The End of an Era

Nearly eight years ago – on May 1, 2005 – this site went live. In the time since then, we’ve published nearly 3, 300 articles. I say “we” because, though I ran this site solo for nearly four years, it eventually became a group effort. In the spring of 2009, I took on my first […]

An Affinity for Fraud

There are some who wear their religiosity on their sleeves. They never tire of telling people how devoted they are to their church or synagogue, how faithfully they attend services, and how God-fearing, spiritual and pious they are. Some go so far as to suggest others who don’t share their faith are headed hell-ward. My […]

Lending Club Update – March 2013

Time for another Lending Club update… Our balance is now down below $500 and we should be completely cashed out within the next few months. Last month our portfolio looked like this: 110 loans were current 295 loans had been paid off 1 loans were currently 16-30 days late 6 loans were currently 30-120 days […]

Should You Pay Your Children for Good Grades?

This is a guest post from Suba Iyer. I grew up in India. We didn’t have a concept of weekly/monthly allowances. If we needed anything we would ask our parents. If they felt it was reasonable and affordable for them, they would buy us the stuff. We never handled cash on our own other than […]

Twelve Tips for Minimizing Your Tax Bill

Want to reduce your taxes? Of course you do. We all do. Well, the latest issue of Money Magazine has a list of 12 ways to reduce your taxes. Here’s a quick rundown along with some thoughts on each. Deduct state sales taxes. You have a choice between deducting state income taxes or state sales […]

Taxes Done, I-Bonds Requested

With Tax Day fast approaching – and a soul-crushing week in my rearview mirror – I’m pleased to report that our taxes are done. We once again ended up owing and we did the old overpay to get I-Bonds trick. So now… We wait. As a reminder, the Treasury (mostly) eliminated paper savings bonds a couple […]

The Elusive Goal of Financial Independence

I was having the “how much does it take” conversation with someone the other day. That’s always a tough one, but perhaps tougher than ever these days. The “how much does it take” conversation concerns how much money one needs to be financially secure. It’s always a tough call because of all the variables involved, […]

Rating Your 401(k) Plan Administrator

Two years ago, a survey asked a sampling of Americans whether, if they had a choice, they would prefer more money or a better boss. Since most of us are a bit cash-hungry, one might think the answer would be the former. But instead, the survey found a sizable majority (65%) would actually pick a […]

Figuring the Value of Our Benefits

Last week, Suba Iyer wrote about factoring in the value of your benefits when evaluating compensation packages. That got me to thinking about the value of my benefits at the work, and so I did a bit of digging. As it turns out, my employer breaks everything down in terms of deductions from my pay […]

Ally Financial Failed the Fed’s Stress Test

Not sure how I missed this, but the WSJ reported last week that Ally Financial recently failed one of the Fed’s stress tests. They tested the 18 biggest banks in the country and 17 passed. Apparently their “Tier 1 Common” ratio came in too low (1.5% vs. a required 5%), though they have responded that […]