Obama's Financial Forms Revealed These 4 Questionable Choices

The White House released 2014 financial disclosures for President Barack Obama on Friday.

The forms reveal a wealthy president with multiple sources of income and heavy retirement investments in Vanguard — a favorite of the "slow and steady wins the race" investing crowd — but they also reveal a few questionable decisions made by the leader of the free world.

President Barack Obama speaks about the economy, Thursday, Oct. 2, 2014, at Northwestern University in Evanston, Ill. (AP Photo/Evan Vucci)

1. He's paying way too much for his mortgage.

Obama is paying an interest rate of 5.625 percent on the 30-year mortgage for his Chicago home, valued between $500,000 and $1 million.

As the Daily Mail noted, the going rate for such a mortgage these days is less than 4 percent — meaning the Obama family is overpaying thousands of dollars each year.

Obama might follow the lead of his second-in-command.

Vice President Joe Biden is also paying down a mortgage on a home worth between $500,000 and $1 million on his home, but he's only paying an interest rate of 3.375 percent.

2. He might have way too much — or way too little — in his checking account.

The president reported two checking accounts, each with between $1,001 and $15,000 in them.

A $30,000 checking account balance would likely be a waste — checking accounts typically return paltry interest rates — while a $2,002 balance might be dangerously low, depending on what bills Obama might have set on auto-pay.

3. He has invested incredibly heavily in Treasury bills.

Obama holds more than $1 million in Treasury notes, plus more than $250,000 in a Treasury bond individual retirement account (IRA).

With Obama having total assets between $1.9 million and $6.9 million, upwards of 20 percent of his assets are dedicated to Treasuries.

Given lackluster Treasury yields — less than 3 percent for 30 years, even lower for shorter terms — it seems likely Obama's money could be earning more elsewhere.

4. He's planning to pay big bucks for his daughters' college educations.

While he plans to make community college free for the rest of the country, Obama is gearing up to make the Ivy Leagues free for his daughters.

Obama has between $200,000 and $400,000 stored across four different 529 college savings plans.

That's potentially enough to fund each of his daughters at $50,000 per year for a four-year degree — well above the national averages.

The annual tuition, fees, room and board at the average public university run nearly $33,000, while private schools are closer to $42,000 (though a majority of students receive scholarships or financial aid that reduce those costs).

Malia, a 17-year-old high school junior, has been touring such pricy, prestigious universities as Brown, Princeton and Harvard, while Obama's other daughter, 14-year-old Sasha, is a few years from the college decision-making process.

See the full disclosures below:

2014 Obama and Biden Financial Disclosures

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