How Much Do I Need to Retire?
“The art is not in making money, but in keeping it.” – Proverb How much do I need to retire? Should I increase the riskiness of my portfolio to make sure that I have enough money to retire? How much...
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How to Use Compound Interest to Your Advantage
“Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.” – Albert Einstein “Someone is sitting in the shade today because someone planted a tree a...
View ArticleEmergency Savings vs. Debt Repayment
“A bank is a place that will lend you money if you can prove that you don’t need it.” – Bob Hope Common sense reader mailbag: I have am building up my emergency savings fund but I’m sick of seeing such...
View ArticleI Have No Retirement Savings. Where Do I Start?
“The reason saving comes before investing is that you need to have seed before you can sow it in anticipation of a harvest.” – Rajen Devadason Common sense reader mailbag: My wife and I are in our 30’s...
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How Do You Earn Higher Rates on a Savings Account?
“The return OF capital is more important than the return ON capital.” – Old Investing Proverb Common Sense Reader Mailbag: I’m getting sick and tired of earning such low interest rates on my savings...
View ArticleShould I Save More in My 401(k)?
“I’ve got all the money I’ll ever need, if I die by four o’clock.” – Henny Youngman Common sense reader mailbag: I would like to increase the percentage of my salary that I put into my 401(k) but I’m...
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How Do I Pay For My Children’s College Tuition?
“Education is what remains after one has forgotten everything he learned in school.” – Albert Einstein Common sense reader mailbag: I have two young children. How will I ever be able to afford to send...
View ArticleSaving and Investing With Smaller Amounts of Money
“Bart, with $10,000, we’d be millionaires.” – Homer Simpson I was recently helping a family member set up a Roth IRA because she wanted to invest a small amount of money on a periodic basis. She...
View ArticleShould We Be Forced to Save For Retirement?
“In an ideal world everyone would generate sufficient savings on their own to help fund their own retirement. However most of the data shows that Americans are simply unable to do this on their own.” –...
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Saving Just 1% More
“Human nature tends to lead us to Best Case Scenarios. The problem is that it takes only one Worst Case Scenario to disrupt the entire Scenario Market. The “what ifs” of retirement are, by their very...
View ArticleSaving for Retirement 101
“I have always believed there are no shortcuts to greater understanding. You simply have to work through the basics.” – Robert Hagstrom Someone recently asked me to put together a simple, easy to...
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The Real World Retirement Calculator
“To make reliable decisions you must always weigh how right you think you are against how sorry you will be if you turn out to be mistaken.” – Jason Zweig One of the most difficult financial planning...
View ArticleDo Your Need $1 Million to Retire?
“I don’t believe people who say they don’t care about money and I don’t trust people who care too much.” – Doc Ford According to the World Wealth Report there are a total of 12 million individuals that...
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You Control What Matters Most for Retirement
“I look to the future because that is where I’m going to spend the rest of my life.” – George Burns Morningstar’s John Rekenthaler had an interesting article recently that discusses what matters most...
View ArticleThe Government Shutdown & Your Emergency Savings
“A pile of emergency money is about preparing for the unexpected—and it’s about peace of mind.” – Jonathan Clements The Washington Post had an article this week highlighting the struggles of some of...
View ArticleWhat’s Wrong With This Retirement Plan?
“The more complexity there is in the market, the more that something simpler stands out.” – John Maeda Fidelity Investments, the behemoth mutual fund company that oversees nearly $4 trillion in assets,...
View ArticleWhy Scary Retirement Stats Don’t Work
“Step by step. I can’t see any other way of accomplishing anything.” – Michael Jordan “Habit is habit, and not to be flung out of the window by any man, but coaxed downstairs a step at a time.” – Mark...
View ArticleLosing Weight, Saving & Decision Fatigue
“Reduce decision making. Think about the routine things that can be made automatic—from what you eat for lunch to where you live.” – Dr. Michael Joyner Personal finance people love to compare losing...
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Are Pensions to Blame for the Retirement Crisis?
“The first and biggest driver of your total wealth at retirement is simply the amount of money that you managed to save, in total, over the course of your working life. The more money you put away, and...
View Article3 Reasons to Save More Money
“Sometimes the questions are complicated and the answers are simple.” – Dr. Suess Saving is by far the most important first step in any investment plan. Without a solid savings portfolio your...
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