How to be (more) self-insured

You can take control over your insurance needs and your money by recognizing that you yourself can become self-insured. Insurance is expensive, isn’t it? I know my car insurance just went up by about 15% this year, and that’s not … Read MoreRead More

Why you want to build a financial team

A fortuitous experience with an insurance agent reminds me that we shouldn’t do all the financial work ourselves, that we need a financial team. I signed up for health insurance on the Marketplace. Obamacare. Whatever you want to call … Read MoreRead More

Why a terrible savings account rate is actually just fine

Falling interest rates may seem like a concern, but it helps to illustrate what savings accounts are really for. I’ve also long talked about how you can use an online savings bank to get much higher interest rates than with … Read MoreRead More

It’s time to create your own unemployment insurance

If you’re employed, you have the option to create your own unemployment insurance that’s even more flexible than what you get through work. Some people don’t seem to understand what “getting unemployment” is all about. Unemployment is a kind of … Read MoreRead More

Shadow selfie

I want you to be your own insurer

As I’ve stated before, I have a natural built-in aversion to many insurance products. Mainly, this is because they are so heavily marketed and advertised (and you know how I feel about that). I just am usually not convinced that … Read MoreRead More

Safe door

Can your money ever really be safe?

I feel like there are a lot more radio programs of a financial nature than there used to be. This might be a confirmation bias, in that I’m seeking these things out. I could just as easily say that I … Read MoreRead More

Street collapse

Pay less now, or pay more later, your choice

There are lots of ways to spend more money than you have to. One of the easiest ways to do that is to buy something before you have the money for it. And there are oodles of ways to do … Read MoreRead More

Cherry Blossom

The worrying connection between long-term care insurance and the Roth IRA

I talked last time about long-term care insurance (LTCI), and how it can be a great tool to hedge against the incredible medical costs of things like nursing home care. This is, of course, assuming that the insurers stay in business, … Read MoreRead More

Heavenly Bow of Stars

Is long-term care insurance still a going concern?

Medical costs are scary. Medical needs definitely count as emergencies, but the costs can be incredible. I always recommend a savings of at least six months of bills and expenses in your emergency fund (here’s what that means for you), … Read MoreRead More

Roulette wheel

Where do you put short-term savings?

I was asked this question recently: “I have about $10,000 that I don’t need to touch for a while, and I was thinking of investing it so I could make the most of it. Where do you recommend I put … Read MoreRead More