My families decision to focus on paying off a 2.75% mortgage sounds more and more mathematically stupid every day. Interest rates are now in the 2-3% risk free range. Today I’ll talk about how the math isn’t just a straightforward comparison – and how money is more than just math.
This is the time of year where people are debating whether they should use tax software, head to a tax center, or hire a CPA. One year I decided out of desperation to hire a CPA – and it backfired, big time. Come read more about that story, and all the mistakes I made, so you can avoid them.
It may be time to rethink the value of the old advice of your mortgage being “good debt” because it’s deductible. With the limits on state and local tax deduction, and the increase of the standard deduction, the mortgage deduction bar just got a whole lot higher. Lets explore.
Today I have another letter to my boys, where I tell them why my top investing tip is “index and chill”.
Jack Bogle, founder of Vanguard, and creator of the index fund, recently passed away. Although we never met, no other person had shaped my financial life quite like him. In honor of his life, I wanted to reflect on how I came to, left, and returned to Vanguard in the early 2000’s – never to leave again.
The Fyre Festival is the hottest new documentary on both Netflix and Hulu. This weekend, I watched them both – and have four key lessons to share with you.