Bad Money Advice

The headline is actually “Post Office Might Miss Retirees’ Payment” but the click-on-me teaser at the WSJ reads Post Office Nears Its First Default. The use of the word “first” not very...

http://badmoneyadvice.com/2012/07/the-post-office-is-broke.html

It has been nearly two weeks since I allowed myself the pleasure of writing about SmartMoney. That is certainly a streak to be proud of, but it cannot go on forever. I am only human. The problem ...

http://badmoneyadvice.com/2012/07/how-not-to-invest-in-real-estate.html

On Friday, there was a massive settlement in a seven year-old lawsuit between Visa, MasterCard, the banks that do business through them, and retailers. The retailers will get $7.25B in compensati...

http://badmoneyadvice.com/2012/07/how-the-visamc-settlement-affects-you.html

Friday the 13th. Time to consider all the things that are killing you. For example, are you reading this while sitting down? Well, stop it. (I mean the sitting down part. Obviously, you should ke...

http://badmoneyadvice.com/2012/07/health-warnings.html

Time to revisit target date funds. I wrote about them three years ago. Come to think of it, I did it twice. I have a lot of issues with target date funds. These are asset allocation mutual funds ...

http://badmoneyadvice.com/2012/07/target-date-funds-misunderstood.html

I am, as a general rule, an identity theft skeptic.  Of course, I know it is a real problem, I just think the smoke to fire ratio is very high. The fear, stress, and peculiar behavior that ID th...

http://badmoneyadvice.com/2012/07/id-theft-and-the-irs.html

It is July already here at BMA World Headquarters, and we all know what that means. Seasonal posts about winter and Christmas. There was Ten Ways to Keep Energy Costs Down in Winter at My Persona...

http://badmoneyadvice.com/2012/07/a-frugal-friday-fourth.html

Time to add to the BMA collection of academic studies on what makes people rich. Previous findings include that watching TV makes you poor, being smart does not help, and financial literacy class...

http://badmoneyadvice.com/2012/07/does-exercise-make-you-rich.html

Last Friday in June. Time to clean out the queue of news stories. Sleeping at the Airport The TSA has fired eight of its screeners at Newark Airport “after they were captured by surveillance ca...

http://badmoneyadvice.com/2012/06/unsafe-america.html

I know many of you have been asking yourselves, what does Frank think of all this crisis stuff going on in Europe? Is he worried about it? Should I be? The trouble in Europe has been going on for...

http://badmoneyadvice.com/2012/06/the-eurocrisis-an-american-view.html