Month: December 2025
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Is “VWRA and chill” good advice?
VWRA is a splendid way to invest. It is extremely diversified. It is very low-cost. It is set-it-and-forget-it material. It is advice that gives you the best outcomes. Historically speaking, a 100% equity portfolio is the best strategy for retirees. So “VWRA and chill” is good advice, right? Financial advice isn’t so simple It involves…
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How much should I save for retirement?
One answer is 10x your annual income by age 67. That is the answer given by a Fidelity report. It may seem like an insurmountable task. Luckily, we have the power of time and compounding on our side. Savings milestones by age The Fidelity report suggests the following milestones: That’s a hefty list. I don’t…
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Debt doesn’t just cost interest. It sacrifices opportunity.
One thing is for sure. Debt is costly. If I take a $50k loan to fund my wedding, at 5% for 10 years, I would pay $13k in interest. But if that $50k had been saved or invested at 5% for 10 years, I would have ended up with $81k, or over $31k in interest.…
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Your lack of financial knowledge is a risk
I recently went to get my car serviced. The mechanic told me I needed to replace my brake pads as they were less than 3mm thick. I said yes, but I had no idea if he was telling the truth. He could have been ripping me off and I would be none the wiser. Luckily,…