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…

Early Retirement “Snowbirding 101”

Not long ago I had lunch with my recently early retired friend Russ, who gave me the inside scoop on snowbirding from wintery Minnesota to sunny Florida.  Russ and his wife, Tracey, are new to the lifestyle, having bought a condominium on the gulf coast of Florida last year, which they can enjoy now that…