The Ultimate Retirement Calculator (and it’s free)

Ulitmate Retirement Calculator

Personal Capital first introduced what is by far the best financial dashboard I’ve used. It’s a free online tool that tracks everything from your bank accounts to your investments. It comes with great graphs and charts that show your asset allocation, investing costs, and cash flow. Now they’ve introduced an equally impressive retirement calculator. I […]

Published or Updated: July 9, 2015

Calculating the Value of a 401k or IRA Retirement Account

401K

A reader named Jen recently sent me an email about 401k retirement accounts. James Altucher, a former hedge fund manager, had posted a video on Business Insider on why you shouldn’t invest in a 401k. When I first saw the video, I thought it was a parody. I didn’t realize he was being serious! Here’s […]

Published or Updated: June 22, 2015

How Advisors Kill Your Retirement Like The Walking Dead

Investment Advisors

Several friends have recently contacted me about their retirement accounts. They are planning to retire and want to rollover their 401k to an IRA. So far, so good. While they managed their 401k for decades, however, they are uncomfortable managing the rollover IRA. The combination of a lot of money to manage and the consequences […]

Published or Updated: May 22, 2015

DR 171: How to Retire at 40 – Interview With Chris of Eat the Financial Elephant

Early Retirement

Since launching the podcast in 2013, I’ve had the chance to interview folks about early retirement. It started with Mr. Money Mustache, who retired at the ripe old age of 30. Then we had Todd Tresidder on the show, a former hedge fund manager who retired at 35. More recently, we talked to Jason of […]

Published or Updated: April 13, 2015

DR 166: How a Husband and Father of 3 Retired at Age . . . 33

Early Retirement

Imagine retiring at the age of 33, after just 10 years in the workforce. A fantasy you think? Hardly. I interviewed Justin, founder and owner of the blog RootOfGood.com, where he discusses the financial aspects of early retirement, as well as the psychology behind it. This was an enlightening interview on a number of fronts. […]

Published or Updated: March 14, 2015

How to Make the Best of a Bad 401(k)

How to Invest in a 401(k)

Investing in a 401(k) plan at work can be a lot like eating at a cheap buffet. There are a lot of options, but they’re all bad. For those trying to hard to keep investing costs down and to invest with a solid asset allocation plan, having bad options in a 401(k) or 403(b) is like […]

Published or Updated: January 31, 2015

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

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