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How Much Does a Reverse Mortgage Cost?
I just did a hypothetical reverse mortgage calculation using this calculator. For the calculation I used a birthdate for the husband of January 1, 1945 and June 25, 1945 for the wife. I also assumed...
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Remember back in November when I posted Reverse Mortages: The Next Subprime Mess? Well, the March 2008 issue of Kiplinger’s has a similar article titled A New Mortgage Mess on the Way? Something to...
View ArticleReverse Mortgages: The Next Subprime Mess?
Read the following paragraphs from an article titled Reverse Mortgages: The Choices Expand ($) that was in today’s Wall Street Journal: In the past, the reverse-mortgage market has been constrained by...
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How Much Do You Pay for Financial Advice?
There was an interesting article in today’s WSJ about the impact of automation on the financial advice business. Quick summary: automation is forcing costs down from the traditional 1% annual fee. I...
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Why You Should Always Be Ready for a Market Sell-Off
Interesting: Why You Should Always Be Ready for a Big, Scary Stock Market Sell-Off Here’s how I normally deal with sell-offs: 1) I don’t look at the 401(K) balance. It’s not going to do me any good to...
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Trader Joe’s Has Some Unhappy Employees
[Rant on…] Are we becoming a nation of spoiled wimps? Based on this article I read in Sunday morning’s Houston Chronicle, I would say the evidence is mounting that we are. Trader Joe’s has been a...
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8 Reasons Why I Loathe Social Security
I know lots of people love social security. I know lots of people consider social security a successful government program. I disagree. A comment left in my previous post about the 2017 changes coming...
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Meet Glover Quin
This is a great piece about financial savvy of Detroit Lions safety, Glover Quin. Doesn’t happen often enough. He saved 70% of his income the first three years of his NFL career and lived on the other...
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COLA for 2017 Social Security Recipients: .3%
I just saw that the Cost of Living Adjustment (COLA) for social security recipients is going up a whopping .3% (yes, that’s point three percent!). What really stinks is the amount of income subject to...
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Employers Are Looking for Employees with Soft Skills
This piece comes to us via a daily email I receive from Wells Fargo. Employers are struggling to find workers with soft skills, such as critical thinking, empathy, and the ability to get along with...
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How Much is Your Social Media Account Worth?
Longtime readers of AFM know that I’m not a fan of misleading people. I don’t publish paid blog posts without a disclaimer stating that the post is an advertisement. Advertisers don’t care for that,...
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Back to School Average Spending: $673
From an article I read in today’s Houston Chronicle: “Parents expect to spend an average of $673.57 on electronics, clothes and notebooks this year, compared with $630.36 last year, according to the...
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Here’s An Example of an Awesome Entrepreneur
I saw this video circulating on Facebook. With all the negative stuff going on in the world, it’s nice to come across something positive. This young man reminds me of my boys. Check this out:
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Yahoo! Finance is Now Useless!
Well, it happened… All the useful features of Yahoo! Finance have been thrown out the window in the latest “update”. I’m starting to think that “update” is code for “take away features”. Yahoo! Finance...
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I Like This Judge
I saw this video this morning on facebook and thought it was worth sharing:
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S&P Monthly Total Returns Since 1926
For the first time ever, I am making available the S&P 500 Monthly Total Returns going back to 1926. I originally put this together years ago and have been religiously updating the information each...
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The Average 401(K) Balance is $96,000
According to the latest Vanguard “How People Save” report, the average 401(K) balance is $96,000, while the median account balance is $26,405 (median age of participant is 46). This does not bode well...
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Oxford Economics Doesn’t Like Trump’s Tax Plan
I received the following information in an email this morning. I haven’t written much lately. I especially haven’t written much about politics lately. I am not very excited about this election. That...
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Want Better Employees? Improve Your Selection Process.
I don’t know what it is, but I love customer service. Sadly, it seems non-existent nearly everywhere I go. Employees don’t seem to care and their managers don’t seem to care that they don’t care....
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Millennials Can’t Get Anything Done at Work
If this is true, it’s sad: “The younger workers are often off task, engaged on social media, on the internet, texting on phones and other unproductive activities. “The Department of Labor must realize...
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