The Road to Retirement Includes More Than Just Yourself
As a guy in my early 20′s, the scope of my financial concerns does not extend far beyond myself and my immediate family. Being the independent person that I am, I seem to have adopted a selfish outlook when it comes to my future with money. When I look at my parents, hard working immigrants [...]
Why I Chose a Roth IRA Over a Traditional IRA
Roth or Traditional? For many latecomers to the retirement game, this question is a puzzling one. For me, it was simple – the Roth IRA. Why? Because my mom said so. I kid, of course. The appeal for the Roth IRA has been contagious ever since it came into existence in 1998. Personal finance gurus [...]
No 401k, Maxed Out Roth IRA, What Else Do You Use to Save?
The rare dilemma of having too much money and where to put it next is a dilemma that we all wished we had. For those who are able to resist splurging on the newest gadgets and fashion with the intent of saving for the future, you may have exhausted all possible financial retirement vehicles – [...]
The Roth IRA: In Terms You’ll Understand
An IRA (individual retirement account), not just the Roth IRA, is a mysterious creature to most young adults. We hear “retirement” and immediately think of an old man and woman sitting on rocking chairs on the front porch of their cozy home. What twenty-something-year-old wants that image in their heads when they’ve still got plenty [...]
Why Index Funds Mean Fewer Headaches and Worries
“Pick index funds over actively managed funds” have always been the conventional advice. Actively managed mutual funds would often carry higher risks in hopes of higher returns. There is nothing wrong with adding risk to one’s portfolio but most experts continue to support diversification with funds that track certain indexes. An article on Yahoo Finance [...]
