Archive for the ‘Blog Posts’ Category

College Costs Op-Ed in New York Times

College Costs Op-Ed in New York Times

By The Banker | Blog Posts, Personal Finance

The New York Times has a great Op-Ed today about the Expected Family Contribution (EFC) calculation, which I recently encouraged all parents with college-bound kids to check out. My main take-away from looking at my own family’s EFC estimate on the College Board site was jaw-dropping because there is Just.No.Way. Where would an ordinary (non-wealthy) [&hellip

The Good Old Days of Filing Income Taxes - 1948 Edition

The Good Old Days of Filing Income Taxes – 1948 Edition

By The Banker | Blog Posts, Personal Finance, Taxes

For Throwback Thursday, the first day of Spring, and just three weeks until income tax returns are due, I offer up this vintage 1948 Federal income tax for 1040. My friend – whose grandfather worked in the steel industry in Youngstown, OH – found his old tax return and thought Bankers Anonymous readers would get [&hellip

One Source of College Costs: Administrators!

One Source of College Costs: Administrators!

By The Banker | Blog Posts

A friend sent me an article this week regarding some of College Advisor Julie’s comments about the rise in college administrators. The article, linked to here, presents the following dramatic assertions: 1. Non-academic administrative positions at Universities have doubled in the last 25 years, without a proportionate increase in students served. 2. During that same [&hellip

Guest Post: Lars Kroijer on How Agnosticism Over Edge Can Earn You 7 Porsches

Guest Post: Lars Kroijer on How Agnosticism Over Edge Can Earn You 7 Porsches

By Lars Kroijer | Blog Posts, How Not To Invest, Investing, Personal Finance, Wall Street

Editor’s Note: Author and recovering hedge funder Lars Kroijer provided this guest-post, making the case that most of us would be better off acknowledging we do not have an edge over markets.  Most of us can’t consistently “beat the market,” but many of us pay a lot in fees to try. Please also see related [&hellip

College Savings v. Retirement Savings

College Savings v. Retirement Savings

By The Banker | Blog Posts, Personal Finance, Taxes

An astute reader pointed out some qualifications to my Friday post on 529 college savings accounts – specifically, reasons not to fund them.  The most compelling reason, coincidentally covered in the next day’s New York Times, is that funding your 529 accounts is not as important as funding your 401K retirement account. The New York [&hellip