Asset Location: The Missing Piece in Your Investment Puzzle?
Asset Location: The Missing Piece in Your Investment Puzzle? When it comes to managing your investments, the term “diversification” probably rings a bell. It’s one of those golden rules of personal finance: don’t put all your eggs in one basket. Most of us understand that spreading your investments across different asset classes—stocks, bonds, real estate,…
My Personal Approach to Budgeting
My Personal Approach to Budgeting For years, I struggled with implementing an effective budgeting tool, drowning in the minutia of expense categorization. Should Chipotle go into Restaurants or Fast Food? Or maybe Fast Casual? Turns out, the correct category probably should have been, “Who cares?” Rather than trying to categorize every single expense, which in…
Death, Taxes, and Identity Theft
Death, Taxes, and Identity Theft Although Benjamin Franklin’s famous quote on the certainty of death and taxes didn’t include the risk of identity theft, it would be fitting in today’s world. Every year, identity thieves attempt to pilfer billions in federal withholdings from unsuspecting individuals. It has become crucial for taxpayers to exercise extra vigilance,…