After-Tax Asset Allocation: Is there a gremlin lurking in your 401(k)?

As Roth IRA and Roth 401(k) retirement plans gain in popularity, unsuspecting investors may fall prey to a potentially expensive mistake. Money in a Roth 401(k) or Roth IRA account can be withdrawn tax-free, assuming the withdraw meets IRS requirements. In contrast, withdrawals from traditional 401(k)s and deductible IRAs are taxed as ordinary income when […]

What a 9-day hospital stay taught me about health insurance

2008 has been a difficult year. On Sunday, December 30, 2007, I rushed my wife to the hospital emergency room. She had developed severe abdominal pain and was literally doubled over as we raced to the hospital. When morphine didn’t dull the pain, they moved to dilaudid, which is 15 times stronger. It took the […]

Tim Ferriss’ 4-Hour Work Week: Fact or Fiction

Some time ago I wrote an article about Tim Ferriss’ book, The 4-Hour work Week: Escape 9-5, Live Anywhere, and Join the New Rich. My article questions just how realistic a 4-Hour work week is for must of us, and argued that achieving a 24-hour work week was more realistic. The other day while cleaning […]

My Virtual Personal Finance Library

My virtual library is a collection of online articles and other resources that I’ve assembled over the years. I originally created this library as a means to conveniently store all of the online materials I’ve read about retirement accounts (e.g., 401(k) and IRAs), investing, asset allocation, money management and the like. The materials include articles […]

How to Stop a Debt Collector from Calling or Contacting You

My wife and I recently received a call from a debt collection agency. They didn’t identify who they were in the voice mail or that they were calling to collect a debt. When we called back, some guy said he was with The Northland Group and claimed we owned some money on a Capital One […]

Slow Motion Retirement–A New Way to Look at the Rest of Your Life

Traditional retirement looks like this–work until you’re 65 or so, and then stop working until you die. More recently, views of retirement have begun to change, as more and more “retirees” are forced to work long after 65. There is a major problem with this approach to retirement, which I’ll come to in a moment. […]