The Roth IRA conversion is still in effect. If you have been by my blog, you have probably seen that I have written numerous articles talking about the Roth IRA conversion. For 2010 there was a lot of hoopla about it, so I wanted to make sure that my readers and my clients had a […]
Should You Pay Off Debt Or Save For Retirement?
If you are in debt and behind in your retirement savings, where do you stick your cash? Do you hold off on contributing to retirement accounts until you are completely debt free?
4 Big Money Mistakes To Fight This Year
Here are four problem areas that have the potential to blow up a financial plan.
Lending Club Update: Returns Slowly Increasing As Higher Risk Loans Added
My Lending Club returns have continued to improve since I started adding loans for people with lower credit scores, but good jobs and income – and higher probability of paying off their loans. Details of what I’m doing here.
Give The Gift Of Stock This Christmas: Help Someone Build A Solid Financial Foundation
A few weeks ago I published my post called “75 Frugal Gifts You Can Give For Christmas“.  The post was an extensive list of frugal gift ideas, gifts that people could buy or make for their loved ones, but not break the bank. One of my favorite gift ideas from the list was one that […]
ShareBuilder By Capital One Review: Discount Online Brokerage
I‘ve been looking into the many options available to me lately when it come to discount online brokerages. It seems like just about everyone has a service that they like best, and that they prefer using. The first one I had heard recommended was OptionsHouse, which I reviewed last time. It had a good mix […]
2011 Traditional And Roth IRA Contribution Limits And Phase Outs
At the end of October the IRS released their 2011 IRA contribution limits. If you have a Roth IRA (and you should), you’ll want to keep a close eye on the amount you’re allowed to contribute each year, because from time to time the amount does go up. When it does, you want to make […]
Are Americans More Financially Secure This Year Than Last? Or Just Being Optimistic?
The past few years have been tough ones for our economy, with the market dropping, unemployment skyrocketing, and other general economic indicators not being too favorable. A lot of people have lost a lot of their net worth during that time, and many of them were on the point of despondency because they didn’t know […]
What Is The Best Place To Open A Roth IRA?
As my wife and I go through the Dave Ramsey’s 7 Baby Steps, we’re finally completing step 3, building 3-6 months of expenses (although we decided to save closer to a year of expenses), and we’re now entering step 4 where you are to invest 15% into Roth IRAs and other pre-tax retirement accounts. While […]
Lending Club Update: Still Making Good Returns, But They Could Be Better
I‘ve been investing in Lending Club for quite some time now, and so far I’ve been extremely happy with the experience. I’m getting a good return on my money, while at the same time helping others to get loans at lower rates than they might have otherwise been able to obtain. I really do think […]
Nearly A Quarter of Fidelity’s 401(k) Accounts Have Loans Against Them. Why This Is A Bad Idea.
A while back I wrote an article about 401k loans and taking early withdrawals from your retirement account. I talked about the penalties you could face, and explained why I think it’s a bad idea. This week I was reading some economic news and came upon an article on Reuters.com that gives a startling statistic […]
What Is An Economic Bubble Anyway?
It seems nearly every financial publication released today has the term “bubble” in it somewhere. Many of us know it’s a bad thing, but what does it really mean and how do they happen? Do they truly have an effect on the average consumer? Hopefully we can clear up the confusion of what an economic […]
Online Retirement Calculators: More Harm Than Help?
People often ask me to point them to a decent online retirement planning calculator. I never do. You see, I don’t trust such calculators. It’s not that their math is wrong. (At least, not usually.) The problem is that their calculations are often based on shoddy assumptions and unknowable variables. You Know What They Say […]
Roth IRA Withdrawal Rules
The Roth IRA is a wonderful investment option that many people take advantage of every year mainly because of it’s tax free growth and because it allows you to diversify your tax situation at retirement if you also invest in some pre-tax investment types like a 401k or IRA. While the ideal situation is to […]
