Are 401(k) and IRAs a Fraud?

How to Invest in a 401(k)

There’s been a steady rise in “victim mentality” propaganda.  We hear it a lot from certain politicians who want to convince us that the “system” is rigged or that “income inequality” keeps us from improving our lot in life.  Some talk about wanting to give us a fighting chance, as if America hasn’t already served […]

Published or Updated: January 18, 2015

8 Budgeting Moves to Make for 2015

8 Budgeting Moves to Make for 2015

With the start of the new year, January is the perfect time to evaluate your finances.  I did this recently, focusing on budgeting. I used to hate budgeting, but now I have a different view of it. I use YNAB, my favorite budgeting software, to make it easier. January is a natural re-set when it comes […]

Published or Updated: January 18, 2015

How to Automate Your 401k–An Interview with Blooom Founder Chris Costello

Chris Costello

The wave of robo-advisors (e.g., Betterment, WealthFront, Personal Capital) have one thing in common–they can’t manage your 401(k) investments. Today I have the opportunity to interview Chris Costello, the co-founder of Blooom. For $15 a month, Blooom will automate the process of selecting an asset allocation and rebalancing your 401(k) investments. It works with just […]

Published or Updated: January 12, 2015

DR 147: 10 Ways to Invest $10,000

Money Crush

A few weeks ago in the Dough Roller weekly newsletter I asked the following question: “What would you do if you came into $10,000?” I received a lot of answers.  What surprised me about the responses were how similar they were.  The varied in the specific details of how people would spend $10,000, but they shared […]

Published or Updated: January 8, 2015

DR 146: The Power of Daily Goals (and 15 ideas to get you started)

Daily Goals

How can thinking small help you accomplish big things? Why do most new year’s resolutions fail? And how can you baby step your way to a better 2015? I’ve been spending some time thinking of ways to be more productive. And that’s not about accomplishing everything, but rather accomplishing the most important things. For example, […]

Published or Updated: January 8, 2015

DR 145: 6 Keys to Successful Investing

6 Keys to Investing

Investors today must make countless decisions. We have to decide on the type of account to open, where to open it, an asset allocation plan, specific investments, mutual funds vs. ETFs, and the list goes on. It can be overwhelming. This hit home for me recently when I received the following email from a reader: […]

Published or Updated: January 6, 2015

DR 144: 6 Keys to Setting Financial Priorities

Financial Goals

Choosing between competing financial priorities is one of the hardest things to do in all of personal finance. Over the years I’ve received countless email from readers asking variations of the same thing related to financial goals. Should you pay off all of your debts before you begin investing? Should you fully fund your retirement […]

Published or Updated: January 6, 2015

DR 143: Should You Max Out Your 401k Early in the Year?

How to Invest in a 401(k)

It’s common financial advice to max out a 401k. Putting as much away in a tax advantaged account as possible is just smart financial planning. There is of course a limit to how much we can contribute each year to a workplace retirement plan. And that has some asking whether they should max out their […]

Published or Updated: January 4, 2015

DR 142–How to Track All 3 of Your Credit Scores

Capital One Credit Tracker

Your credit scores are never more important than when you are about to buy a home. That pesky 3-digit number can lower or raise your interest payments by tens of thousands of dollars over the life of a mortgage. So it was no surprise when a reader named Kelly sent me the following email: I […]

Published or Updated: December 29, 2014