Author Archive | Larry Frank, Sr.

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The Insidious Impact of Lifestyle Creep

What is “Lifestyle Creep?” “Lifestyle creep occurs when an individual’s standard of living improves as their discretionary income rises and former luxuries become new necessities. The rise in discretionary income can happen either through an increase in income or decrease in costs.” Lifestyle creep can occur when your young when income tends to continue to rise. […]

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The often-ignored Preliminary SAT (PSAT) – Why is the PSAT important?

So, your child is in high school. For some parents, the concerns about the next step to college begin to enter your minds. When should you begin to think about college for your child? As early at the 9th grade! Here’s why? The ignored Preliminary SAT (PSAT) can open invisible doors not imagined or seen. […]

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Journalism 101 Meets Personal Finance 101

Most people invest willy-nilly (without any planning or order). Taking some basics from journalism may help most people get better results (expectations) when they approach investing. Answers to questions about Who? What? When? Where? Why? and How? “…are questions whose answers are considered basic in information gathering or problem solving.” https://en.wikipedia.org/wiki/Five_Ws . They’re very fundamental […]

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What age should retirement be planned to?

One of the big discussions in the profession is choosing the age retirement should be planned to. Should it be age 95? Age 100? Some other age? Here’s a good brief discussion on the implications of choosing an age: “How Life Expectancy Affects Retirement Planning” by Mark Miller at Morningstar. Assuming you’re younger than in […]

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How do those “free dinners” really work?

You’ve probably got a dinner invitation in your mail. Free dinners are popular marketing ploys. “The hook” is the free meal. You bite. The salesperson reels you in with a compelling presentation. They land you when you buy what they’re pitching. No surprise – typically it’s an annuity. Why typically? Because they have high commissions, […]

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