Personal Finance Roundup
• What to Do After You Die [Yahoo Finance] "Unless you like the idea of your family holding a seance to ask your departed spirit for the phone number of the family's insurance agent, you should assemble all the information they'll need now, before you depart -- and put it where they'll be able to find it."
• How Often Should I Rebalance My Investment Portfolio? A Brief Article Review [My Money Blog] "Why Rebalance? Rebalancing is a way to maintain the risk/reward ratio that you have chosen for your investments."
• Go vegetarian to save money [MSN Money] "In a world of $1 double cheeseburgers, it's no wonder that many people suspect that a vegetarian diet is more expensive than one that includes meat. But that's generally not true. And though it's difficult to tally the savings of illnesses or diseases avoided with a plant-based diet, the financial worth of good health is unquestionable."
• The Priority: Paying off Credit Card Debt or Starting Investing [The Sun's Financial Diary] "As long as we believe that the economy will continue to grow, despite once in a while short term downturn, investing should not be delayed. Let compounding work its magic!"
— FREE MONEY FINANCE
(Photo: Ben Popken)
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Comments:
Maybe the first post should be titled "What to do BEFORE you die." All theological and spiritual questions aside, you probably shouldn't plan on getting a whole lot of productive stuff done AFTER you die.
Thank goodness Ben didn't use the photos from the day he got his life savings out of the bank in singles and rolled around in bed with it.
less roundups, more new crap please.
There's a personal finance roundup it seems like every other day........or a roundup of some sort.
........filler material?
"Let compounding work its magic!"
That compounding works both ways, you know.
Pay off your debt, then invest.
The Sun's Financial Daily guy is, quite frankly, an idiot, without the most basic understanding of finance.
Don't count on receiving your spouse's social security benefits after they pass. My father recently passed away at age 61 and the government is saying that my mother (age 62 and still working) makes too much money to receive his social security benefits that he has paid into for his entire working life. They were kind enough to send a $250 check her way, bless their bureaucratic hearts, which knocked down the funeral costs to a much more affordable $9,750.
@acambras:
Personally, I don't plan on doing a helluva lot after I die, except maybe hang around and haunt people I never liked (assuming they're still alive by then)
Invest before paying off higher-interest debt? Are you for real?
If you have 18% going out and 10% coming in, you're earning -8% interest. A mattress offers a more attractive interest rate.
"And though it's difficult to tally the savings of illnesses or diseases avoided with a plant-based diet."
Interesting article, but a little too biased, and it tends to set groups of "meat eating unhealthy people" and "vegetarians with no health problems"
I think it tries to much to discount hard immediate costs and only talk about long term benefits (in addition to how beans and rice are cheap).
Hello people, a healthy meat diet has a healthy mix of non meat ingredients too.
That's a pretty good picture there Ben. lol