Should You Consolidate Your Student Loans?

With regard to student loans, many people use the terms refinance and consolidate interchangeably. They are not the same thing. Refinancing involves taking out a new private loan to replace one or more existing student loans (federal or private). Most individuals

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How Much Money Do You Need to Save for Retirement?

Table of ContentsWhy is Retirement Planning Difficult?Make an Educated GuessFinding a “Safe Withdrawal Rate”A Few Important CaveatsSo What is Safe?How Long Will it Take to Accumulate?What’s the Take-Away?Wrapping Up I commonly receive reader questions related to retirement planning. Sure, everyone knows

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It’s Time to Fix Your Undiversified Portfolio

Modern Portfolio Theory (MPT) is the brilliant mathematical model behind the investment concept of diversification. Nobel Prize winner Dr. Harry Markowitz introduced the theory in 1952 (1), and forever changed the world of finance and investing. He proved mathematically why holding a bundle of non-perfectly correlated

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