Most people think of identity theft as having something to do with finances. Medical identity theft is not on people’s minds. It should be! Why? Your personal health insurance information can be used by thieves to steal expensive medical services like surgeries, expensive prescription drugs, medical equipment or devices. It could be used to falsify […]
Most people look at the benefits they would receive today when making their decision about when to begin receiving their Social Security. They also underestimate how long they may live unless they already have medical issues that are known to reduce longevity. These two impulses cause many couples to begin their benefits too early which […]
Goodbye scanners! Apps have been out for some time that make scanning as easy as taking a picture. Then save it and send or share it. The best scanning apps for Android and iPhone. If you don’t have a scanner – one of these might be useful too. Microsoft Office Lens Microsoft Office Lens for Apple […]
DOW 20,000. Is that good? Or is that bad? Guess what – this is simply another way point much like DOW 15,000 was, or DOW 10,000, or pick any DOW number. The Power of the Markets Markets don’t know your specific emotions and behaviors – so the markets march on ignoring them. It is best […]
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 […]
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 […]
Whether you are still working, or retired, most people haven’t structured their budgets for spending shocks. In truth if you spend less than you could, regardless of working or retired, you build in a buffer that helps keep stress on your financial life lower. Most recognize the below as logical. Yet, many spend everything that comes […]
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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
- How do Safe Withdrawal Rates compare to Dynamic Retirement Income?
- The Dividend Income Illusion.