Kristina Kaufmann

20 Flips | 4 Magazines | 11 Followers | @km0kaufm | Keep up with Kristina Kaufmann on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Kristina Kaufmann”

The 4 Fundamental Priorities For Financial Success

This week I had a discussion with Michael Bateman, the President of BJO Capital Management, who is also a longtime friend and the administrator of the 401(k) plan for our Fishbowl employees. We talked about the challenges of the current economy and the resulting stress so many individuals (and …

5 Reader Confessions: My Biggest Money Mistake

You may think that there are people out there who’ve got it all together with their money—who <i>never</i> make a false move.<p>Well, you’d be wrong.<p>The truth is that hardly anyone is perfect when it comes to their finances. Even the most financially savvy of us make mistakes.<p>In fact, a report from the …

What My Dad's Death Taught Me About Money

The moment that I felt utterly incapacitated didn’t happen as I signed the end-of-life paperwork. Nor did it hit me when men from the Richmond County morgue came to take my father away.<p>The fact that my life had instantly transitioned into a foreign, new reality was finally processed for me when my …

Is A $3 Million IRA Sufficient For Retirement?

President Obama’s understanding of financial planning is fundamentally flawed. In his latest budget, the chief executive proposed a cap on tax-preferred retirement accounts. An individual’s total balance could not accumulate over $3 million. This total would include the sum balances of a …

Five Ways You Sabotage Your Savings

“Save more” is a bit like telling people to lose weight. It’s obvious advice, usually welcomed with nodding and guilty smiles. You know it. I know it. We all know saving should be part of our lives.<p>Getting started, even in a small way, can breed the confidence to do more. Saving, like eating well, …

Don’t Pay for Your Kids’ College and Their Report Cards Will Thank You

“Eighty percent of the final exam will be based on the one lecture you missed about the one book you didn’t read.”<br>–Unknown<p>It is an unshakable mantra …

New Study Using IRS Tax Data Shows Rich Are Staying Richer, Poor Poorer

A groundbreaking new study concludes that the rich became permanently richer and the poor permanently poorer from 1987 to 2009. Five economists, including one from the U.S. Treasury and two from the Federal Reserve, used data from nearly 34,000 working age households’ 1040s, W-2s and Social …

Planning For Retirement When Savings Fall Short

For most Americans, the math for a comfortable retirement may never add up.<p>According to recent census figures, Americans ages 55 to 65 had about $45,000 in savings and assets, not including their homes. In another survey, by the Employee Benefit Research Institute, 57 percent of American workers …

Balance Transfer Credit Card Guide – and Featured 0% Balance Transfer Credit Card Offers

Would you believe me if I told you one of the easiest ways to eliminate your credit card debt is to open a new credit card account? It sounds a …

7 Questions To Test Your Financial Literacy

Did you know that April is Financial Literacy Month? With taxes fresh on your mind and spring cleaning in the air, it’s as good a time as any to brush up on your financial literacy. After all, as we’re required to make more and more financial decisions, financial literacy is becoming almost as …

4 People Dish: How I Spend My $60,000 Salary

<i>By Kaitlin Butler</i><p>There’s a reason why guests look in the medicine cabinet.<p>Not you, of course. <i>Other</i> guests.<p>It’s human nature to want to get a peek at how other people live. (Reality TV, anyone?) It helps us to feel as if our mistakes aren’t all that unusual—that our best efforts are good enough to …

Investors Place Big Bets on Widespread Housing Recovery

Investors are picking up shares of appliances, building materials, and even pickup trucks in betting on a widening housing recovery, <i>The Wall Street</i> …

It’s Not Just Active and Passive, but Behavioral Finance That Best Meets Clients’ Needs | ThinkAdvisor

For decades, finance professionals have argued over the merits and drawbacks of active versus passive investment management, but in today’s world, …

Beware of your inner self

On a visit to the London School of Economics in 2008, the Queen asked the assembled professors why nobody had seen the financial crisis coming.<p>Her …

What is Behavioral Finance?

Business, Education & Technology Journal, Vol. 2, No. 2, pp. 1-9, Fall 2000<p>9 Pages Posted: 9 Mar 2001 Last revised: 27 Nov 2008<p>Goucher College - …

Florida International University

Fuel Your 401(k) with the Secrets of Behavioral Finance

I used to be the prototypical bad investor. I paid far too much attention to financial news. I bought and sold on a weekly basis (sometimes daily). I …