In a recent episode of Ask an Advisor, financial expert Wes Moss discussed the growing influence of artificial intelligence (AI) in financial planning and investing. As AI becomes increasingly integrated into our daily lives, its applications in financial advisory services are both promising and nuanced. Here’s a summary of how AI can be a valuable […]
In Matthew 25:14–30, Jesus tells the Parable of the Talents, a story about a master entrusting his servants with valuable talents (a unit of currency) before going on a journey. Upon his return, the master assesses how each servant managed their wealth. Two servants invested wisely, doubling their talents, while a third buried theirs in […]
A Roth IRA and a traditional IRA are both tax-advantaged retirement accounts. However, they have different rules and benefits. Here is a summary of the pros and cons of each type of IRA: Roth IRA Pros: Cons: Traditional IRA Pros: Cons: Ultimately, the best type of IRA for you will depend on your individual circumstances. […]
I just saw a web advertisement for one of many companies selling gold on the Internet. It said that “Gold is solid because it is liquid.” A phrase like that boggles my mind. Is this really true, and more importantly, is this important to an investor? This brings up my own personal golden rule of […]
If you’ve never heard of John Clifton “Jack” Bogle (and if you’re new to investing, you probably haven’t), he’s the founder of the Vanguard group and pioneer of the index fund, a kind of mutual fund with very low costs that has gained the endorsement of invest guru Warren Buffett. This is a very interesting […]
The first step to starting your retirement fund is to find a “box” where you can protect your assets from taxation over time. The next step is to fill that box. But with what? Investing can be an extremely complex topic, and for the purpose of keeping this in a single blog post, we’ll keep […]
When saving money for retirement, it’s important to know which “box” you choose to put your money in. What do I mean by “box?” In this case, it’s a term that can apply to any container for your money that will protect it from taxation — an important feature if you’re going to save money […]
I’m a cheapskate, though a more polite way to say it would be “frugal.” I like saving money wherever I can, and that becomes even more important when it comes to investing. You may have seen charts that show “compound interest” over time, demonstrating how a little money saved in an interest-bearing account can grow […]