my husband, me, & our financial habits make front page of business section in washington post
February 10, 2008

wash post photo jill sean
photo by Lois Raimondo, Washington Post, 2/10/08

What a blast!

It was published today, in the Washington Post’s business section — with our happy mugs below the fold (& as the second photo in the online slideshow).

Talking with Post reporter Nancy Trejos was a comfortable, positive experience. She expressed a lot of interest in different facets of family finance, especially in the face of a slowing economy & home sales.

Thanks Shashi Bellamkonda for connecting Nancy, Sean, & me.

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Savings fable + financial planner says his clients spend, spend, spend
August 16, 2007

Stunned I say, stunned!

10 second video: how much his clients overspend per a DC-area financial planner

What drives that spending itch?

In a meeting with a financial planner this week, I asked him how much a higher income impacted one’s success at saving.

He then shared this story that knocked my socks off:

He generically referenced two of his clients — one was a grounds keeper and one was a leader at a university. Their retirement financials were similar; each wanted to retire in a year. The grounds keeper was overjoyed at the financial planner’s feedback: due to his conservative spending and aggressive saving habits, the grounds keeper could live comfortably on Social Security, with his retirement savings as buffer & as help for his grandchildren’s college costs. Yet the university leader, with a considerably higher income, agonized over his retirement nest egg. The financial planner said due to his over zealous spending habits & reluctant savings plan, he (the university leader) would not be able to maintain his living standard in retirement years. Or the other prospect was he could continue working and cut back costs.

…I promptly refrained from a Starbuck’s visit walking home.