Online retirement calculators come in all shapes and sizes. Some retirement calculators are extremely simple and provide little in the way of helpful information you can use to plan for retirement. Others are complex affairs that require an advanced degree from MIT to use. What follows are 11 online calculators for retirement [...]
Photo Credit: Wolfgang StaudtWelcome to the Best of January and February 2008. Here you’ll find the best articles, posts, tools, resources and news about money, finance and investing from the past two months.
News and Analysis
Are payday loans actually good for us? An Experimental Analysis of the Demand for [...]
Since publishing The Ultimate Guide to Traditional and Roth 401(k) and IRA Retirement Accounts, I’ve received a number of questions about retirement plans that weren’t covered in the article. I’ve responded to these questions in the comments to the article, but I thought it would be helpful to discuss some of them in a [...]
A reader recently brought a website to my attention and asked what I thought of it as a money management tool. The site is called PriceAmbush, and it purports to allow you to search the Internet for the best deals on stuff. But I have very mixed feelings about this site. First, [...]
My daughter turned 13 this past week, and we’re celebrating with family today. I look at pictures from just five years ago, and it’s amazing how much she’s grown and matured. And it reminds me of a decision I made at that time to leave a high paying, prestigious job for a lower [...]
Money Magazine this month published a chart that quickly tells you if you’re on track to retire at age 60. If you hope to retire at age 60, your savings should equal this number times your salary:
AT AGE
40
50
60
IF YOU EXPECT…
To have no pension or part-time job
3.5
8.5
16.0
To work part time
3.1
7.5
14.0
To have a pension
2.2
5.4
10.0
The chart assumes [...]
As I described in an earlier post, one of my financial goals is to buy a single B share of Berkshire Hathaway (BRK.B). Berkshire Hathaway is run by Warren Buffett, and I think it is a great alternative to a large cap mutual fund. As part of my goal, I’ve committed to saving [...]
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The best thing about being 40 is surviving your 20s and 30s. And at 40, I’m considered an old-timer in the [...]
Do you ever bite off more than you can chew? I do. This blog is a great example. When I started it, I planned to write a gazillion articles each day, post 10 comments on other blogs each day, interact with the blogging community daily, and on and on. Then came [...]