eFinPLAN Blog

Here you'll find no-nonsense advice to help you understand and manage every one of your pennies - from how to budget yourself out of debt to tips for selecting the right kind of insurance. We write every word ourselves so you'll know that the information you read here is accurate and practical!

13 Year End Tax Tips to Save You Money

Categories: Giving, Invest, Taxes

13 Key things to consider before the end-of-year to save taxes Overview.  This article will help you Take the Mystery out of Personal Tax Planning by providing some year-end tax savings tips.  (This article does not include special issues that relate to business or self employment). This is to serve as a general guide to help you… Read More »

How to Thrive Financially after Graduating College

Tips to Thrive Financially After College: Taxes, Spending and Financial Planning The Big Surprise for Recent College Graduates College students are now graduating with more debt than ever, loan payments can be crippling as they enter an economy where almost everything has increased a lot in cost, like food and gasoline. Graduates right out of… Read More »

A Review of Monte Carlo Simulation

Categories: Invest, Plan

Conventional retirement projections in most retirement financial planning software packages and calculators looks at everything the moment you enter it, such as your goals, assets, benefits, and expenses coupled with assumptions for taxes, rates-of-return and inflation. Since this is just a calculation it doesn’t measure probability of all of the many variables that could possibly… Read More »

How to Start Planning For Retirement

A retirement plan is not your 401(k); therefore, just because you may be a part of an employer-sponsored retirement plan, it doesn’t mean you have a retirement plan. Some people think their retirement plan is their 401(k) or Roth IRA or something like that. Those are just types of retirement accounts–labels on special accounts. They are like one… Read More »

Important Financial Articles from the Web – Nov

Important and Interesting Financial News and Articles from the Web Open enrollment for ACA Obamacare 11/15: If you didn’t sign up last time you can soon, already covered: renew/change, from the New York Times Retirees and real estate, decisions and planning implications, often overlooked but important, from Market Watch Financial planning data worth noting: Social… Read More »

How to Buy a Great Used Car for Under $5,000

Friends Don’t Let Friends Get Ripped Off On Cars A friend of mine was considering a used car, so they went around to several different used car lots. One in particular markets to people with low credit ratings, they show you a nice shiny looking car and quote a payment, and then push hard for the close. One… Read More »

Hyundai and Kia Fined Again for Nearly $300M For Overstated Gas Mileage

Lack of Corporate Integrity for Kia and Hyundai? The Impact to Personal Finances? Deja vu for Kia and Hyundia: It was almost 2 years ago to the date, of the announcement that Hyundai and Kia overstated gas mileage ratings for over 900,000 autos sold since late 2010 and into 2012. Today, on election eve November… Read More »

Expert Tips on Overcoming Financial Planning Barriers

Spot & Overcome Financial Planning Barriers The Society of Actuaries sponsored a study of financial planning for the Financial Literacy Group titled Barriers to Financial Advice for non-affluent Consumers. It was a pretty extensive white paper, and an article I wrote was quoted in this study. Obviously, they were looking for qualified authorities in this… Read More »

Why is the Luxottica Eyeglass Monopoly a Rip Off for Customers?

Categories: Spend

Avoid Eye Glass Rip-Offs and Save Money 60 Minutes article “Sticker Shock: Why are glasses so expensive?” is about what seems like, could be a monopoly in the eye-glass industry.  The story highlighted the largest company in the vision industry, Luxottica. It seems they severely inflate the cost we pay for eye-wear for corporate profits. Eye-glasses and frames only… Read More »

What are the Pros and Cons of Being Rich?

Wealth and Happiness In the back of our minds, it seems as if a lot of us have a desire to be rich. This thought reminds me of Tevye. The central character in the Tony (10) Award Winning Play, and Oscar (3) Winning Movie, Fiddler on the Roof, Tevye shows us his interesting story about poverty… Read More »