AAII Survey: How Readers Organize Their Personal Financial Files

Last week’s featured AAII article on the AAII blog outlined ways in which individuals can organize their personal financial files. It turned out to be one of the most popular posts in the blog’s history. As the article points out, there are a number of reasons to keep your financial files in order: tax audits,…

 

Get Organized! How to Maintain Your Personal Financial Files

Are your file cabinets overflowing? Everyone needs to keep certain personal financial files more or less permanently. But which files should you keep, and why do you need to keep them? How long should you keep them and in what format? This post serves as a brief guide to organizing your personal paperwork. Let’s start…

 

AAII Survey: Readers Outline Retirement Goals, Biggest Obstacles to Achieving Them

Everyone has a different view of retirement and, thus, different goals they hope to achieve in retirement. The goals may include taking better care of themselves, traveling more, spending more time with friends and family, etc. AAII Weekly Survey Question To get an idea of the biggest goal our readers have for retirement, last week’s…

 

Human Capital and the Theory of Life-Cycle Investing

Human capital is something we all have, and it’s becoming a front of mind issue in the press and in the field of financial planning. What’s up with that? What Is Human Capital? For economists, there is a very specific definition for human capital. They say it is the value of future earned income expressed…

 

A Guide to Dealing With an Estate Planning Attorney

It is well-known that the best way to motivate someone to go see an estate planning attorney is to arrange a trip to a faraway place. There are, of course, excellent reasons for consulting with an estate planning attorney other than exotic travel. Up-to-date estate plan documents maximize the chance that your wishes with respect…

 

Inherited IRA Rules for Spouses, Heirs and Trusts

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Inherited IRA Rules for Spouses, Heirs and Trusts Inherited IRAs have unique traits and do not follow all the same rules as traditional individual retirement accounts and Roth IRAs. Though some similarities exist, the applicable rules are dependent on whether the new owner of…

 

Achieving Financial Security by Conquering Personal Debt

Overloading on debt is expensive. In addition, credit can be an important lifeline in the event of a crisis, and if you have used all your credit, you have removed a valuable cushion of security. Debt is a major hindrance to achieving financial security for many Americans. Here are some tips on how to conquer…

 

Volatility Is Extraordinarily Low

Not only has volatility left the building, it appears to have climbed on to a hammock to take a summer’s nap. Yesterday, the Chicago Board Options Exchange’s Volatility Index (the CBOE’s VIX) closed below 10 for the 10th consecutive day. Some perspective will help put the streak, which ended today, and the current levels into…

 

Strategies for Married Couples: How to Coordinate Your Plans

Many employees think of their 401(k) plan allocations in isolation. But if you are married and your spouse works, you are both likely contributing to employee-sponsored plans. And if that is indeed the case, your allocation approaches should be “married” as well. After all, when you retire, you will be living off of both retirement…