Bear with me while I climb on my soapbox for Financial Literacy Month. I’ve been wanting to do it ever since I read a recent “squaring off” feature in The Wall Street Journal that presented two opposing views on the question, “Should College Students Be Required to Take a Personal Finance Course?” Taking the “no”
A few years ago, the adult daughter of a deceased client of Indianapolis estate attorney Brett Carlile showed up in his office, distraught. After her father’s death, she discovered he had dozens of credit cards, with debts totaling nearly $40,000. She was stunned. “My dad didn’t live like this,” she told Carlile. It turned out
It’s a good idea to keep your tax returns indefinitely. You can usually toss supporting documents three years after the filing deadline. The IRS generally has to initiate an audit by then. But there are exceptions. Some tax experts recommend holding on to your records for at least seven years. Among the most important
Over the last several years, I’ve paid off hundreds of thousands of dollars in debt and went from the precipice of bankruptcy to a path toward financial independence. I went from a career that depressed me to a completely different career that fulfills me. I did all this while undergoing major changes and challenges in
During the last year, my wife has made the choice to get her masters degree in order to not only improve her professional skills but also increase her range of employment opportunities and income. I’m glad that she’s doing it and I’m fully supportive of her doing so. We can afford to pay for this
Being financially responsible in the modern world comes with a particular set of challenges. One of them is the fact that we are, as a society, inundated with luxury options. We have experiences and items available to us in such a breadth and depth that have never existed before in the history of the world.