Hindsight is 20… Okay, we know that saying so let’s skip the crap. Today is the last day of the year decade. Is there anything you wish you did this decade that you didn’t? If you could turn back time, how will your goals be different? I read somewhere before that most of us overestimate […]
If you have ever received advice on investing your money, chances are you’ve had the benefits of diversification drilled into your brain. “Diversify and rule” was my college economics professor’s one-line strategy for managing his retirement portfolio. Corny but true. The virtues of diversifying your investments have been borne out by mathematics, finance and plain […]
I have credit card debts to pay off, student loans to service, bills to pay and a down payment to save up for. I can’t afford to save for retirement. Sound familiar? With all these obligations, how the heck are we supposed to start saving for retirement, something that could be decades away?
Even high income earners are eligible to make a Roth IRA conversion starting in 2010. To sweeten the deal even more, those who elect to make the transfer can spread out the taxes owed in years 2010 and 2011. But how does the roth IRA conversion work? What are the consequences? Consider This Before Making […]
If you want to be happy in retirement, having a million dollar nest egg hardly gets you there. All over, financial planners advise us to have a certain figure in mind when it comes to retirement. “Based on your current salary, you need $1.2 million by 65”, they might say. But yet, as history has […]
Reading can really open your eyes. In some cases, it can even make you jump off your chair and yell NO WAY. An article in the recent Money magazine really caught my attention. …by 58 (when the couple wants to retire), [they] will have $1.7 million…That should get them most of the way, but there […]
