Is a 401(k) plan worth it? This is a question on the minds of many people trying to decide if this retirement account offered through their employer is better than other savings options like an […]
I think I qualify as a near-retiree. Frankly, I could afford to stop working now, if we were willing to give up our dream home and move back to our previous house (that […]
We owed thousands more than we owned: What’s known as having a negative net worth. And making less than 60% of the median income at the time, things didn’t look good for the future. Fast forward many years, and […]
You’ve seen them. Over and over and over again, so-called personal finance gurus railing against debt. But as I pointed out before, they’re dead wrong (in most cases). That’s why rather than being concerned, I’m […]
The venerable 4% rule isn’t as unassailable as many people think (as Ben Le Fort points out in this article). Image Credit: Prostock-Studio / istockphoto. Definitions and Origins of the 4% Rule The 4% rule says […]
Although mortgage interest rates have recently pulled back some, they’re still historically low. When rates were lower yet, I decided to refinance the mortgage on our home. I reached out to the mortgage guy I’ve been […]
I was in my early 30s and finally managed to scrape enough money together to start investing. I picked a high-flying mutual fund from PBHG. For a while, it made me look like a genius, repeatedly returning […]
If you want to succeed in business, you need to set financial goals. But more than that, you need to set the right ones. How do I know? After all, I was never going to […]
There’s no two ways about it. Prices are moving up … for some things, by over 50% in the past year! A handy website shows the history of monthly U.S. inflation numbers from 1914 to 2021. […]
The US Bureau of Labor Statistics (BLS) tracks thousands of prices and folds them all into a weighted average they call the consumer price index, or CPI. SPONSORED: Find a Qualified Financial Advisor 1. Finding […]
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I love simplicity. But sometimes, even if you avoid the trap of over-simplifying things, the simple answer is far from easy. Case in point: the $1,000-a-month savings retirement rule. If you’re not sure what that is, here’s a quick explanation, […]
We had just moved to the U.S. Both of us were 30, and we had two toddlers. We needed to have enough money to buy a used car and some cheap furniture. To raise that money […]
How much you need in a designated emergency fund depends on many factors, not least of which is your level of non-discretionary expenses.