Before you consider obtaining more debt for a mortgage, how much mortgage should you get? Lenders look at what is called your debt-to-income (DTI) ratio (with target ratio percentages). So what is your DTI ratio? This calculator determines your DTI for you and also discusses the various considerations debt may have. Both sites above help […]
While most people think of college planning this time of year meaning the beginning of college, what are your payment options for student debt once you’ve graduated? Student debt that you have under the present day Federal programs is NOT the same as private debt most people are familiar with. The Consumer Financial Protection Bureau (CFPB) has […]
Working or retired, the focus of most people is keeping their check book full of money for the monthly expenses they have. While working, the source of the money is obvious … it is from you working. While retired, the source of the money is less obvious … it is from your money working. So […]
Most people are aware of the 59 1/2 age rule to begin withdrawing money from an IRA without tax penalty. Few are aware that age 55 is when this applies to a 401k. What are your options? Caveat (of course): you need to have left your employer – how doesn’t matter – at 55 or […]
A lot of attention is paid to getting into college. Little is paid towards repaying the student debt after college. I’ve posted many blogs on saving for college as well as how to approach and prioritize making a wise college choice after first making a wiser personal interest evaluation and career choice that aligns with […]
Even a low inflation amount can lead to loss of purchasing power over the long term. So investing (not savings – see last week’s post) is for the long term because investing also should overcome this insidious effect. Savings typically fall victim to inflation, while prudent investing does not. Here is a short article on […]
Most people understand to some degree, what investments are for – presumably for “their goal,” whatever that goal may be. Most people though, miss the difference between what and when investments are for. So, what is the when of investing? Investing by definition means money for the future; contributions buy shares for the future, and shares […]
Indexes were originally developed in the late 1800’s, early 1900’s, as a barometer to what markets were doing overall, rather than trying to determine trends of the cumulative market by looking at different specific stocks making up the market; because, some stocks may fall, and others may rise in price, but what is the overall […]
Security Planning isn’t just for people who haven’t claimed yet. People who are already receiving Social Security often forget about other benefits they may be entitled to after having filed. The wise owl circles back to review things they’ve done in the past to be sure something wasn’t forgotten! This is not second guessing – it […]
What makes Dimensional different? Applying Science to Investing. What are those ideas that came from the rigors of scientific research in finance? Which are the ideas worth paying attention to? This four-part video series will provide insights into those answers.Please click on box below to start your video. Part 1 of the series. […]
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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?
- Rebalancing? How does it work?
- Resources to help with aging issues
- The Dividend Income Illusion.
- How do Safe Withdrawal Rates compare to Dynamic Retirement Income?