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HERE’S YOUR CHANCE to help others with your financial insights. To comment, log on using your username and password from Disqus, Facebook, Google (Gmail), Twitter or WordPress. For more on how to comment, click here. And please come back often. We’ll be regularly updating the list of questions.

Which banks, brokerage firms and other financial companies would you recommend to friends?

"I’ve used Fidelity for 30+ years. Got away from brick and mortar banks and consolidated all with Fidelity about 20 years ago. I can get all the Vanguard funds via ETF. I use Synchrony for high yield savings. I maintain an account with a local credit union for cash deposits"
- Harold Tynes
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What are your top financial worries?

"LTC. This has taken too much thinking and analysis from me. I’m only 51 but want to set things so I don’t have to worry about them later. I guess I’m lucky that this is one of the last things to sort through before calling it quits from a career standpoint."
- Edwin Belen
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What popular financial advice do you ignore?

""Buy indices no matter what's in them or how they are priced"."
- Purple Rain
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What should investors do about the possibility of higher interest rates?

"Fixed-income investors should be excited! Didn't expect to read that, did you? Of course bond prices fall when rates rise, all else equal, but with a bond fund, new higher-yielding holdings slowly replace lower-yielding maturing bonds. Wouldn't it be great to have an environment 10+ years down the line when you can invest in an aggregate bond fund and earn a positive real yield of perhaps 2-3% like the good ole days? If you periodically invest in bonds now, maybe you will stand to benefit in that scenario. Coming back down to the reality of today, bond investors have to step out on the risk spectrum in search of decent yields. Emerging market bonds, US high yield debt, floating-rate bonds--all are popular options. You can also invest in Series I bonds or even Series EE bonds that have virtually no risk. High dividend stocks and closed-end funds (which use leverage to really juice the yield) may seem like decent options, but a year's worth of dividends can be wiped away after a couple days' trading."
- Mike Zaccardi
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Should children be paid for doing chores?

"I think it’s a mix of obligations around the home and pay for certain jobs beyond the routine. Helping shovel a large snowfall would qualify for some pay, walking the dog not. When I ran a small business from home I paid the children to stuff, sort and stamp mailings. Also depends on if there is an allowance or not. No allowance may qualify some pay for chores."
- R Quinn
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What’s the best financial book you’ve ever read?

"The Single Best Investment - Lowell Miller https://mhinvest.com/umbraco/api/MHIAPI/GetDocumentByName?docName=SBI_Single_Best_Investment_Miller.pdf"
- Purple Rain
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If you couldn’t buy index funds, how would you invest?

"DFA Funds in my 401(k) accounts. Dividend Growth investing in my taxable accounts and IRAs."
- Purple Rain
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Which financial tasks do you find most irksome?

"My first career was a CPA specializing in tax, but I don't even do my own taxes anymore. They are all but impossible to do without software. Fortunately, my daughter is a CPA."
- Richard Gore
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What everyday purchase do you consider a bargain?

"There is a Par 3 golf course close to where I live. Each Saturday morning, my friend Dave and I spend $10 each to play a round. I find it a great way to unwind from a week of work and Dave and I spend a leisurely two hours playing golf and discussing everything and anything while enjoying a good walk."
- Benjamin Benavidez
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Is term life insurance always better than cash value?

"My own personal experience is that it helps to diversify term and permanent life insurance. My wife and I bought term insurance primarily when we had large mortgage debts that we wanted to cover. A 20 year level term policy was perfect to cover our mortgage debt. We bought some permanent whole life policies that were paid off when we reached retirement (age 65) because we no longer wanted the insurance bills in retirement. These started as term insurance policies that we converted to permanent insurance about age 50, because life insurance is tax free and we wanted to leave money for any potential estate taxes. The best policies we bought were variable universal life indexed to the Vanguard S&P 500 stock index. We bought these when we were young enough to get a very low cost of insurance, but most of the monthly premium goes to an S&P 500 index fund, which has compounded significantly over the decades. Part of our rational was we could always take a policy loan against those compounded earnings if we ever needed emergency funds. We still contribute a small amount per month (around $100) but the compound earnings from the S&P 500 index fund are a large multiple of that."
- Bob Wilmes
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What items would you happily buy even if they were twice the price?

"First off, it'd be so hard for me to keep buying anything if it were twice the price. I'm awful when it comes to anchoring to an initial price! A quality used car might fit the list. I have purchased pre-owned vehicles off Craigslist a few times, and all have been good experiences. My target buy price is about $5k. If I could have high confidence the 'new car' would last me 10+ years with safety and minimal non-routine maintenance, I might do it. Of course, I want to pay the market price and no higher :) Another good one is the cost of an additional AAA membership when there is an existing family plan. It's very affordable with good benefits."
- Mike Zaccardi
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If money were no object, what would you change about your life?

"I have no major regrets, for my life and choices, other than staying in a job(s) and field that I grew to dislike. The job(s) offered great pay and benefits but little satisfaction and a tremendous amount of stress. In hindsight, I should have chosen to leave this profession earlier than I did. I retired early, but some of the job-related stress may have resulted in some PTSD trauma that I'm trying to slowly address."
- Cathy Moriarty
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