Don’t Fall Into The 529 Plan Grandparent Trap!
Those that follow my blog know that I’m a big fan of the 529 plan. The 529 plan is the go-to instrument when saving for children’s education. Although they are funded with after tax money the funds grow tax-free and then,…
Study shows we need to save more for retirement – A lot more!
So earlier I tackled the issue of how much to save for retirement. A lot of advisors suggest that when we strategize for retirement, we will probably need to plan on spending some fraction of our current income. In one…
Big News For Investors – No Fee Funds!
With all of the political and financial noise of this week you would totally get a pass if you missed the most important small investor news for quite some time. What’s so important? In the blog entry titled “Tale of…
How to Open a Roth IRA Even If You Don’t Qualify!
A short time ago I wrote about the Roth IRA. It’s a really sweet deal in which you save after tax income today and the money grows and is withdrawn tax-free at retirement! In 2018, you can contribute up to $5,500 ($6,500 if you’re…
What are Inflation Protected Securities?
Earlier I introduced the concept of the inflation protected securities when I wrote about Bogleheads’ investment strategies. Treasury Inflation Protected Securities (TIPS) can be purchased at www.treasurydirect.gov, in $100 increments (minimum $100 purchase) and are available in 5, 10 and 30-year…
Where should I be investing my retirement savings?
That’s a great question – and the answer is likely to depend on whom you ask; however, among the honest investment advisors there are some common themes: Start early, invest regularly, take advantage of tax privileged accounts (401K, IRAs, etc.),…
The Rule of 100 – How Much Should I Invest In Stocks Vs. Bonds?
Earlier I wrote how historically, stocks have had the greatest potential for return but also had the highest risk. Bonds offer a much safer investment but much lower returns. So the question arises – how much of my investments should…
All About IRAs
Traditional IRA vs Roth IRA What if you don’t have a 401K (403b, a “Simple IRA” or a or a SOLO 401K) at work? Or maybe you don’t like the available plan options. There are still tax-advantaged ways you can…
Max Out That Retirement Account
Assuming that your have access to a 401K, 403b, a “Simple IRA” or a or a SOLO 401K, stuff money in that account and the government will pay back 24% of what you save! How is this possible? The government…
How much do I really need for retirement?
How much do I really need to save ? Last entry we looked at how and why we need to start saving for retirement early. But how much do we really need? I guess the better question is what do…
