by John | Jul 9, 2016 | 1-Growth, General, Investing
Where I’d like to see our company’s 401(k) go.
I used to think our company’s 401(k) program was a great deal . . . for our employees as well as our company. Now I’m convinced it is a raw deal. Especially for our employees. (Though I have serious reservations for the company as well. But that’s for another time.)
Sadly, so far, I’ve been unable to convince the management team to get something better. And, I’m afraid, too many of our employees are enamored of the program as well. (I’ve been told: “If you didn’t have a 401(k) plan, I wouldn’t have come.” —And this from a financial person who ought to know better!)
So let me tell you what I have learned in the last couple of years that has turned me so strongly against the standard, government-approved, defined contribution plans. . . . (more…)
by John | Jul 8, 2016 | Cash Management, General, Success
I don’t know when I first bumped into the concept. Probably sometime in my 30s. I called it “The Party Tithe”: 10% of my income totally for fun.
I got it from Deuteronomy 14:22-26 in the Bible. (more…)
by John | Jul 6, 2016 | General, Success
A vintage 1994 ad from Scope Books Ltd. that appeared in The Times of London.
It must have been sometime in 1989 or 1990. I saw an ad at least somewhat similar to what I have reproduced above. And it grabbed my eye.
At the time, I had no money. But I had always been intrigued by “what else” is out there. (more…)
by John | Jul 5, 2016 | 1-Growth, 2-Income, General, Success
One of my advisors suggested I list the reasons why Sarita and I wanted to put money into the various investments we had already purchased or that we were thinking we wanted to buy. “Maybe create a matrix that indicates your purposes for each asset,” he suggested.
I followed his counsel and found the exercise helpful and eye-opening.
(more…)
by John | Jul 4, 2016 | 3-Legacy, Charity, General
Estate plans are vital. And everyone should have one. Just be sure you’re covering your bases. My experience says even highly competent estate planning attorney will fail to ask important questions. So you need to ask some of these questions yourself . . . and be prepared to direct your attorney in ways he or she might not normally think to go or, perhaps, never has gone before!
(more…)
by John | Jul 1, 2016 | Cash Management, General
If you are trying to get out of debt and you have more than one debt to pay off, is there a strategic “best way” to do so? We will evaluate three recommended strategies to eliminate debt. (more…)
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