Dear Pete, My wife and I have been married for seven years this February. We get along great, except for one minor issue. Well, it’s not that minor. She spends a tremendous amount of money, which makes achieving our financial…
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…
Dear Pete, I just retired at 60. I am a single, head-of-household male with no children. When I retired, my annual salary was about $120,000. I have had my mortgage paid off for about four years and have no monthly debt load. I have approximately…
Dear Pete, I am now 65 and on the verge of retiring. I am reluctant to retire but am feeling it is time to leave my position for various reasons. I hope to continue working part time if I find…
Damian, I keep hearing people talk about the coming recession. I know you can’t tell me when it’s going to happen, but what should I do to make sure I’m prepared for when it does happen? – Emily —————— Hi…
It’s nothing short of shocking how quickly your child’s bus rides to elementary school turn into a heart-wrenching drive to drop them off at college for the first time. The time flies by, and you wouldn’t be alone if you…
We decided to climb Pikes Peak, and after we parked and made our way to the trailhead with our friends, my wife ominously blurted “there’s no turning back now.” She was wrong. Sixty minutes later, I was on my way back…
Dear Pete, My husband and I have been gifting our daughter and her husband $10,000 per year for the last several years around the holidays. It’s become a bit of a family tradition. We enjoy being able to provide them…
The look on the man’s face was one I’ll never forget. Five seconds prior, his wife unleashed a verbal blast heard around the world. Fine, it was just my office. “As long as we don’t end up like his parents,…