Archive for: Investing

DRAFT App Review: Simple Portfolio Analysis For Every Investor

Comparing yourself to others isn’t always healthy. For example, you’ll be happier if you’re grateful for the things you have instead of envying the things your friends have. But in some situations, such as analyzing your investment portfolio, compa … [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 Is It Time To Hire A Financial Advisor?

From time to time I get emails from readers who have realized that they need financial help that goes beyond reading blogs and books. Some readers’ finances have suddenly grown more complicated, either as the result of a new job or an inheritance, … [Read more...]

How Smart Investing Could Significantly Lower Your Taxes

This is a sponsored post written by me on behalf of E*TRADE for IZEA. All opinions are 100 percent mine. Here’s a riddle: Jennifer and Mark are both 30-year old, single Americans with no kids. Jennifer and Mark both earn exactly $60,000 a year. Bu … [Read more...]

Should You Delay Retirement Contributions To Pay Off Debt?

Conventional wisdom says you should always make saving for retirement -- through a 401(k), IRA or other plan --  a priority, especially when you're young. Just look at this powerful example of how compound interest can make anyone a milli … [Read more...]

5 Easy Ways To Start Investing With Little Money

The single most important part of investing is getting started. Life is all about habits, and if you never get into the habit of investing, you could be financially impaired for a lifetime. One of the primary reasons why people don’t start investing i … [Read more...]

How We Save: Acorns Co-founder Jeff Cruttenden Wants To Make Investing Easy For Everyone

A parent’s shining example can not only shape a life of financial discipline, but also cement a career path for passing on that knowledge to other millennials. But who says you can’t have a little fun while you’re at it? Jeff Cruttenden works along … [Read more...]

If You Still Don’t Believe In The Power Of Compound Interest, You Have To See This

Student loan debt. Lousy job prospects for recent grads. Wage stagnation. High costs of living. Do you ever feel like -- when it comes to getting ahead financially -- the deck is stacked against you? True, it's not easy being a 20-something in … [Read more...]

The Backdoor Roth IRA: How To Open A Roth, Even If You Earn Too Much

If you’ve already maxed out your 401(k) contribution and have an income that tops the IRA tax-deduction and Roth contribution limits, you may think you’ve already exhausted your tax-advantaged options. What most people don’t know is that there’s one m … [Read more...]

Stop! Never Withdraw From Your 401(k) To Pay Creditors

A reader recently wrote us asking, “My husband had a serious medical issue last fall. We owe several different providers $84,000 in total. We have 401(k)s from our jobs (my current one and his old one). Can they legally take our investments? We have n … [Read more...]