Naming a Guardian for Y...

One of the hardest parts of drafting a will for many parents is naming who will be the guardian of their children. It’s a terribly difficult decision (after all, who could do a better job of raising the children than they could? No one, right?) So instead of making a tough choice,...

What Percent are You?...

Money Magazine’s December issue listed shares of income in the US by quintile. Here’s how they broke up: Bottom Earners: Income up to $16,358; 4% of all U.S. income Second Quintile: Income $16,359 to $32,188; 8% of all U.S. income Third Quintile: Income $32,189 to $57,212;...

Working for a Non-Profi...

The Wall Street Journal says that working for a nonprofit organization isn’t all sunshine and rainbows . Their thoughts: Lured by the opportunity to serve a social purpose—and to improve their work-life balance—corporate workers are increasingly seeking jobs with nonprofits....

Reader Profile: KD...

The following is the latest post in my “Reader Profiles” series. Each post in this series details the financial situation and challenges of an FMF reader. The purpose of this series is to help us all identify with people like us (in similar situations — not all will be,...

How to Become a License...

From the time that traders gathered under a buttonwood tree on Wall Street until the 1970s, stockbrokers were known primarily as salespersons who got rich by recommending stocks and bonds to wealthy speculators. And while many brokers still do this today, the role of stockbrokers has...

U.S. Securities and Exc...

The Securities and Exchange Commission (SEC) is a regulatory agency that oversees a major segment of the economy along with the IRS, the Consumer Protection Bureau, and the Federal Trade Commission. Specifically, the SEC oversees “Wall Street” where market activity is...

Have You Ever Worked Mo...

Here’s a startling statistic from the Wall Street Journal : 7.3 million Americans hold more than one job simultaneously according to the U.S. Bureau of Labor Statistics. I have never held more than one job at a time since I graduated college. I did have two for some time while I...

Would You Go Back to Sc...

The Wall Street Journal asks if you would go back to school if you could . In other words, would you change what you studied (and thus your career) if you could do it all over? Personally, I wouldn’t because: I enjoy the field I’m in and can’t think of another that...

Have You Ever Been Aske...

The Wall Street Journal tells the story of an office receptionist who was asked to pick up her boss’s kids at camp and then babysit them at the office until the end of the day as well as fetching his dry cleaning. She complains that this isn’t her job and wants to know how to...

How to Redeem Delta Sky...

During the last few years, Delta Airlines exited bankruptcy, acquired Northwest Airlines, and emerged as a global powerhouse. But despite their transformation, one lingering frustration for customers has been attempting to redeem their Delta SkyMiles without giving up an absurd amount of...