Larry Frank

Personal Finance, Retirement, Investing
“As an MBA and CERTIFIED FINANCIAL PLANNER™ Practitioner, I help people make sensible plans for a successful retirement. My objective with people is to get them first to, and then through, retirement.”

Better Financial Education

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Larry was born in Duluth MN, and grew up in Cloquet MN. He has a B.S. cum laude in Physics from the University of Minnesota and a Master's Degree in Business Administration (MBA) from the University of South Dakota with a concentration in corporate finance and investments. 

Larry retired in 1994 from the United States Air Force as a commissioned officer after a career as a Command Pilot where he flew helicopters, high performance acrobatic jets, and internationally to 47 countries on five continents with large multiengine aircraft. He was also a contingency and war planner during his career as a field grade officer. In addition to flying, Larry served on the Joint Staff at US Southern Command in Panama forming contingency plans for ousting Noriega, is a veteran of the First Gulf War 1991, and served as a Contingency Mobility planner at Scott AFB IL during Haiti, relief operations in Somalia, and Bosnia-Herzegovina.

Larry has years of financial planning research and real-life experiences showing people personal finance choices that are focused on how to make smart decisions to work towards growing and protecting their wealth, not income. Rather than make things complicated, his work has been focused around simplifying the complexities of prioritizing simultaneous financial planning issues, and their related calculations, so the person's living is sustainable.

A Registered Investment Advisor and a Certified Financial Planner™ practitioner, Larry is also the author of Wealth Odyssey, a book designed to help people make sensible plans for a successful retirement and pursuing their other goals by understanding how financial planning issues are related to each other through wealth. He has research published in the Journal of Financial Planning related to retirement planning. 

Larry has served on the Board of Directors for the Financial Planning Association of Northern California, and has appeared in nationally syndicated articles and on nationally syndicated radio. He currently has syndicated columns that appear online at Forbes, Morningstar, The Motley Fool, Business Insider, the Online Investor, and many more.

Larry is a member of the Academy of Financial Services. Larry is also a member of National Association of Personal Financial Advisors (NAPFA), a national association of Fee-only advisors.

His hobbies include reading and travel, especially to El Salvador where he met his wife, Rosa Maria Cáceres. They live in Rocklin, CA and have four children and seven grandchildren.

They speak spanish in their home. Ellos hablan español en su hogar. Larry's blog can be found here.


BS, Physics, University of Minnesota
MBA, Corporate Finance and Investments, University of South Dakota

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Disclaimer can be found here.

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August 2017
June 2017
    Personal Finance

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    Debt, Personal Finance, Real Estate
How would a mortgage pre-approval vs pre-qualification affect my credit score?
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The Consumer Financial Protection Bureau (CFPB) has a good short description as to the difference.

Within that article is a link to their discussion as to what happens to your credit

I quote their article in its entirety here for you so you don't need to try to find it:

"What exactly happens when a mortgage lender checks my credit?

The credit check is reported to the credit reporting agencies as an "inquiry." Inquiries tell other creditors that you are thinking of taking on new debt. An inquiry typically has a small, but negative, impact on your credit score. Inquiries are a necessary part of applying for a mortgage, so you can’t avoid them altogether. But it pays to be smart about them. As a general rule, apply for credit only when you need it. Applying for a credit card, car loan, or other type of loan also results in an inquiry that can lower your score, so try to avoid applying for these other types of credit right before getting a mortgage or during the mortgage process. Learn more about credit scores.

You can shop around for a mortgage and it will not hurt your credit. Within a 45-day window, multiple credit checks from mortgage lenders are recorded on your credit report as a single inquiry. This is because other creditors realize that you are only going to buy one home. You can shop around and get multiple preapprovals and official Loan Estimates. The impact on your credit is the same no matter how many lenders you consult, as long as the last credit check is within 45 days of the first credit check. Even if a lender needs to check your credit after the 45-day window is over, shopping around is usually still worth it. The impact of an additional inquiry is small, while shopping around for the best deal can save you a lot of money in the long run. Note: the 45-day rule applies only to credit checks from mortgage lenders or brokers – credit card and other inquiries are processed separately.

You can check your own credit with no impact on your score. When you check your own credit – whether you’re getting a credit report or a credit score – it’s handled differently by the credit reporting agencies and does not affect your credit score. If you are applying for a mortgage and haven’t already checked your credit report for errors, do so now. You can get a free copy of your credit report at If you find any errors, get them corrected as soon as possible."

Wishing you the best as you investigate your home purchase options.

March 2016
    Career / Compensation
Do I need to take the Series 63?
100% of people found this answer helpful
June 2016
    Retirement, Retirement Plans
Which retirement account offers the highest interest rate?
100% of people found this answer helpful
June 2016
    Banking, Retirement Savings, IRAs, Retirement Plans
What can we do if the bank doesn't know where our IRAs are?
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April 2016
    Debt, Marriage / Divorce, Real Estate
My unfair divorce is causing me great debt, what should I do?
100% of people found this answer helpful
March 2016