April is Financial Literacy Month, and that means it’s a great time to get back to financial basics. You might be surprised, as you look at your financial habits, to find out how many are bad. Sometimes we get too complacent in our finances, and let things slide a little bit. Here are some things […]
Whether retirement is possible or not is an important question to ask, but many of us never stop to take a look at the big picture of our finances to answer the question. (David’s Note: Maybe we are too afraid to ask?) A few weeks ago, over dinner with friends, one of us did ask […]
A million dollars isn’t always as liberating as it seems—let’s take a look at what you CAN do with a million buckaroos.
I always assumed that we should all contribute as much as we can to our 401(k) accounts. After all, an employer sponsored retirement account allows our savings to grow tax-free, which is a major benefit, especially for those of us in higher tax brackets. Maxing out your 401(k) means contributing the maximum dollar amount permitted […]
If you have an IRA, you probably know that withdrawing before you are 59.5 is a no-no. This is because you will be hit with a 10% penalty for early withdrawal. However, there are some ways you can avoid the 10% penalty. The IRS (in publication 590) offers a number of exceptions to the rule. […]
We used to take it for granted: young people go to college, get an education that would enable them to land a good job, then start their careers. Over the course of forty years, if you’re smart and frugal and make good money at your work, you accumulate enough money to retire comfortably at the […]
