In April of ought six, I pondered two options for saving for my kids’ college: the 529-plan I have and Washingon State’s 529 program, Guaranteed Education Tuition (“GET“). At the time, I concluded my existing 529 would have a better expected return because the expected returns over my relatively short investment horizon (10 years) would […]
Get versus 529 redux Read More »
(See my update on this topic.) We have a 529K college savings program set up for my kids through the State of Missouri program administered by TIAA-CREF, soon-to-be Vanguard. Its investment options are turnkey bundles based on age ranges. In the initial years, the investment selection is aggressive. As college-time nears, the portfolio’s mix shifts
GET versus MOST – 529 plans Read More »
I’m coining a new term, fomplicated, to describe a product that requires deliberate intervention and expertise from a customer beyond what any sane human being would consider reasonable. The word is a contraction of a well-known English expletive rhyming with firetrucking and the word “complicated.” Although it’s applicable to a variety of things, I’ve been
For you newly-minted pilots who have asked me, “should I buy an airplane?” I offer a quick rule of thumb, based on my ten years in general aviation, four years of ownership, and MBA: No. Okay, now that we’ve gotten that formality out of the way, here is some insight into the costs of acquisition
Airplane ownership Read More »