Helping You Untangle Your Life and Create Your Best Life
The hardest part of personal finance is that it is personal. A solution that is one size fits all does not exist; each and every single one of us is different. Add on top of that the possibility that there can be multiple right answers for each person and you can quickly see why managing [...]
Men and women are different. I don’t think anyone would argue this, in fact many books have been written about these differences. Since we are different should women invest differently for retirement than men? Yes and No. How can it be both you might wonder? The investing basics do not change. Allocations, diversification, the use [...]
Another investing term that you need to get used to and understand (yes there are tons of them): Mutual fund turnover ratio. The turnover ratio is how often the fund is buying and selling stocks. It is a percentage of the assets that change over a specified time period, typically a year. I like to [...]
You have your financial goals set, you are ready to start building up your savings but you have one problem – you don’t know where to save your money. Not to worry here is a quick guide on where you should put your money for the five most common savings goals, and where not to [...]
As a whole American’s have been saving less and less. Back in the 1980’s our savings rate was in the double digits, but each passing year it went lower and lower. In October or 2001 it was a measly .9%. While we are a bit better today, November 2012 was 3.6%, this is not even [...]
You just got a raise at work and paid off all your debt. Now you can’t wait to start a new IRA in addition to maxing out your 401K. Sadly you quickly learn that you don’t meet the requirements to deduct your IRA contributions and you make too much to open a Roth IRA. So [...]
As you are setting up your retirement plan there are many decisions that need to be made that will end up impacting your net worth. Deciding if you should count your companies 401K match as part of your saving goal is one of those decisions that can make a significant difference in the success [...]
If you are blessed enough to have a 401k at your company then you might also be blessed enough to have a 401k match. A 401K match is when your company will contribute extra money to your account based on what you invested. (Not lucky enough to have a 401K read: How to Create [...]
When talking about investing you may frequently hear about indexes and index fund investing. Yet you may be wondering if this is just another investment fad or if it could have a place in your investment portfolio. Following we are going to give you a look at what indexes are, what index funds are, the [...]
Our retirement system is broken. The concept of retirement is new. Up until the industrial revolution you worked until you died. Pensions did not exist. You saved, families supported multiple generations and you were ultimately responsible for yourself. Pensions as we know them today did not become common until World War II. When Social Security [...]
