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Cash Flow

Couples With Income Inequality, Part 2

Last week I described three common dynamics in couples where one partner is much wealthier than the other. Those are the “Funder and Beneficiary” where the wealthy partner pays for everything, the “Proportional Spenders” who contribute based on their income, and the...

Should You Be Afraid of a Bear Market?

“The Bear is coming! The Bear is coming!” Indeed it is. Should you be worried? No, if you have heeded my advice and diversified your portfolio and set aside a cash reserve. You can actually stop reading now. For everyone else, the answer is “probably...

Look Beyond Alarming Social Security Headlines

If you are in your 50s or 60s, you may have reacted with concern to the numerous recent news reports about the August 31, 2021, annual report from the Social Security Board of Trustees on the long-term financial status of the Old-Age and Survivors Insurance and...

Monthly Child Tax Credit Payments: Understand The Options

In July, families eligible for the federal Child Tax Credit will begin receiving monthly payments instead of waiting to receive an annual credit when they file their 2021 tax returns. One parent of two small children thinks the change will make a significant...

Frugality Syndrome: Making The Shift From Saving To Spending

I have exhibited tendencies toward pyromania most of my life. As a Boy Scout, my favorite activity was starting and stoking a campfire. As an adult, my best birthday gift ever was a flame thrower designed by my son which made quick work of a pile of pinecones and...

How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...