We personal finance writers really do eat our own cooking.
I don’t mean that in the metaphorical sense in which it is usually used – the question of whether we follow our own advice is complex. But when 25 of us got together recently for a potluck meal, we found that we all literally ate a lot.
While we were socializing, we did a little informal survey of our own financial behavior. Promised anonymity, participants from the most well-known magazines, wire services, websites and newspapers answered questions about how we invest for retirement, manage credit, buy insurance and more when our own cash is on the line.
I’m happy to report that for the most part, we do the same things we tell our readers to do. One exception: While many of the participants said they recommend target date funds to readers and relatives, the vast majority of participants do not put their own money in target date funds.
“I probably would if I were starting today,” said one.
Here are more insights into how a statistically insignificant but influential group of personal finance journalists handle their own financial decisions.
Read More At Reuters.
