Archive for the ‘Personal Finance’ Category

Guest Post: The Simplest Investment Approach, Ever

Guest Post: The Simplest Investment Approach, Ever

By Lars Kroijer | How Not To Invest, Investing, Personal Finance

Editor’s Note: Lars Kroijer is a former hedge fund manager, and the author of two books. He previously posted here on the advantage of conceding ‘edge’ in personal investing. I appreciate his debunking the value of high-cost financial services.   You probably can’t outperform the market – here is how you should invest once you [&hellip

The New MyRA - From the Department of Bad Retirement Ideas

The New MyRA – From the Department of Bad Retirement Ideas

By The Banker | Investing, Personal Finance, Taxes

The federal government – following an idea proposed during Obama’s January 2014 State of the Union address – will role out a new simplified IRA plan later this year, designed as a starter retirement account, known by the catchy name MyRA. Geared to lower- and middle-income earners, the accounts will have the following features: 1. Automatic deduction [&hellip

Book Review: Think and Grow Rich by Napoleon Hill

Book Review: Think and Grow Rich by Napoleon Hill

By The Banker | Book Reviews, Personal Finance

Can you simultaneously find something personally un-appealing, yet respect its effectiveness, when considered on its own terms?  Of course you can. For example that’s my summary view of Miley Cyrus’ amazing career so far.  I did not enjoy reading Napoleon’s Hill’s Think and Grow Rich – indeed some parts are pretty darn annoying – but [&hellip

Ask an Ex-Banker: Estimating Monthly Savings to Meet College Costs

Ask an Ex-Banker: Estimating Monthly Savings to Meet College Costs

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance

This “Ask an Ex-Banker” question came from reader Todd R.  In response to earlier posts about the cost of college education, he wanted to calculate the following: “If a family was sending their child to college this fall, AND they were fully able to pay cash (from an educational tax deferred plan) what would their [&hellip

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