The new Trump Accounts, where eligible newborns receive a $1,000 government contribution, are now open for business. If we are talking specifically about college funding, which account is the better choice? The answer is the 529 plan. The 529 plan remains the premier investment vehicle for saving for college tuition. So how does it compare to the new Trump Account? First, we have to separate retirement planning from college planning. The Trump Account appears to assume that t

Spirit Airlines has long played a significant role in the airline industry. It served as a lower-budget alternative for travelers and was often referred to as the “bus with wings.” As the largest ultra-low-cost carrier in the U.S., its presence helped keep pricing competitive. As of this past weekend, however, it is no more. At first glance, this may not seem like a big deal. Especially if you typically fly with airlines like American or Southwest. Unfortunately, the removal

Unfortunately, lay-off announcements are becoming more common. While mass layoffs may not be happening everywhere, if you lose your job, it feels just as significant. When that happens, a series of events begins to unfold, and it is time to get busy looking for your next career opportunity. I will cover that in my next Prudent Perspective. I will also write about the steps to take before a layoff occurs. It is prudent stewardship to be prepared rather than trying to get pre

We have been talking about financial procrastination, with a large percentage of Americans putting off important things they need to accomplish today, not tomorrow.  We put things off for a reason. This mostly comes from facing the fear that is causing financial procrastination. That's a subject for another time. I challenged listeners to focus on the actions they need to take today to begin ridding their lives of financial procrastination. In short, it comes down to makin