While focusing on the Federal Reserve’s quarter-point interest rate cut, you may have missed an interesting milestone in the investing world: For the first time ever, U.S. index (passive) mutual funds have more money invested in them than active, stock picking funds.
Read MoreWhen I talk about funding college, I proffer the usual advice: Build your family’s financial foundation (pay down debt, establish an emergency reserve fund, and maximize retirement plan contributions) BEFORE trying to tackle college funding; talk to your kid as early as freshman year in high school about what the family can afford; and don’t shortchange your own or your child’s financial future by amassing mounds of debt.
Read MoreSeptember is Life Insurance Awareness Month, which is as good a reason as any to cover the important topic. I know that it’s pretty hard to get jazzed about insurance, because it is essentially the vegetable portion of your financial diet.
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