John C. Bogle’s Common Sense on Mutual Funds, Updated 10th Anniversary Edition is one of the most influential books I have ever read. If you are at all interested in learning more about investing your money, you need to read this book.
In November of 2004, Speaker Dennis Hastert announced that the House would no longer allow bills to be voted on unless they were supported by a majority of Republicans. Thanks to the so-called Hastert Rule, the test of whether or not to allow members of the House to vote on a bill was no longer whether there were enough votes for the bill to pass; instead, the test was whether a majority of Republicans would vote yes. The Hastert Rule means that a minority of Republicans have more power in the House than do any members of both parties wishing to create bipartisan compromise.
The verdict for this episode is: everyone involved with the disability community should learn about ABLE accounts.
The Stephen Beck Jr. Achieving a Better Life Experience Act (ABLE Act) allows people with qualifying disabilities to establish tax-free financial accounts. I’m going to answer the questions I had about ABLE accounts when I began researching them. When I discovered what I am going to share with you, I couldn’t wait to create my own ABLE account.
I will take the questions in the order I believe makes the most sense. If you have any comments about ABLE accounts, feel free to share.
David Bach’s The Automatic Millionaire is an absolute must read for anyone interested in saving money. Even though I consider myself fairly knowledgeable about money, I learned a lot from Mr. Bach’s insightful work. What really stood out to me about The Automatic Millionaire is how well Mr. Bach communicated concepts that are often hard to understand and can sometimes be intimidating.