Archive | July, 2017
sunk cost

Don’t throw good life after bad

In business, a sunk cost is a cost that has already been incurred and can’t be recovered.  Economists tell us that we shouldn’t factor these costs in when making a rational decision about how to proceed.  Since we’re human and hate losses, however, we often use these previous costs as justification to invest more. The […]

hsa retirement

The best tool for retirement health expenses

There is a lot of uncertainty with healthcare lately, but two trends will likely continue: It will continue to get more expensive and you will continue to be responsible for more and more of the costs.  Even with Medicare, it is estimated that the typical retiree will need between $200,000 and $400,000 to pay for […]

favorite travel tools

My 5 favorite travel tools

The family and I have been traveling in Iceland for the last few weeks.  We had an amazing time (more in a future post), but I was again reminded that whoever said “The joy is in the journey” never spent much time flying coach.  If you do any amount of traveling, you know that travel […]