Become a Patron! When ignorant people want to sound serious, they start solemnly intoning about the Social Security funding crisis and the need for a "long-term" "fix" to the "problem." This serves three useful purposes: it allows the speaker to change the subject from any actual problems existing today, it provides the superficial cover of concern for vulnerable … [Read more...] about What will the Social Security funding “crisis” look like?
Archives for July 2019
Become a Patron! I've had two conversations lately that got me thinking about a question which, for obvious reasons, doesn't come up in most people's lives: what do you do after you've exhausted all the obvious financial planning tools? Financial planning isn't complicated, it's just hard Most people have been trained to think about financial advice in terms of investment … [Read more...] about What do the wealthy need from their financial advisors?
Become a Patron! I've written before about what I consider the two best 529 college savings plans: the Nevada-sponsored Vanguard 529 plan and the Utah-sponsored my529 (formerly UESP). In general, most people making contributions in excess of their in-state tax deduction for 529 plan contributions (if any) should consider using one of those two plans, thanks to their broad … [Read more...] about Why I just changed my 529 asset allocation