October 2011

Following Dave Ramsey’s “From Fruition to Tuition” class, people often ask me about the education savings accounts and 529 plans.  It seems there is a little confusion.  Briefly… The Education Savings Account (ESA) and the Coverdell Education IRA are one and the same. They are accounts that are set up specifically to fund college education. They are […]

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Herman Melville is an amazing author. His knowledge of the Bible and just about every other topic is astounding, and I am enjoying reading his book. Ishmael – “Again, I always go to sea as a sailor, because they make a point of paying me for my trouble, whereas they never pay passengers a single penny […]

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Have we entered an era where we question if the concept of conventional retirement is a myth? To be fair to history, retirement is a marketing idea created by Arizona retirement communities and picked up as the main marketing focus for investment firms.  Working until around age 60, then being on permanent vacation wasn’t even […]

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Obama mentioned that as of January 2012, student loan re-payments will be limited to 10% of income, and any left over balance after 20 years, would be forgiven. Sounds good, similar to the current plan that already exists for some loans and some non-profit employment situations after 10 years. So the new plan seems to […]

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Recently a small group leader of a Dave Ramsey Financial Peace University Class asked me: “I have been getting some questions in my group and I have been wondering myself, Dave is a big supporter of mutual funds for savings and I agree I have some myself; however, with interest rates being what they are, is […]

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