costly mistake

In the U.S., April is the National Financial Literacy Month.  The Jumpstart Coalition for Personal Financial Literacybegan promoting April as Financial Literacy for Youth Month in the year 2000. In 2003,  this became “official” when the Senate Resolution 48 and House Resolution 127 asked President George W. Bush to declare April as Financial Literacy for [...]

I’m still trying to figure out why people think I’m foolish for using a credit card instead of a debit card.  I’m a Dave Ramsey listener and fan so I’ve heard him rant and rave over the credit card — burn it, torch it, drown it, just be sure to kill it (if you’re not [...]

If you’re responsible for dealing with your own taxes, it can be beneficial to hire an accountant to make sure that you’re deducting everything that you’re entitled to. In most cases, whether you need to use a tax professional depends on your situation. If you are a regular employee who fills in W-2 forms and [...]

The global economy runs on a binge and purge cycle, which makes it especially difficult to stay steady and mindful on a personal level. It can be hard to resist living beyond your means during boom times, and even harder to keep your head up during the busts. But no matter how stormy it gets [...]

Last night, I switched Moolanomy over from the custom theme I wrote to a magazine-style theme based on Mimbo by Darren Hoyt. The most significant changes occur on the front page where you’ll now see magazine layout with Lead Story and Featured section. You can also see most recent articles with a quick glance (in [...]

My family is going on a vacation for a few days. We’re going as far south as Virginia Beach on this trip and I look forward to see the Chesapeake Bay Bridge-Tunnel and neighboring area. I will be resuming my normal schedule by July 14th. I wish everyone a happy and safe 4th of July [...]

This is the 6th issue of the Ask The Expert column by Larry Swedroe. You can see Larry’s full biography and important disclaimer below. If you are interested in having your question answered by Larry, please send me an email via the contact page. Now, let’s get to the questions and answers (please note that [...]

In “7 Costly Retirement Savings Mistakes to Avoid,” I had mentioned that waiting too long is the number one mistake. I am afraid I didn’t demonstrate it well, so here is a different look at the concept. Assume that in each scenario, the investment grows at 10% per year (Based on historical data, investment gain [...]

Our Social Security system is in crisis. Despite the fact, many people do not give retirement planning enough priority. This is especially true when life is hard — making it difficult to think about and plan for retirement that is 30-40 years away. However, I encourage you to stop putting your future at risk, review [...]