Deferred Compensation & Savings – Bobby Bonilla

A few weeks ago, I wrote about the crazy financial situation of Alyssa Milano, the actress who has apparently lost all of the millions she made on TV and is in a lawsuit with her former accountant. I wrote that it surprises me how many celebrities, athletes, and musicians seem to waste the great fortunes…

Long-Term Care Insurance – Cost/Benefit Tradeoffs

My Mom & Dad called recently to get my take on their Long Term Care (LTC) insurance.  They’ve had a policy for fourteen years and recently got a notice from their insurer that their rates would be going up.  The increase – stepped over the next few years – totaled a little more than +50%…

Organizing for FIRE – Financial Files

We’ve continued our effort to organize this January and continue to make progress.  We keep our financial records pretty streamlined, but I recently looked at an official guide to how long you are supposed to retain records.  MFS Funds – formerly Massachusetts Financial has a ‘handy’ guide they publish that covers financial records from A…

Organized for FIRE – Round-Up Day

It’s nice to start the new year in an organized way and my wife and I have long practiced a habit called “Round-Up Day” to get our financials in order.  Jane Bryant Quinn wrote about this useful concept in her book Making The Most Of Your Money.  Once a year, you spend a day rounding…