I very much hope that you have an emergency savings account. I recognize that not everyone does, but if you do… Let’s talk. There is an interesting area of behavioral economics research that suggests that when some people face…
We frequently answer questions regarding the Economic Impact Payments (EIP), or stimulus checks. In order to provide you an easy to access resource, we’ve compiled a number of those questions and answers here. If you have additional questions that aren’t…
Well, here we are living life during quarantine. Watching way too much TV and eating far too many carbs. But we also have the opportunity to use some of this new-found free time to improve our financial well-being, taking care…
We’re often asked how you track your expenses in an attempt to maintain a household budget. Admittedly we all have biases and apps we tend to gravitate to. However, that doesn’t mean we’re using the best tools for our individual…
The end of 2019 brought us a significant piece of financial legislation that you should be familiar with. The Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, was passed as an add on to an…
With the hullabaloo of resolutions settling down, let’s start fresh. Not everyone who reads this blog or listens to the podcast wants to concern themselves with seemingly trivial things like a safe withdrawal rate, or updating their net worth regularly,…
Pete, Some of my friends are opening Roth IRA accounts and telling me what a good idea they are. I understand how they’re different from a normal IRA account, and I think I’d like to open my own account, but…
In episode 333 of the Pete the Planner Show, Pete and I found ourselves discussing the role that time plays in our investing lives. The short version is this: The younger you are when you begin investing, the more of…
We need to talk. If you saw Pete’s last article for the Indianapolis Business Journal (here), you may have been confronted with a reality you hadn’t considered or didn’t want to confess. For a great number of people, including some…
Hey Pete & Damian! I just became eligible to start a 401(k) account at work. This is the first time I’ve ever had a 401(k) and I’m not sure what I should be doing. Can you help? Thanks! — Nevaeh…