When Renting Is Smarter Than Buying a House

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Conventional wisdom says that buying a house is smart and renting is a waste of money. After all, why would you spend your money paying down someone else's mortgage? And this is largely true if you plan on staying in your home forever. But it breaks down over shorter time periods, and in many cases renting is actually the financially savvy move.

How to Choose the Right Investments Within Your 401(k)

How to Choose the Right Investments Within Your 401(k) thumbnail

Choosing the right investments within your 401(k) can be confusing. Your options are limited, and companies don't always make it easy for you to even figure out what those options are. But you deserve to make the most of your 401(k), so in this post you'll learn how to choose the best 401(k) investments available to you.

The Mega Backdoor Roth IRA

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If you're already maxing out all of your retirement accounts and you'd like to save even more money in a tax-advantaged way, this one's for you. The Mega Backdoor Roth IRA allows you to contribute up to $36,000 per year to your Roth IRA, on top of your other retirement savings, without any income restrictions. Interested?

The Smart Way to Use Target Date Retirement Funds

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Done right, target date retirement funds make it easy to implement an evidence-based investment strategy that maximizes your odds of success. But not all of them are good, and even the good ones can be used incorrectly. This post explains when you should use them, when you shouldn't, and how to pick the right target date fund for your personal goals.

Is It Better to Cut Back and Save or Earn More and Live?

Is It Better to Cut Back and Save or Earn More and Live? thumbnail

Should you focus more on cutting back and saving or earning more and living your life to the fullest? I was asked that question recently and it's a good one, because I actually identify with both perspectives. Both can be helpful and both can be harmful if taken to the extreme. Here's how I would balance the best of both worlds.

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