Please Stop Paying Commissions for Loaded Mutual Funds!

Mutual Fund

“Getting and spending, we lay waste our powers.” –William Wordsworth I’ve been there. I’ve suffered from the siren song of a chart pornist who wants to show you beautiful charts that somehow convince you that paying a 5.9% front load on a mutual fund ensures that, somehow, some way, the mutual fund is going to … Read more

Asset Allocation for Early Retirees

Asset Allocation

“Diversification and globalization are the keys to the future.” –Fujio Mitari A recent article on Done By Forty (with a hat tip to Matt Becker at Mom and Dad Money for pointing him in my direction) lamented the lack of advice about asset allocation for early retirees. Though I’d argue with the premise of his … Read more

Should You Invest Your Emergency Fund?

Emergency Fund

“Coward: One who, in a perilous emergency, thinks with his legs.” –Ambrose Bierce Six months of savings in an emergency fund… You hear that nugget of wisdom all of the time. It’s usually followed by: “…kept highly liquid like a money market account.” Is that thinking right? We’ll explore that question in today’s article along … Read more

Personal Finance FAQ: Should I Create a Spousal Testamentary Trust?

Testamentary Trust

“Die, v.: To stop sinning suddenly.” –Elbert Hubbard I recently had clients who were working on developing wills for their families ask me a question about creating a spousal testamentary trust and whether or not they (husband and wife) should create one. If you’re using a standard online will creation program like LegalZoom, then you’ll … Read more

Just What Does That Money Management Fee Cost You?

Money Management

“Beware of little expenses. A small leak will sink a great ship.” –Benjamin Franklin Previously, I’ve explained that it’s important to know how much you’re spending on fees in your investments, and why I’m no fan of people who charge assets under money management (AUM) fees) for you to hand your portfolio over to them … Read more