In a column in August, I reported that almost every large news magazine and major newspaper was predicting the real estate bubble was about to pop. I concluded that, when the major financial press all agree an event is eminent, that is the best guarantee it probably...
Living within a budget would seem to be a perfectly straightforward proposition. The first part of the task is creating the budget. You list all of your income, then list all your expenses, add them up and compare the two. The second part is following the budget. You...
What are you saving for? For financial planners and other financial advisors, it’s easy to become immersed in the details of investment portfolios and retirement plans. Those of us who get excited dealing with the mechanics of investing—the “how”—sometimes forget that...
Every year at the beginning of tax season, when tax statements are sent to investors, I know that I will be getting a few phone calls from new clients who are not pleased. They have the following question: “This form shows that I had a taxable capital gain...
Is the way your parents spend their money any of your business? It might be—at least if those parents live in South Dakota. If you have parents who are residents of the state, you are financially responsible for them. South Dakota law (SDCL 25-7-27)...
