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 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 137: Interview with Todd Tresidder, a Former Hedge Fund Partner Who Retired at 35

Todd Tressider

When people talk about early retirement, they often mean at 50 or 55 – and sometimes as early as 45. But today’s podcast interview is with Todd Tresidder, a fascinating guy who managed to get out of the rat race at 35. I interviewed Todd about his life before retirement, what he’s been doing since, […]

Published or Updated: December 21, 2014

Retirement Calculator: Are you on track to retire?

Retirement Calculator

It’s one of the hardest questions to answer in all of personal finance. Are you on track to retire? To help you answer that question, the folks at Personal Capital have just released a free retirement calculator. Give it a try and let me know what you think in the comments below.

Published or Updated: December 26, 2014

DR 131: Retirement Plan Options for Small Businesses–An Interview with Fidelity’s Brian Hogan

Fidelity Small Business Retirement Plans

One of the biggest surprises for me as a blogger was the retirement plan options available to a small business owner. While a 401k maximum contribution is $17,500 (as of 2014) and an IRA is $5,500 (as of 2014), as a small business owner I can sock away more than $50,000 a year. It almost […]

Published or Updated: November 28, 2014

Roth IRA Contribution and Income Limits for 2014 & 2015

Roth IRA Contribution and Income Limits

The IRS recently released its 2015 update to income and contribution limits for Roth IRAs.  As detailed below, the contribution limits for a Roth IRA are unchanged for 2015–still $5,500.  The catch-up contribution for those 50 or older, which is not indexed for inflation, remains $1,000.  The income limits to qualify for a Roth IRA, however, […]

Published or Updated: March 25, 2015

Which Retirement Accounts Should You Withdraw From First?

How To Draw Down Your Retirement Accounts-735x1102-PT

Imagine you’ve worked hard and saved for retirement. You have assets in taxable accounts, traditional retirement accounts, and Roth retirement accounts. When you retire, which accounts should you withdraw from first? That’s the question I posed to Stuart Ritter of T. Rowe Price. In the interview that follows, Stuart does a great job of discussing […]

Published or Updated: April 27, 2015

401k and IRA Contribution and Deduction Limits for 2014 & 2015

401k & IRA Limits

The IRS recently released the new 2015 401k and IRA contribution and deduction limits. While 401k limits had remained flat since the last increase in 2012, they are going up again in 2015.  401k and catch-up contribution limits are all increasing.  Limits for IRA contributions, however, are not going up. Here are the detals. 401(k) […]

Published or Updated: April 27, 2015

DR 119: Advanced Social Security Benefits Strategies–Interview with Marc Kiner

Advanced Social Security Benefit Strategies-735x1102-PT

One of the most important and confusing decisions retirees must make is how and when to claim social security benefits. There are countless things to consider including age to start taking benefits, whether you’ll continue to work, spousal benefits, and full retirement age. For that reason, I asked Social Security benefits expert Marc Kiner to […]

Published or Updated: November 2, 2014