thought behind is that you won’t need the same amount of death benefit for a 20 or 30 year time period, but will need less insurance as you get older. Layering your insurance could mean having 3-4 different policies with terms of 10, 15, 20, or 30 years.

Doctors General

Why You Should Consider Paying Cash For Your Vehicles

The majority of people I know don’t even consider paying cash for a vehicle, they only consider how much their monthly payment will be. In fact, many people don’t even know how much they pay for their vehicle, only what their monthly payment is. In the next couple paragraphs I am going to tell you why I believe most people would be better off paying cash instead of getting loans.

General

The Real Cost of That Free Dinner

Almost everyone has been invited, at some point in their lives, to a ‘free dinner’ while they listen to some kind of product presentation. One of the most common sales pitches given at these ‘free dinners’ are to buy some kind of financial product.

General

Benefits of Goal Setting

One excellent New Year’s resolution is setting goals. By goal setting, I don’t mean telling yourself something like, “I’m going to the gym three times a week this year.” I’m referring to the real practice of goal setting – thinking about what is important to you personally, professionally, and physically, and then writing some goals down that you want to accomplish in the coming year. Why write them down?

Federal Employees General

End of the Year Checklist

The end of the year tends to be associated with multiple holiday celebrations, parties and vacations. There are also a few very important things federal employees should be addressing this time of year. I have put together a short list of things that should be on your financial calendar to be addressed.

General
Google Analytics Alternative