About Lou Carlozo

Based in Chicago, Lou Carlozo is a personal finance contributor for Reuters Money, a columnist with, and a former managing editor at AOL's Contact him with story ideas for Money Under 30 at, or follow him via LinkedIn and Twitter (@LouCarlozo63).

Roboadvisors Vs. Live Financial Advisors: Which Option Is Best For You?

It’s been over 100 years since Nikola Tesla guided an iron-hulled boat across an indoor pond at the recently-completed Madison Square Garden. That vessel, Tesla boasted, contained "a borrowed mind.” A PBS documentary on Tesla called it the dawn of the … [Read more...]

4 Life-changing Money Lessons From Behavioral Economists

You've likely heard of behavioral finance (or behavioral economics) -- an academic field at the crossroads of psychology and economics that attempts to explain why we human beings do irrational things with our money. Behavioral finance got its s … [Read more...]

10 Questions To Ask Your Financial Advisor

I made a good move, if somewhat accidental, when I moved my 401(k) into a vanilla IRA after I was laid off from my job in 2009. The timing couldn’t have better. As the Great Recession wiped out many retirement accounts, my money held the line and d … [Read more...]

Cut The Clutter And Keep Your Receipts Organized With Shoeboxed

Almost no one likes tax time, and for the past two years my receipt tracking system has been a cluttered sight to behold. It consists of this: a dozen plastic toy bins repurposed as receipt holders. While the bins are marked for different categories … [Read more...]

10 Tips To Help You Start Investing

A whopping 93 percent of Millennials are wary of investing, according to a Capital One ShareBuilder survey released to CNN Money. The reasons vary -- from a distrust of markets to a lack of investing knowledge -- but the sentiment has real effects … [Read more...]

How Upstart Gives Loans To Young Adults Without Credit Scores

There’s been a lot of attention paid to peer-to-peer lending sites such as Lending Club and Prosper. And it’s true, each one offers a lightning-quick application process, with potential approval coming right on its heels. But other than the sky … [Read more...]

How To Choose An Online Bank: 7 Features To Look For

Personal encounters that previous generations took for granted have either disappeared entirely, or are getting pretty darn close to extinction. Wherefore the milkman? The telephone company operator? The research librarian? And, with ever-growing … [Read more...]

DIY Car Maintenance Every Adult Should Know

The first car I owned, I wish I still had. It was an oldie but a great-ie: A metallic, twilight-blue 1977 Chevy Nova with a “three-in-the tree” stick shift mounted on the steering wheel, even though it operated with a clutch. That Nova boasted anot … [Read more...]

The $1 Million 401(k): Investing Strategy For 20- and 30-somethings

Your 401(k) could easily make you a millionaire. By making small, regular investments starting in your 20s or early 30s, your savings will grow tax-free over 30 or 40 years. While opting in to make 401(k) contributions is the most important step you … [Read more...]

When, If Ever, Is It Time To Consider Bankruptcy?

Not so many years ago, I stared tremendous debt in the face, a direct consequence of losing my full-time job and failing to check my spending. And so for the briefest of moments, I considered bankruptcy. It didn’t take long for the financial gurus … [Read more...]