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Racing Towards Retirement
General Finance
Baby Boomer
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New Orleans, Louisiana, United States
Life stage:
DIK (Dual Income, Kids)
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Latest Blog Posts

It seems like every few months I read about another no-cost broker.  Clearly, the days when ordinary people were relegated, because of fees, to investing in mutual funds only, are over.  Today, free stock trading platforms  like Webull make it economically feasible to buy and sell small quantities of stock, so that even a teen who wants to invest babysitting or grass cutting money can afford to buy stock in ...
Posted: Jun 11 2019 @ 12:15 AM
If you walked into your favorite store and were told, that on average, you could save 8% on all your purchases, purchases you had planned to make anyway, what would you do?  What if they handed you a $25 gift card as you walked in the door?  Would you say "Hmm, I don't like the fact that the price has come down, I think I'll wait until the sale is over" ...
Posted: Jan 02 2019 @ 3:41 PM
While I am not a CPA nor do I have any special expertise in taxes, I have found that there is a lot of mis-information out there about how US Income Taxes work, even among people who you expect to know better.  Let's take a look at some:Read more » ...
Posted: Dec 15 2018 @ 2:50 PM
A moving truck recently came to my house, but I didn't go anywhere.  My daughter did though.  Several months ago she and two friends signed a lease on a house. As parents move toward retirement, our kids move toward independent lives, but there are often ties that still bind them financially to their parents.  Let's take a look at some of them, and consider what to do with them.Health InsuranceSince the ...
Posted: Nov 26 2018 @ 11:00 AM
You May Not Need Life InsuranceAs with any other insurance, the purpose of life insurance is to turn an unknown financial risk into a known premium. We are all going to die one day; that is a known fact. What is unknown is whether we are going to die at a time in our life when it would cause a financial hardship for our loved ones. Life ...
Posted: Nov 17 2018 @ 2:37 PM
When it comes to diversifying your investment portfolio, real estate is a go-to for many people.  People like owning something they can see and understand, and most forms of real estate investment allow that.  Another big advantage of real estate as an investment is the ability to use OPM--other people’s money.  While buying stock on margin is considered risky, buying real estate with borrowed money is considered normal.  Let’s take ...
Posted: Nov 08 2018 @ 2:01 AM
Investors looking for ways to diversify their portfolio may find that REITs are recommended. This post will attempt to answer the following questions:What Are REITs?Are REITs a good investment?What types of investors should consider REITs?What are the risks of investing in REITs?What REITs should I invest in?Read more » ...
Posted: Oct 29 2018 @ 6:30 AM
Investing in corporate bonds is a good way to add income and stability to your investment portfolio. However, many people do not understand why they should invest in corporate bonds. Let’s take a look at some questions people have about corporate bonds, and at some answers.Read more » ...
Posted: Oct 18 2018 @ 10:46 PM
As I set down to write this, the stock market has fallen precipitously in the last week.  Nevertheless these are the figures as of the end of September, 2018.About 10% of our income automatically goes into our 401k accounts, and in the last three months, that's been about it.  On the spending side, my daughter and I went to New York City and ended up with extra expenses for the ...
Posted: Oct 11 2018 @ 11:06 PM
I think many people have a dream of living a long fulfilling life and then going to bed in their own home one night and just never waking up again.  Unfortunately, not many of us go that way.  Most people undergo a period of declining health, mobility, cognition and independence before death.  For some it is a relatively quick process caused by their final illness.  For others it can mean ...
Posted: Sep 29 2018 @ 1:11 AM


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