DR 046: 4% Retirement Withdrawal Rule–An Interview with Vanguard’s Maria Bruno and Colleen Jaconetti

Vanguard Investments

Podcast: Play in new window | Download | EmbedWhat do retirement planning professionals from Vanguard have to say about retirement topics like the 4% rule? In today’s podcast I interview two investment analysts at Vanguard with over 35 years of combined experience – Maria Bruno, CFP and Colleen Jaconetti, CFP. We talk about everything from […]

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Published or Updated: March 26, 2014

The Power of Compound Interest. . .Even Math Geeks will be Amazed

compounding a penny

Recently, my friend Jay Monee over at Budgets are Sexy wrote an article about the power of compound interest. (You may remember Jay from my interview with him on how he makes money online.) In his article he asked a great question: “If you start with a penny on day one, and double it every […]

Published or Updated: March 25, 2014

DR 045: How to Diversify Investments When You’re Just Starting to Invest

diversifying investments with little money

Podcast: Play in new window | Download | EmbedNew investors face unique obstacles. There’s the learning curve. Clear that and there’s still the hurdle of having little money to invest (although there are easy solutions to that one). And then there’s the question of executing an asset allocation plan when you have little capital. That’s […]

Published or Updated: March 24, 2014

The Best Online Mortgage Calculator. . You won’t believe what it can do

Best Mortgage Calculator

There are an endless supply of online mortgage calculators. Most of the big personal finance sites have. The best one, in my opinion, is one you’ve probably never heard of: Karl’s Mortgage Calculator. You’re probably asking who the heck is Karl? I have absolutely no idea. Well, that’s not entirely true. I’ve emailed Karl from […]

Published or Updated: March 24, 2014

DR 044: 10 Tips on Using Balance Transfer Credit Cards to Get Out of Debt

10 Balance Transfer Tips

Podcast: Play in new window | Download | EmbedA reader named Kathleen recently emailed me with a lesson she learned with balance transfer credit cards: Hi Rob, I just rolled over one of my credit cards to another at 0%, which has been very successful for me at paying off credit card debt. But I […]

Published or Updated: March 24, 2014

Quick Tip: How to Use Excel to Calculate the Monthly Payments on a Loan

Excel function

Most of us probably forget much of the math we learned in high school or college. There are times, however, when a little math can help us with our finances. One such time is when we need to calculate the monthly payment on a loan Whether we are considering a car loan, student loan, or […]

Published or Updated: March 19, 2014

The “Latte Factor” is Not About the Latte

Latte Factor

I‘ve been reading a lot of criticisms of the Latte Factor recently. If you’re not familiar, the Latte Factor was popularized by author David Bach. The idea is simple. If instead of getting a $4 latte every day, you instead invested the money, you’d have a pile of cash in 10, 20, 30 or 40 […]

Published or Updated: March 14, 2014

DR 043: How to Compare Mutual Funds in Under 60 Seconds

Morningstar Fund Compare Tool

Podcast: Play in new window | Download | EmbedI encountered a big problem when I first started investing. Maybe you’ve encountered it, too. I would read a lot of books on investing. Two of my favorites are Rick Ferri’s All About Asset Allocation and William Bernstein’s The Four Pillars of Investing. These books cover asset […]

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Published or Updated: April 3, 2014

DR 042: A Complete Guide to Hard and Soft Pull Credit Inquiries

question mark twn

Podcast: Play in new window | Download | EmbedThe formula thet generates a FICO credit score is made up of several components. Some of these components you would expect to see, such as paying your bills on time. But there is one component that takes a lot of people by surprise: credit inquires. A credit […]

Published or Updated: April 1, 2014