Want to learn more about a 401(k) plan? This beginners guide will teach you everything you need to know about them and includes a 401k savings calculator.
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Following up with this lifetime of savings series, how to save money in your 20s and as well as the smart money moves one should make to save money in your 30s. Now let’s see what should be tackled in your 40s.
Some people dream of becoming landlords. They picture rent checks coming in the mail regularly from friendly tenants. Other people picture a nightmare scenario with a constant flow of shady characters who damage property and skip paying rent. While the reality is somewhere between those two scenes, renting properties can be financially rewarding for those who do their research and are prepared for the commitment.
You might feel that having a successful retirement might be out of your reach. Here are 3 important steps that you need to take in order to get back on track.
I loved watching The Price Is Right growing up (my favorite games being Plinko and the game where you punch the board to reveal the card with an amount of money listed). Now whenever I get the chance to watch it as a grown up, it is on my TV, even though it just isn’t the same without Bob Barker. In any case, I was watching recently when I realized that you could learn a lot about investing by watching The Price Is Right. (Yes, I did write before about learning personal finance from watching The Bachelor. What can I say, I can relate personal finances to anything!) Here are five things The Price Is Right teaches us about investing.
A few years ago I created, and subsequently have modified a number of times, a spreadsheet for tracking and managing my retirement goals. In many ways, the spreadsheet is the heart of my book, RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.
When it comes to investing, there is no formula to success. There are many different profitable investment styles, thus we cannot say “just do X, Y, Z and you’ll be a millionaire”. However, we do know what doesn’t work – we know which investment styles / strategies lead to failure. So the joke here is that once you’ve discovered everything that doesn’t work (aka lost quite a bit of money), you’ll know what does work.
When it comes to retirement investing, there are two main type of accounts available. They are tax-deferred and tax-free. Understanding the differences between these types of accounts can help you make better decisions about your retirement investing.
One of the issues that politicians, pundits, and financial professionals are concerned about is the "retirement crisis" that seems to be afflicting the country. If you are interested in getting your feet wet with retirement, one possibility is the MyRA, which was recently introduced by President Barack Obama during his 2014 State of the Union Address.