Last month, I received an email from a reader (shared anonymously with permission): My wife and I are 53, living in Texas with our two kids. We’ve built up about $1 million in stocks and retirement accounts (we got a late start!). I’m a small business owner, with pre-tax and pre-expense income around $500,000, netting ... Read more| Frugal Professor
My brother-in-law and his wife promised each of their kids a vacation to anywhere in the world upon graduating high school. My wife and I thought that was a cool idea and vaguely promised something similar to our children. The cheapskate in me secretly hoped that each of my graduating seniors would choose a tour ... Read more| Frugal Professor
Another month, another update. A few random comments.| Frugal Professor
Another month, another update. A few random comments. Good Reads/Listens/Watches We are enjoying Season 4 of Welcome to Wrexam (link). Ben Rector dropped a new album. It is great (link). Some new favorite YouTube channels: An Italian bikepacker (link). His current plans of a human powered voyage across the globe (link). Dan Cycles the World, ... Read more| Frugal Professor
Another month, another update. A few random comments. Good Reads/Listens/Watches NYT Podcast on how the much anticipated reduction in real estate agent fees has yet to materialize (link). Older Bogleheads on advice they’d give their 45-year old selves (link). WSJ on how to easily delete personal info (address, phone number, etc) from internet (wsj article). ... Read more The post Financial Update – Apr 2025 appeared first on Frugal Professor.| Frugal Professor
I’ve used Fidelity’s Cash Management Account (CMA) as my primary “checking,” “savings,” and “cash management account” for over six years. I recommend this setup to my students. I recommend it to my children. I recommend it to you. The default CMA setup is already strong. However, I’ve spent years refining it — optimizing for tax ... Read more| Frugal Professor