Yearly Archives: 2012

What is a Stand-Alone Living Benefit? Guaranteed Income Without an Annuity?

I was intrigued when I came across a product called a Stand-Alone Living Benefit (SALBs) which promises lifetime income without having to actually buy a fixed or variable annuity.  It is often said that necessity is the mother all invention and so with more and more baby boomers changing their strategy from accumulating assets to

The Relationship Between Cost And Efficiency

The Relationship Between Cost And Efficiency

Does Efficiency Always Save Money? A general consensus would most likely agree that efficiency is cost-effective, in a good way. There are a plethora of products and services marketed who use their efficiency as a selling point, so why would we assume an opposing statement? Contrary to popular belief, efficiency can cause the complete opposite

What is SIPC? Stanford Case Set to Challenge What is Eligible

Anyone with some type of broker account has seen the term, “Insured by SIPC” but what does that mean? Is it like your bank account being FDIC Insured? In short, No.  The “I” in SIPC is often confused for insurance, but it actually stands for Investor. The Securities Investor Protection Corporation otherwise known as SIPC

Responding to When Someone Calls you Cheap

The other day I was talking to a buddy and he called me cheap.  It wasn’t anywhere near the first time that this happened, nor will it be the last.  I don’t usually take much offense because I am comfortable with myself and my spending habits, but for whatever reason this simple conversation got me to thinking

April 2012 Net Worth Update – Finally Doubled Up!

When I first started my zero net worth experiment I was curious how long it would take me to double my net worth.  Well, as the title indicates, 13 or so months later I finally did it!  As a reminder on January 18, 2011 I took my positive net worth and made it zero.  This