Year: 2017

“Choosing a Financial Planner”

Financial planning can be helpful for everyone, regardless of their income or their experience handling their money.  Deciding on which planner to hire is a key decision, akin to finding a physician or attorney. Since you don’t want to make this decision more than once, you should make your choice very carefully.  Here are the […]

“A New Tax-Deferred Savings Plan”

By now, most folks are familiar with the advantages of saving for college through a 529 college savings plan.  The State of Alabama passed similar legislation that allows people to save and invest on behalf of people with disabilities.  It’s called the ‘Achieving a Better Life Experience Act’ with the nick-name ‘ABLE’ accounts.  Here are […]

“Smart Moves for Handling Debt”

In a perfect world, you’d be debt free.  If you must borrow money for purchases, stay within following guidelines. These guidelines will allow you to meet your obligations and still leave you money for investments, charitable giving, vacations and other expenses. Debt Guideline #1: Your Total Debt Payment. Your total debt payments, including your mortgage […]

“Dealing with Debt: Part III”

Last week, I made the case that inappropriate debt was perhaps the single greatest roadblock to financial success and financial freedom for most people.  The topic was the misuse of credit cards along with solutions for dealing with credit card problems.  This week I’ll continue the debt discussion with three additional common debt traps. Debt […]

“Debt: Life’s Biggest Roadblock to Success”

When counseling couples who have financial problems, too much and inappropriate debt is almost always part of the root cause.  Too much debt will make it very difficult for you to achieve financial independence. While it’s impractical to avoid debt completely, you should be able to maintain appropriate control of your debt. Years ago, a […]

“Thinking About Getting Married? Let’s Talk Money!”

The following is an excerpt from my soon-to-be-released “Couples Guide to Personal Finances”. After thirty-plus years advising hundreds of couples, it has become evident that when couples have problems, invariably, disagreement about finances is in the mix.  Therefore, if you can solve the money equation, you can go a long way towards creating and keeping […]