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.Read more…
Maybe It’s Okay Not to Save for Retirement Right Now
Posted February 14, 2017
People like me tend to recommend saving as much as you can for retirement starting as soon as you can. The intention is good. After all, math. Saving money early on is the most effective way to ensure that you’ll have more of it later on. But it’s not always realistic when you have young kids. So, could there be a different approach?Read more…
The Simple Path to Wealth
Posted June 21, 2016
Today I’d like to tell you about a book that my friend Jim Collins has just released and that I think is worth reading by anyone interested in improving their financial situation. It’s called The Simple Path to Wealth and it covers investing and the road to financial independence, but not in the way that most books talk about these things.Read more…
How Much Does Financial Freedom Cost?
Posted April 26, 2016
Financial independence is the freedom to make decisions based on what makes you happy instead of what makes you money. It’s the ultimate financial goal AND you can get there a lot sooner than you think. So, how much money do you need to be fully independent? And how much financial freedom do you already have? Let’s run the numbers…Read more…
The Backdoor Roth IRA: How High Earners Can Get Tax-Free Money in Retirement
Posted November 10, 2015
If you’re a high earner, you may have heard that you can’t contribute to an IRA. And you’d be justified in feeling like that’s a pretty raw deal. After all, you work hard for your money and you want it to work hard for you. Lucky for you, there’s a way around the rules and it’s called the Backdoor Roth IRA.Read more…
