Our oldest son is now 16 years old and in the midst of driver’s ed. We’ve had him out driving with him on a (fairly) regular basis, but he went out for his first, formal “behind-the-wheel” instruction this past week. And everyone survived. 😉
We’re also working our way through State Farm’s “Steer Clear” program, which will provide us with an insurance discount once complete and (hopefully) make him a safer driver. Or at least that’s the plan.
My son is a bit skeptical of the program — he views it as little more than busy work. I’ve thus had to remind him that insurance companies earn their keep by accurately pricing risk. As such, they won’t offer you this sort of discount on a whim.
And now… Here are some articles that caught my eye this past week:
- Interesting Financial Statistics for the Average American — Did you know that 7.7% of Americans don’t have a bank account? Or that 40% of working Americans aren’t saving for retirement? Sad but true.
- What Readers Say About Long Term Care Insurance — LTCI has been a God-send for my parents but many others never get their money’s worth.
- What’s My Marginal Tax Rate? — Do you know your marginal tax rate? It may be more complicated than it seems.
- Mutual Funds: Know What You’re Paying For — A nice overview of mutual fund expenses and their effects on your portfolio.
- Ten Market Guarantees for 2014 — Hard to imagine any of these being wrong.
Finally, in case you’ve been living under a rock, stocks just finished their best year in a long, long time while gold just finished it’s worst year it’s worst year in an even longer time. One was up almost 30%, the other down a similar amount.
That’s it. Hope you had a great weekend and that your year is off to a great start!