As I talk with folks about their finances I'm often surprised at how many of them don't really know what they have. While I certainly didn't expect everyone to be as "into" finances as I am, I sorta always assumed that everyone kept track of their finances in some shape or form. But what I … Continue reading How We Organize and Track Our Finances
One of the major concerns of retirees - and of folks who are pondering their eventual retirement - is the cost of health care. It's a major concern for at least two reasons. First, of course, people realize that there can be significant health care costs as we age. But perhaps just as important is … Continue reading How Much Will You Spend on Health Care in Retirement?
I wrote previously about the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) and how unlike many of my colleagues I actually think the intent is good, although the formula used to compute them is a very blunt instrument and could be improved. (We have each individual's earnings data, and we have, you … Continue reading Some Nuances of the WEP and GPO
I just re-listened to this episode of the Best New Ideas in Money Podcast, titled Redesigning Your Life Map. I think it's worth 25 minutes of your time, both from a financial literacy perspective and from just a general life satisfaction perspective. You really need to listen to it to get the full context, but … Continue reading Redesigning Your Life Map
I just wanted to share my latest book, this one written with Tom Totushek for educators in Minnesota Public Schools who are members of TRA, focusing on financial literacy and making the most of their TRA pension benefits. Please consider sharing with any educators you know in Minnesota. This is the latest in the TL;DR … Continue reading New Book: TL;DR: Financial Literacy for Minnesota Public School Teachers
I've written before about some ways we have tried to have our savings keep up with (or at least close to) inflation. One thing I didn't list was bond mutual funds, which often are considered a fairly safe place to put money that will typically earn better-than-a-savings-account yields. That's because at the time of that … Continue reading Taking Another Look at T-Bills