Money Podcast

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DR 107: Monthly Investment Update–September 2014

Asset Allocation September 2014

It’s time for our monthly investment portfolio update. In each update I run through the tools I use and the results of my investments. I show you the good and the bad. We’ll even cover some mistakes I’ve made and what I’ve learned from those mistakes. Let’s start with the tools and a high level […]

Published or Updated: September 21, 2014

DR 106: 8 Black Belt Budgeting Tips

Budgeting

It’s not an overstatement to say that budgeting is the foundation upon which all lasting wealth is built. That’s true whether you make $40,000 a year as a teacher or $40 million a year as an entertainer. If your cash flow is well managed, you can build wealth on any income. If it’s not well […]

Published or Updated: September 13, 2014

DR 105: The 5-Year Roth IRA Rule for Contributions (breaking the rule is costly)

5 year Roth IRA Rule

The Roth IRA was established by the Taxpayer Relief Act of 1997 and named after its chief legislative sponsor, Senator William Roth of Delaware. The Roth IRA enables individuals with earned income to contribute after-tax (nondeductible) money to the retirement account. If the rules are followed, the money grows tax free. Unlike a traditional IRA, […]

Published or Updated: September 9, 2014

DR 104: Rags to Riches and Back Again–Interview with Million Bucks by 30 Author Alan Corey

Optimized-Rags to Riches

Is it possible to build $1 million in net worth in 10 years starting from scratch? In today’s interview with Alan Corey, author of A Million Bucks By 30, we’ll learn exactly how one man did it. I learned about Alan and his book from a listener named Natalie, who I had the pleasure of interviewing […]

Published or Updated: September 6, 2014

DR 103: The Small Business 401k–Interview with CEO Chad Parks of The Online 401(k)

Optimized-OF GETTING AHEAD

If you’re a small business owner – whether you have employees or not – the thought of setting up a retirement plan can be overwhelming. 401ks and even SEP-IRAs are swimming in rules and regulations. What business owner really has enough hours in the day to deal with it? For that reason, I asked Chad […]

Published or Updated: September 5, 2014

DR 102: 4 Times Recharacterizing an IRA Conversion or Contribution Can Save Your Bacon (Literally)

IRA Recharacterization

One of the best retirement savings tools is often overlooked. The tool can save you thousands of dollars in taxes and sleepless nights if you made a mistake with your IRA. And yet according to a 2010 study by Fidelity less than one-third of investors are aware of this tool. I’m referring to what’s called […]

Published or Updated: September 3, 2014

DR 101: Should You Use an HSA for Retirement Savings

how to use an HSA

Should you use a Health Savings Account (HSA) to save for retirement? That’s the question a listener to the Dough Roller Money Podcast asked recently. Here’s Mike’s email: Hi Rob, I have a question about my HSA at work. I have about $14,000 in it. I have not used it at all in the past […]

Published or Updated: August 28, 2014

DR 100: 100 Ways to Improve Your Finances (Most in Under 10 Minutes)

Improve your finances

To commemorate the 100th episode of the Dough Roller podcast, I pulled together 100 ways to improve your finances. Let’s get started. 1. Balance your checkbook: Balancing a checkbook helps you focus on where you’ve spent your money and it ensures your bank hasn’t made any mistakes. With the help of budgeting tools such as […]

Published or Updated: August 25, 2014

DR 099: 5 Gotchas with Commissioned Based Brokers

5 year Roth IRA Rule

A reader we’ll call Frank recently emailed me about his advisor (we covered part of his email about dividends here). She had placed him in A shares of American Fund mutual funds. This told me he was working with a commissioned-based broker, as these mutual funds charge a sales fee of 5.75% to compensate the […]

Published or Updated: August 16, 2014