Know What You Are Getting Before You Pay
All too often do we hand money over to strangers and not know exactly what we are getting. As a result, we find that we paid for something that did not satisfy the reason we paid for it in the first place. In other words, we bought something that we don’t understand. If it is [...]
Review: Scottrade Online Discount Brokerage
For more than two years, I’ve been using Scottrade, an online discount brokerage. When I first decided to start investing, I managed to have only $500 to mess with. So surely, I couldn’t afford the high commission fees from brokerages such as Charles Schwab, TD Ameritrade, and Fidelity. While Zecco was offering free trades, I [...]
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 [...]
