35 Billion Ways to not be Jeff Bezos

You might have seen recently that the King of Amazon, Jeff Bezos got into some trouble and ended up in divorce.  While the details of the settlement are not disclosed, it looks like he did not have his wealth in a trust.  And all of his Amazon shares seems to be in his personal name.  This means his ex-wife is going to end up with around $35 Billion.  But don’t cry too much for Jeff, he should still be worth over $100 Billion when it’s done.  His mistress has now announced she is also getting divorced, so you know Jeff will be making some post-divorce moves before he ties the knot again. While you might not have billions on the line, here are a few things you should do after a divorce. 1. Check Your Beneficiaries– Most people list the beneficiaries on their 401(k), IRA’s, and insurance policies when they set up the accounts and forget all about them.  While ...

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You Lost $24 Billion In 16 Days Mr. Government?

According to the USA Today (10/18/2013), the 16 day Government shutdown cost the economy jobs, delayed mortgages, and lost retail sales.  The numbers aren’t fully in yet, but it is purported to be at least 12 billion dollars and possibly as much as 24 billion dollars for the stalemate that took place in Washington, D.C. over the past several weeks. As a 22 year veteran financial advisor, you don’t advise someone to take out a Target store card right after they have maxed out their Sears and Nordstrom store cards.   We all know that piling up lots and lots of credit card debt is simply an unsustainable way to manage a financial budget.  What we all don’t know today is when the balloon will burst. It’s not a smart money move to lose 12 billion, let alone 24 billion, but I’ve come up with my list of things that we could have done with 24 billion. We could have handed ...

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