Personal Finance

ProjectionLab Review: Powerful DIY Financial Planning (+ Video)

ProjectionLab Review: Powerful DIY Financial Planning (+ Video)

ProjectionLab is a powerful financial planning tool that empowers do-it-yourselfers to set and track financial goals and forecast how their wealth will change over a lifetime.   We can use it to experiment with various scenarios and assumptions to help us determine if we have enough to retire or achieve other financial milestones.  This retirement planning calculator is far…

The Pros and Cons of DIY Investing

The Pros and Cons of DIY Investing

I’ve been a self-directed investor for almost thirty years. Self-managing my investments has saved me tens of thousands in fees, though I’ve been susceptible to my own investment biases and mistakes. Overall, I believe the tradeoff favors do-it-yourself (DIY) investing.   This article explores the pros and cons of DIY investing compared to hiring a financial…

The 50-Year Home

The 50-Year Home

My parents were born and raised in the south hills of Pittsburgh. They attended the same high school but didn’t start dating until five years after graduation when they were in a wedding party together.  Dad was a high school teacher on the other side of town. He wanted a shorter commute, a big yard,…

The Noise We Don’t Ignore

The Noise We Don’t Ignore

Inflation is destroying wealth and making food so expensive. The Fed keeps raising interest rates — how can the housing market survive it? The 16th largest U.S. bank failed a few months back. Then the 14th largest bank failed! The COVID-19 pandemic happened. That sucked. Now there’s a stupid war in Eastern Europe.  The stock…

3 High-Yield Alternatives to Savings Accounts

3 High-Yield Alternatives to Savings Accounts

Inflation is eating away at our wealth quarter-by-quarter. It appears to have peaked in May 2022, thanks to the Federal Reserve’s aggressive rate increases. But the chart below shows how the products we consume have recently become more expensive. Source: https://tradingeconomics.com/united-states/inflation-cpi The Federal Reserve is mandated to target 2% annual inflation as measured by the…