… and the not so young too. Turns out that the shift from benefits to contributions has caught the unaware and unobservant off guard. Long ago families lived near each other and took care of each other. With industrialization across the globe families began to move to industrialized centers (which became cities) and family care […]
Pragmatic Capitalism. This is a great summary of many difficult topics to get your arms around normally. Roche does a good job summarizing many complex interrelations such as what is money, what you really do with your money in the economy, what the banks do and how the Federal Reserve, our central bank works in […]
Many people spend more money when they feel their 401k (or any other retirement plan they have) or house value is up. The Wealth Effect is hotly debated. Intuitively though, if you feel like you have more money, you do tend to spend more. Here’s the problem. There is a big difference between feeling that […]
The book Scarcity – Why Having Too Little Means So Much – has great insight that helps explain why poor tend to stay poor, why the busy tend to stay busy, why people worried about their finances remain worried about their finances, why the lonely have trouble making friends, and more. The authors’ definition: “By […]
This is one of the common questions I get from people. They’re trying to benchmark where they stand relative to other people. The problem with this approach is once you know, if doesn’t change anything. You see, the more someone makes income wise, the more they need to save to sustain that Standard of Individual Living. […]
The Federal Reserve Bank of Richmond has rolled out the first issue of their education pieces. They plan on semi-annual issues. What is unique is their combination of improving both economic literacy concept and personal financial literacy on the select topic. Issues may be found on their site under the Publications tab, pull down Education, click […]
Economists, the Fed, policy makers and retail company executives seem to be befuddled why consumers are not spending. Kevin’s article* is a good snapshot of the current debt pay down mode consumers are in. “Consumers have been shedding debt like a bad habit. That’s good for personal finances, but not so good for an economy driven by […]
Rick Kahler writes an entertaining summary that puts how commodities are priced into perspective. Why are some commodities priced higher than others? Popularity, supply and demand, usefulness, and even marketing. Please read the short article linked to above for an entertaining explanation of commodity pricing … it should cause you pause next time you get all excited […]
How do Trade Deficits matter? What do they really signify? Please read the short article below for answers. The article is posted on Morningstar in a widget and permanently on Advice IQ: Flipside of Trade Deficits | AdviceIQ. Original blog.
The “horrors” of our Trade Deficit going up is back in the news! However, what is not explained is the mirror image of this deficit. What professor Perry points out in his blog post (note when this was published and when pundits are back at it again): “Because international transactions are calculated using double-entry bookkeeping accounting, international […]
Search The Site
About Larry Frank Sr.
As an MBA and CERTIFIED FINANCIAL PLANNER™ practitioner, I help people make sensible plans for a successful retirement. I'm also the author of Wealth Odyssey, a book about financial planning. My retirement planning research is published periodically in the Journal of Financial Planning.
Have a Financial Question?
- Are market returns really the key to your portfolio value? February 27, 2012
- Rebalancing? How does it work? March 4, 2012
- Resources to help with aging issues August 9, 2012
- The Dividend Income Illusion. March 27, 2013
- How do Safe Withdrawal Rates compare to Dynamic Retirement Income? June 20, 2014
- Why you may get different numbers -The Mathematics of Investing. February 22, 2017
- The cost of indexing – and an approach how to reduce those costs February 8, 2017
- Social Security as Longevity Insurance January 25, 2017
- Investor Discipline – What’s that? January 11, 2017
- You don’t need a scanner anymore January 5, 2017