One of the questions I get asked the most is which type of retirement account is better, traditional or Roth? The answer varies for different situations, and the best choice for you might change over the course of your life, but I will provide some guidelines with a little help from Yogi. I am…
Years ago the teacher in a college math class I was taking told a story I enjoyed. He claimed the story was absolutely true. While on vacation with his family the pilot on one of the flights decided to have some fun with the passengers by having a contest. He announced the plane’s direction of…
Several months ago I wrote about the Secret Millionaires Club, a website that teaches kids about how to start a business and how to handle money. Warren Buffett helped create the site and his character, actually voiced by Buffett, stars in the animated videos on the site. It is a great resource for teaching kids…
In fact, most of the time you should eat the marshmallow. I am referring, of course, to the famous marshmallow test conducted by psychologist Walter Mischel in which he gave young children marshmallows and told them if they waited 15 minutes to eat them he would give them another one. Follow-up studies showed that the…
