MoneyUnder30.com

Q&A: What Rate of Return Should You Use for Retirement Planning?

Q: What rate of return should a 20- or 30-something use when using a retirement planning calculator? (They are often preset to 6 or 8 percent). And does that include inflation? Depending on the assumptions I use, I get drastically different answers. … [Read more...]

The Five (And Only Five) Times it Might be OK to Tap a Retirement Account

Back in November, I spotlighted a letter from a reader who agonized over a debt dilemma that involved his retirement savings. "Nick from Michigan" wanted to tap his 401(k) to pay off $12,000 in credit card debt, but couldn't pull the trigger. I … [Read more...]

How Do You Balance Saving for Retirement With Other Goals?

It’s perhaps the biggest financial quandary facing every young saver: Personal finance advice –- including our own --- implores you to save as much for retirement as possible. But the younger you are, the more likely you have other important goals ahe … [Read more...]

What’s Your Number?

-- What’s your number? -- Excuse me? -- The amount of money you would need to be able to walk away from it all and just live happily-ever-after. See, I find that everyone has a number and it’s usually an exact number, so what is you … [Read more...]

Find Your Saving Sweet Spot

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 eating … [Read more...]

Which Retirement Account Is Right For Me?

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 t … [Read more...]

Should You Borrow Money to Invest for Retirement?

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

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...]

Should You Save First for Retirement or a Down Payment on a House?

Last week, a long-time reader e-mailed a superb question: If you must choose, should you save first for retirement or save for a down payment on your first home? Obviously, both are important. The younger you are when you start contributing to a … [Read more...]

Four Common Investing Mistakes

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 are amo … [Read more...]