bank deposits secrets

Bank Deposits: 3 Secrets Your Banker Won’t Tell You

In 2014 former Harvard economics professor and Goldman Sachs employee, Terry Burnham was concerned about his bank deposits and withdrew over $1 million from his checking account at the Bank of America (BoA). Why? In addition to no interest being earned in his account, BoA (as with most large banks) had loaned out the vast…

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u.s. economy - student loan debt

Student Loans, Part I: 10 Things to Consider Before Getting One

Americans now owe a record $1.3 trillion in student loans – yes, trillion! How did this happen? It started with the Higher Education Act of 1965 which allowed students to take out big loans for college. As a result of students’ ability to pay, colleges increased their tuition. This became a vicious cycle where schools…

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student loan debt

Student Loan Debt, Part II: 10 Ways to Avoid It

This is the second of a 2-part series on student loan debt. Read Student Loans Part I: 10 Things to Consider Before Getting One. College students often accept student loans without thinking about the financial responsibility that comes with them. Ask yourself, “Will I be able to afford these payments after I graduate? What if…

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401k plan

Who’s Crushing Your 401k Plan?

A 401k plan bombshell was dropped by Frontline’s Martin Smith on the PBS program, The Retirement Gamble aired in April 2013.  If you are concerned about your retirement and you are invested in a 401k plan, this captioned documentary is a must watch: For a quick synopsis, Wall Street on Parade’s Pamela Martens wrote an…

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Are Savers Really Losers?

 “The main reason people struggle financially is because they have spent years in school but learn nothing about money. The result is that people learn to work for money but never learn to have money work for them.” This is one of my favorite quotes from Robert Kiyosaki, author of Rich Dad, Poor Dad. If…

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Three Questions to Ask a Potential Financial Advisor

Matt Rettick, a 25-year veteran of the financial services industry, provides a short video on three questions to ask a potential financial advisor. Here’s a quick summary of Matt’s advice: 1. What standard are your financial recommendations held to? There are two kinds of standards a financial advisor may be held to:  Fiduciary and Suitability…

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Is There A Millionaire Next Door?

According to, there were 6.1 million millionaires in the U.S. as of January 2014. Chances are one of them lives near you. If so, what lessons has that millionaire neighbor learned that we can benefit from? At the Business Insider website, personal finance writer Len Penzo came up with his list of 19 common…

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Suze Orman’s Retirement Dos and Don’ts

We’ve always valued Suze Orman’s advice and when we saw this retirement checklist in the Costco Connection magazine, I wanted to share her tips. Because my wife and I are at the retirement age already, we have some regrets on items we should have done in our early years. We hope this checklist will help…

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Ric Edelman Ranks #1 as Independent Financial Advisor

Barron’s  has three times named Ric Edelman the #1 independent financial advisor in the nation (2009-2010, 2012) and nine times (2004–2012) among America’s 100 top financial advisors. In 2012, website,, named Ric the most influential financial advisor in America. Ric was inducted into the Financial Advisor Hall of Fame by Research magazine in 2004.…

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