Biggest Financial Regrets – Have Any?

Someone recently started a thread on Reddit asking “What is your biggest financial mistake/regret?” I posted a couple articles on our biggest mistakes in the past and so I perused the Reddit thread to see if our misery had some company. Here were the responses – in order of how often people mentioned them: Spent…

Paying Off Your Mortgage As Rates Rise

Mortgage rates are in the news again as the average rate on a 30 year fixed mortgage reached 4.6% this week. It was the highest the rate has reached in the last 7 years – up 0.7 percentage points from where they were at last year. Fifteen year rates are also up – reaching 4.15%.…

GOP Tax Reform – Not So Big Savings in MN

(Updated 12/31/17 for final Tax Reform provisions) Tax Reform has been all over the news in the last week and when the Senate passed their bill on Friday night, I was excited at the prospect of seeing a solid windfall based on what the politicians were saying about it. The Republicans promised big savings for…

FIRE Station Fun – In The Dark Financially?

MrFireStation doesn’t read a lot of celebrity gossip or People magazine, but I can’t  help notice stories in which wealthy celebrities sue their accountant for mismanagement and running them into debt.  Alyssa Milano, according to the Daily Mail, has been left in “financial ruin” by her accountant.  The article, which cites arguments included in a…

Eight Retirement Myths Thoroughly Debunked

I read an interesting white paper recently from the American Enterprise Institute that looked at “What Is Happening In Retirement Planning Today?”  The paper was well-researched and stands as a bit of a contrast to the tangle of dark personal finance headlines that you often see in the in the paper and online.  While the…

Millionaire Next Door – Thomas Stanley RIP

  It is with true sadness that I read that Dr. Thomas Stanley, co-author of the Millionaire Next Door, was killed recently in an unfortunate car accident.  Reuters wrote that “Stanley was killed Saturday afternoon when a car slammed into his vehicle near his home in Marietta, Georgia.” Stanley researched the lives of American “high…