In a recent blog post, It’s (Mostly) About Priorities, I noted that after two years of running this blog and three books I had changed my belief with respect to why too many people never achieve financial freedom. Whereas I formerly believed the problem was a lack of interest, I have modified that belief, slightly, and …
The ‘it’ is achieving financial freedom. Soon after the one year anniversary of this blog, in the post, Talking Personal Finance in Public Forums, I discussed my thoughts following the publication of my first book and one year’s experience managing the blog; and participating in personal finance conversations across multiple social media platforms. I noted there …
Leave a comment, indicating the best personal finance advice your father or grandfather ever gave you, and receive a complimentary copy [Kindle Edition] of Cream City Hustle or Sin City Greed … indicate your preference. Happy Father’s Day to all fathers and grandfathers!
In days of yore, many Americans typically relied on a defined benefit plan (commonly referred to as simply a pension) as the anchor of their retirement income. A quick refresher, defined benefit plans promise a specified monthly benefit at retirement. Defined Benefit Plans The defined benefit plan may state this promised benefit as an exact …
Report: Most Households Approaching Retirement Have Low Savings (2015). This report to the Ranking Member,Subcommittee on Primary Health and Retirement Security, Committee on Health, Education, Labor, and Pensions, U.S. Senate, from the Government Accountability Office (GAO) paints a pretty dire picture. The report observes that as baby boomers move into retirement each year, the Census Bureau …
Chris Costello is the CEO and Co-Founder of blooom. Chris has earned the prestigious CERTIFIED FINANCIAL PLANNER™ designation and has been working with individual clients and building portfolio allocations for almost two decades. He also co-founded another investment advisory firm that currently manages over $500 million for clients. At blooom, Chris builds the actual models …
There is no doubt that the tight labor market has produced a battleground where many older workers are reluctant to cede work territory to younger workers. These older workers, the Baby Boomers, aged 51 – 69, are holding on – like a G.I. Joe with a kung fu grip (do they still sell those?) – …
For many of us, a home will be the single largest purchase we will make during the course of our lifetime. Buying a home at the Bayou Landing Apartments Gulfport MS 39503 requires an understanding of all the factors that will impact a potential purchase and savvy management of finances to close the deal. Getting it done …
A satisfying retirement doesn’t happen by accident, it is the result of detailed planning and execution. Critical actions include: building an emergency fund, limiting debt (discussed in The Impacts of Debt and The Scourge of Student Debt) and Building your Fiscal Foundation through brokerage accounts and retirement plans such as 401(k)s and IRAs.
With regards to personal finance and your fiscal health, establishing a budget is a good place to start. Before moving forward, I should note that I have recently started using the term ‘spending plan’ vice budget and I sometimes use them interchangeably as they refer to the same action. However, for many, ‘budget’ has many negative …
