There are several risks that investors in Target Date Funds should be aware of when investing, and our tips for using them in your portfolio.
A look at how to make $1,000,000 by breaking it down into monthly saving goals and using retirement accounts and other tactics.
401(k) limits tend to increase each year. If you want to max out your retirement account, check out the 2018 and 2019 401(k) contribution limits.
Want to retire early? You don’t have to be rich to do it. Here are 5 real ways to make early retirement a reality.
We compare the most popular solo 401k options from providers such as Fidelity, Vanguard, Schwab, Etrade, and more to show you the best prices.
HSAs can double as a secret IRA and allow you triple tax benefits so that you can save for the future in a tax deferred account.
I’m a big fan of methods and orders of operations for doing things. I think that it is essential to have a set plan for executing tasks, especially long term tasks like saving for retirement. But what’s the best way to go about funding retirement? What is the proper order to save? Remember back in […]
By the time retirement rolls around, most Americans have saved less than half of the amount that experts recommend. Instead of being an unprepared statistic, make a resolution to max out your retirement savings, and let compounding interest bolster your savings. The IRS changes annual retirement contribution limits each year. As a result, it can […]
It’s one of the worst moments that can happen to you while working – getting laid off and losing your job. And guess what? The job market and economy is still weak and millions of Americans don’t have a stable job. Even big companies, like Wells Fargo, are announcing layoffs. In fact, I was just […]
If you are a recent college graduate you have an amazing opportunity. If you are willing to take a few simple steps now, you’ll have a much easier time preparing for retirement than people 10 years senior and older. Right now, you may not make as much money as people who have been at it […]
As most young adults make the transition from living at home and going to school, to getting their own place and landing their first jobs; many of their parents are starting to make the transition from working full time to retirement. This can be a challenging time for both parties, but if you arm yourself […]
Planning your financial future can be vague, but here are some tools, questions, and resources to help you understand and plan for your money future.
One of my biggest focuses to build wealth is simply earning more money. For many, that involves creating a side hustle. For some, that side hustle or passion can turn into a full time gig. In some cases, that can turn into something very lucrative. I’ve always been curious about how to become self employed. The thought […]
The dream of retiring early – it’s a dream shared by many millennials. Millennials are a generation that don’t really like working for “the man” and want to setup their lives on their own terms. As such, the structured nine to five world is a bit demoralizing and creates a culture of wanting escape. But […]
Auto-escalation of 401(k) plans is the new trend in saving for retirement with more plans offering opt-out auto-escalation for employees.
Individual retirement accounts (IRAs) are great vehicles for investing in for retirement. However, as with anything the government creates, they don’t always make it easy to navigate the ins-and-outs of the product. If you currently have an IRA, or are thinking about starting to invest in an IRA, make sure that you don’t do these […]
Here are four personal finance tips that I wish I knew at 18 before I made these common financial mistakes. Learn from my stories.
You’ve heard the sayings from every personal finance pundit: max out your IRA each year and contribute to your 401(k) to the maximum. And all of these are great tips to some extent. But, depending on your personal goals, you could be saving too much for retirement. Yes, there is such a thing as saving […]
If you’re new to investing, the sheer number of options you have can be more than overwhelming. You not only have to decide what to invest in, but you also have to determine what type of account to open and where to open it. This is the predicament I’ve found myself in. You see, I’ve […]
In the last year traditional financial advisors have started to be replaced by technology at a more rapid pace. At first this can seem like a scary thought – computers having the ability to give financial advice? Then when you give one of these new platforms a try you’re more than pleasantly surprised. Financial advising […]
Maximize your money. Be prepared for retirement. Create good, sustainable financial habits. You can accomplish all of this by laying out a strong financial foundation in your 20s. Since you’re likely just starting out, developing good money habits now will be a lot easier than trying to change bad habits later. Here are six income […]
Last year, I created a guide to help you get out of your student loan debt. Because it was so successful, I thought I would something similar with starting to invest for retirement. With all of the different acronyms, strategies, and tools out there, how would anyone know where to start? In an effort to […]