Personal Finance And Investing

29 May 2009

Debt and Moral Hazard

While we struggle to try to return to “business as usual” in America, we gloss over how things have fundamentally changed.

The current economic situation represents not necessarily a fundamental shift, but the eventual realization of moral hazard. We’ve rewarded the wrong kind of behavior for too long and lost sight of sound decisions making.

Is it too late to return to sound practices?

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17 May 2009

Analyzing Health Insurance

Choosing appropriate health insurance can be very time consuming. Comparing different plans can be like comparing apples and oranges. Ultimately scenario comparisons can be one of the best ways to determine which health plans make the most sense for you.

Doing some simple math can help you save hundreds of dollars. What seems like the “best” plan can often be much more expensive and simply guarantee that your medical costs will be high. You need to always bear in mind that insurance is not an opportunity to get free health care, but instead a way to prevent catastrophic loss.

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