Simple. Honest. Personal finance.

In an Emergency, How to Borrow Money From Your IRA

On Feb. 14, Money Under 30 ran my column about the five (and only five) times it might be OK to tap a retirement account. Little did I know at the time that I'd soon put one of those scenarios to the test. In that column, I interviewed Eleanor … [Read more...]

Should I Contribute More to My 401k?

One of the most common questions we get asked by budding investors is how much they should contribute to their 401k plan; more specifically, should they be contributing more? For most, the 401k is going to be a first introduction into retirement … [Read more...]

What To Do When You You’re Over Roth IRA Income Limits

If you're single and make more than $127,000 per year or married and jointly make more than $188,000 per year, you are over Roth IRA income limits and are no longer eligible to contribute to a Roth IRA. If this strikes a chord with you — c … [Read more...]

Scottrade Review: A Friendly Online Broker for New Investors

One of the most common questions I get here on Money Under 30 is: "I want to start investing but I don't know where. How do I go about opening a brokerage account or IRA account?" Fortunately, the answer is fairly easy. Just invest! I point … [Read more...]

Should You Pay Off Debt Before Investing?

One of the biggest decisions you're going to face when beginning to invest is whether or not to pay off debt first. Looming credit card debts, student loans and mortgages have large appetites that demand attention and eat away at savings accounts … [Read more...]

Turn up the Volume (And the Profits): How to Invest in Vintage Guitars

The adult world of investment requires lots of study, discipline and patience. But does it rock? Though I avoid absolutes when it comes to investing, I declare this without fear of error: No stock, bond or title ranks as cool as an investment you … [Read more...]

Get Your Money Out of Savings and Invest for the First Time

If you have money lounging around in a savings account because you have no idea what to do with it -- you're not alone! I know you're not apathetic, you just can't decipher the information through the cacophony of Wall Street. I'll show you how to … [Read more...]

The Bizarre World of Bitcoin Speculation: Should you Invest?

This column concerns a hacker, a McDonald's napkin, a coinage that looks like something you'd use to operate the skee ball machine at Dave & Busters and an economic meltdown in Cyprus. Many of these details we can verify; some we can't. But this … [Read more...]

Retirement Saving: From $0 to $1 Million on $30,000 a Year

Ah, retirement. If you're square in the crosshairs of our Money Under 30  demographic, then "Money After 65" is all you can think about, right? We didn't think so. But the facts are beyond dispute for anyone who wants to accumulate wealth over … [Read more...]

Funny Money: Estate Planning Myths And Why You — Yes, You! — Need a Will

In your twenties, it’s easy to put things off. After all, you’re young, invincible and have all the time in the world. Retirement savings, medical check-ups, returned phone calls to mom and credit card balances all seem like they can wait for another … [Read more...]