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Joined on 8/12/2006

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Smart SpendingCOMMENT

8 surprising truths about retirement

In 1960, my dad was an insurance salesman and I remember him telling me the recommended amount was 7 times your last year’s income.  As a general rule, this has not changed and is adequate for a starting point for everyone.  If only humans were able to plan 40 years in advance but that behavior does not seem to be part...more
11/18/2012
Smart SpendingCOMMENT

8 surprising truths about retirement

In 1960, my dad was an insurance salesman and I remember him telling me the recommended amount was 7 times your last year’s income.  As a general rule, this has not changed and is adequate for a starting point for everyone.  If only humans were able to plan 40 years in advance but that behavior does not seem to be part...more
10/26/2012
newsCOMMENT

In Congress, nearly half the members are...

None of these comparisons will be valid until you recognize the value of a pension.  Politicians get wonderful pensions that the rest of us will never see.  The net worth of a pension is APPROXIMATELY 25 times the annual pension according to most financial planners.  So when you calculate the net worth of a politician,...more
1/6/2012
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