Category Archives: Investing

The Need To Invest

The Need To Invest

When it comes to investing, the younger generation is falling behind. And who can blame them? For most, they witnessed the tail end of the great bull market in the 1990′s, only to witness the stock market come tumbling down during the dot com bust. So what should younger investors do? It’s easy to say “just invest”, but there has to be a good reason to otherwise, they will continue to sit on the sidelines. Here is how to play it safe while still investing in the stock market.Continue Reading

Three Simple and Proven Methods to Save ENOUGH for Retirement

Three Simple and Proven Methods to Save ENOUGH for Retirement

Young adults struggle with retirement planning – as they should. For a recent college graduate, there way too many variables to accurately predict their retirement costs. Some people attempt to simplify the calculations by saying to use a percentage of your income, but we all know that doesn’t work (and if you don’t click on that link to learn more). Others use other rules of thumb like having 25 times your current expenses in savings (which is the same as the 4% safe withdrawal rate). While these are great starting points, they don’t cover everything. I have several proven patterns that you can follow (assuming you are financially able) to make sure you are saving enough.Continue Reading

To Refinance or Not to Refinance, That Is the Question

To Refinance or Not to Refinance, That Is the Question

Owning a home is a big responsibility. Along with the cost of maintaining the home, you also have the sizeable mortgage to worry about. If you are like many Americans, making your monthly mortgage payment can at times be difficult. If you want to save a little money every month when it comes to your monthly house payment, or want to cash-out a portion of your home’s equity to pay off some of your other debt, you may want to consider refinancing.Continue Reading

Roth IRA Withdrawal Rules

Roth IRA Withdrawal Rules

As I mentioned briefly in the Roth IRA Comprehensive Guide, there are several unique rules for withdrawing money from your Roth IRA. If you are considering using a Roth IRA OR don’t know what a Roth IRA is, I recommend you go to the guide and read through it to get a better understanding of it before getting into the details of withdrawing money from a Roth IRA.Continue Reading

Investment Opportunities for Graduates

Investment Opportunities for Graduates

It’s never too early to think about investing in your future. But just how do you go about doing this? As a recent graduate, you’re in a unique position in terms of finances. Starting a career in your field means you’ll likely be making more money than ever before. The next step is to think about how to invest your earnings to really maximise their potential. However, with all the investment options out there, it can be difficult to determine just where to put your hard-earned cash. Continue Reading

Best Investment Advice: Avoid the Next Fad

Best Investment Advice: Avoid the Next Fad

It is with great hesitation that I release one of my darkest secrets from my childhood. This will not only give you an opportunity to laugh at me, but learn from my mistake as it applies to investments.Continue Reading

Do You Want To Be Sexy or Rich?

Do You Want To Be Sexy or Rich?

When it comes to investing, you have two real choices: do you want to be sexy or do you want to be rich? You may be asking yourself what does being sexy have to do with investing? A lot actually. Read on for an explanation.Continue Reading

Can Life Insurance Be Part of a Retirement Plan?

Can Life Insurance Be Part of a Retirement Plan?

I’m only 26 years young, but that doesn’t excuse me from planning for my retirement. As I have shared my simple retirement plan before, many of you know that I am taking action right now in a few ways: wife’s 403(b), two Roth IRAs, and real estate. There’s nothing unusual about my retirement plan – other than the fact that I am ahead of the curve. But, there is one element of my retirement plan that I don’t talk about very often.Continue Reading

Fund Your Retirement: Know Your Options

Fund Your Retirement: Know Your Options

Retirement doesn’t have to be a stressful time where you have to stick to a tight budget so you don’t run out of money. If you start early and you save smartly, you’ll be set up for a relaxing and luxurious retirement. It’s good to understand your basic options before you start talking to your financial planner or your employer. Decide which strategy is appropriate for your lifestyle, and don’t fully depend on social security. Here are five retirement options to help you fund your post-work life. Think about combining some of these options for the best payout. Continue Reading

Do You Know Where Your Money Is?

Do You Know Where Your Money Is?

How many jobs have you held since you turned 20? Did you know that the average number of jobs held by a person in their 20’s is seven? I was shocked when I saw that figure. In many cases, these people opened up a 401k plan while at their job and then left it with their old employer when they started a new job. If this includes you, you have some options. Here are your four options with dealing with your old 401k plan.Continue Reading