Why you Shouldn’t Retire Early – Even Though you Want To

Early retirement: the horse is out of the barn

Retirement sounds lovely for most people: no boss, no schedule, no problems… There are a million reasons you may want to stop working, even if you don’t hate your job – you might just want to enjoy a life of active leisure while your body is young enough to cooperate. You might not even think […]

Why Diversify?

A diversified portfolio is like a balanced diet. Unless you're gluten-free...

You may wonder if it really makes sense to diversify your money among different types of investments. Why not pick what you think will do best and let it ride? During 2013, diversified portfolios did poorly. If you’d invested only in US-based stocks, you would have done better than a diversified investor. Those bonds and […]

Fill the Reservoir to Save for Retirement When You’re Self-Employed

This reservoir is at low water, for now.

If you’re self-employed, you probably can’t count on a steady paycheck. But you still need to save for retirement, so how can you make that happen? This is Part 2 of a series for business owners. Part 1 compares several different types of retirement accounts for self employed individuals. People with “normal” jobs have it […]

What I’ve Been Reading – Week 4

Beach Trees

I’ve read a lot of great articles online over the past few weeks. Here are a few of my favorites: Rob Carrick has been looking at the big picture. Retirement isn’t just about saving money so you can spend it for life – it’s about life. PK from DQYDJ has a fantastic introduction for anybody […]

Solo 401k vs. SEP, SIMPLE, and IRA

When you’re self employed, you’re in charge of everything. That includes every aspect of running your business (the operations and requirements of your industry) as well as performing “additional” functions that most people never think about. For most wage earners, life is easy because employers provide workplace benefits. Creating your own retirement plan is one […]

What I’ve Been Reading – Week 1

CliffDwelling

Happy New Year! Here are some of the great reads I’ve come across over the past week or so: Stacy Johnson does a great job handling a question many ask: can’t I just get rich daytrading? Glenn Ruffenach sheds some light on the complexity of retirement planning. It might cost less than you think. Ree […]

What to Look for When You Review Your 401(k)

Review your 401k

Although it might seem like a chore, reviewing your 401(k) from time to time doesn’t have to be painful. The best way to save for retirement is to let things run on autopilot, but you can’t completely set-it-and-forget-it. A periodic review will help ensure that you’re on track, and you can review the most important […]

What I’ve Been Reading – Week 52

Good reads

Happy Holidays! Here are a few of the most interesting articles I’ve read recently. Is Money in a Savings Account Depreciating? David Andrew explains why it’s important to distinguish between long-term goals and short-term needs What if you over-contribute to a 401k? Mistakes happen. Dough Roller explains what to do if you’re fortunate enough for this to […]

Preparing for Retirement? Be Flexible

Gumby is flexible when planning for retirement

This may or may not make you feel better, but you’re dealing with a moving target when you prepare for retirement. It would be easier if you could know with certainty how things are going to go down, but the fact is that you can’t. Knowing that, you can build some flexibility into your plans, […]

What I’ve Been Reading, November Hiatus

See you here in December

Each week I try to share some great content from other sites. There is a lot of good stuff out there, but here are a few of my favorites: The MakinSense Babe reminds you that the stock market can reach new highs even though the economy stinks Worried about a vampire attack? Maybe you should […]