“I’m 53 years old and I don’t see how I am going to accumulate $7 million dollars before I retire.” “Seven million? Help me understand why that number is your target.” “Oh, I heard it’s what everyone ...

Probably the best financial advice I’ve heard is to spend less than you make. That’s as simple as it gets. For a variety of reasons, that is difficult for many people. I learned in Biblical counseling ...

I recently gave a talk to a regional Lions Club, and the questions quickly turned into a referendum on some of the oldest financial rules in the book. Peter wanted to know if subtracting his age from ...

Don’t assume you should withdraw 4% of your savings each year. Don’t assume you need 10x your salary banked for retirement. Don’t assume you need to go light on stocks in your retirement portfolio. If ...

Adding gold to your retirement plan? These allocation rules help gold investors over age 50 avoid costly mistakes.

Most financial rules of thumb have been around for decades, giving guidance like "Subtract your age from 100 to determine the percentage of assets you should hold in stocks," or, "To retire ...

To calculate a restaurant server’s tip, double the first number on the bill. A $62.47 tab gets a $12 tip. If the bill is more than $100, double the first two digits. That’s an example of a money rule ...