People who aren’t saving for retirement share a common excuse: “I want to enjoy life now. After all, I could get hit by a beer truck tomorrow.” On the flip side, compulsive savers max out 401(k)s and IRAs while living with six roommates and … [Read more...]
Which Retirement Account Is Right For Me?
June 23, 2010 By
Unless you’re new to the personal finance scene, you probably already know that you should be socking away a good deal of money into one of those handy-dandy retirement accounts to prepare for your future. This is especially true for the … [Read more...]
Should You Borrow Money to Invest for Retirement?
April 16, 2010 By
Two Yale Professors want you to borrow money to invest in the stock market. Economists Ian Ayres and Barry Nalebuff first pitched the idea in a 2005 Forbes column called Mortgage Your Retirement. Their philosophy is this: Young people should take … [Read more...]
How to Start Saving For Retirement
March 15, 2010 By
Perhaps you heard it from your parents, some guy you know who "really has it together" or maybe you've read it on a blog like this one. Regardless of where you got the advice: You know that it's never too early to start saving for retirement. That … [Read more...]
Four Common Investing Mistakes
February 17, 2010 By
Savvy investors know that a single mistake can wipe out months—even years—of solid returns. And beginning investors often make their share of the same four common blunders. In fact, tactics for identifying and avoiding these investing missteps … [Read more...]
Roth IRA Conversion: Not for Everybody
January 18, 2010 By
If you want to get the most bang for your retirement-buck, it's time to read up on an popular but confusing tax-saving tactic, the Roth IRA conversion. A Roth IRA conversion allows you to pay income taxes on money you have invested tax-free in a … [Read more...]
What To Do If Your Employer Doesn’t Offer a 401(k) Plan
December 23, 2009 By
About 75 percent of Americans have done at least a little saving for retirement. Yet only 55 percent of full-time employees in America contribute to an employer-sponsored 401(k) or 403(b) retirement plan, according to reports by the Employee Research … [Read more...]
Open Your First IRA
November 11, 2009 By
There are a lot of reasons to open an individual retirement account (IRA). If your employer doesn’t offer a retirement plan, offers lousy investment choices, you’ve maxed out your 401(k), or simply want greater control over your retirement … [Read more...]
23 Things Beginners Absolutely Must Know About Saving for Retirement
October 27, 2009 By
Whether you're just starting your first "real job" or have been in the workplace for a few years but haven't gotten around to saving for retirement yet, listen up: it's never too early to start building a nest egg. Statistically, young workers are … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 