Archive for the 'Personal Finance' Category

Whole versus term life insurance discussion on Bogleheads forum

Friday, December 7th, 2007

Some readers probably already know that I am into the “buy-term-and-invest-the-difference” philosophy as far as life insurance is concerned. I am especially disgusted with financial advisors who peddle whole life insurance just to line their pockets and often doing it without any regard as to whether the whole life insurance is suitable for the client […]

Obopay adds monthly fee

Friday, November 2nd, 2007

I first read about Obopay from Jonathan’s MyMoneyBlog. I went for it, applied and got some free cash out of it. However, I could not really find much use for the account.
Yesterday, I received a letter in the mail saying that they are adding a $4.95 monthly maintenance fee to the account starting from Nov […]

Flexible spending account : which income earner should contribute?

Monday, October 29th, 2007

It’s that time of the year again to select the enrollment and elections for various employment benefits for the next year 2008.
One of the many decisions to make is whether to contribute to the flexible spending account (FSA) and the related dependent care FSA. For many people, it usually makes sense to contribute to […]