Budgeting is something that few people enjoy. Simply hearing the word may cause you to imagine clipping coupons or, worse, being out of a job. Many people believe that if you have enough resources, budgeting is a choice rather than a necessity. In what follows, I’ll explain why everyone already has a budget (whether they’ve[Learn more…]
In my first article on Social Security, I described how the program works and reviewed the program’s financial standing over the last thirty years. In my second article, I examined the financial future of Social Security and the policy changes necessary to shore up the program’s long-term finances. Here, I outline Sensible Financial’s new projections[Learn more…]
In my previous article, I describe how the Social Security program works and examine the program’s financial standing over the last thirty years. Currently, Social Security is running a small annual surplus, paying benefits as scheduled, and trust fund reserves are larger than they’ve been in decades. At a glance, everything appears A-ok. However, the[Learn more…]
It is no secret that the Social Security program is financially unsustainable. Based on current projections, too little cash is coming in to cover future benefit payments. The first page of your Social Security Statement (the document reporting your lifetime earnings history and estimating your future Social Security benefit) states that “by 2034, the payroll[Learn more…]
Rick Fine is miles from where he thought he’d be now, and he likes it. Fine graduated from the University of Colorado with a degree in computer science and worked for many years on the engineering side of the software industry. After a taste of the business side of software development and an MBA from[Learn more…]
Recently, the Concord Journal wrote an article on Sensible Financial being named to the Financial Times 2017 Top 300 Registered Investment Advisers. You can read that article here.
Prepaying your mortgage can be a sensible thing to do, especially when you have idle savings (think cash or money market accounts not earmarked for specific financial goals or your emergency fund) earning less than the rate on your mortgage. In my previous article, I analyzed the mechanics of prepaying your mortgage. In effect, prepaying[Learn more…]