We've all been told that past performance is no guarantee of future returns, but it's still hard to buy an investment that has been performing poorly. We should remember the historical power of diversification and that even though something may … [Read the rest]
E-Trade's newest commercials (remember the baby?) have the basic premise of (1) you don't have enough money and (2) to solve this, you should open an E-Trade brokerage account. The Super Bowl commercial was more specific: Don't be 85 years old and … [Read the rest]
Short-term interest rates continue to rise, as are inflation expectations. Meanwhile, the megabanks make billions by pay you nothing for your idle cash. Here is my monthly roundup of the best safe rates available, roughly sorted from shortest to … [Read the rest]
With the ongoing bull stock market, more people are reaching $1,000,000 balances in their 401k every day. However, a more extreme claim is that someone reached this mark at age 45 with total employee contributions of only $300,000. Is that really … [Read the rest]
Employer-based retirement plans like the 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan are not perfect, but they are often the best available option to save money in a tax-advantaged manner. For 2018, the … [Read the rest]
Individual Retirement Arrangements (IRAs) are way to save money towards retirement that also saves on taxes. Each year, an individual's total contributions to both traditional and Roth IRAs cannot be more than a certain dollar limit. If you are … [Read the rest]
Khan Academy is a non-profit with a goal of offering a free, world-class education to anyone, anywhere. I noticed that Khan Academy was the iTunes App of the Day yesterday (Android link), and I found that they have definitely made a lot of … [Read the rest]
There are many things that can make up your net worth: cash savings, primary residence, car, IRA, taxable bonds, or private business interest. Visual Capitalist has a infographic called What Assets Make Up Wealth? that shows how this mix changes … [Read the rest]
In 2010, the tax laws were changed to eliminate the income limits on conversions from Traditional IRAs to Roth IRAs. Since Roth IRAs still have income limits on direct contributions, this opened up a "backdoor" where high-income individuals could … [Read the rest]
For many songwriters and musicians, their primary asset is the rights to their music. Instead of a house, they have intellectual property. Every time their song is bought for a film, streamed online, or aired on TV they receive a royalty … [Read the rest]
Pentagon Federal Credit Union (PenFed), the 3rd largest US credit union by assets, launched the PenFed Power Cash Rewards Visa Card in 2017. This credit card offers up to 2% flat cash back with no earning caps and no annual fee. Here are the … [Read the rest]
In our increasingly cashless world, I prefer to use credit cards over debit cards for a few reasons: Credit cards usually have better cash back, points, or rewards programs. Credit cards have additional features like free checked bags, … [Read the rest]
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