I've gone through the practice of logging my net worth since 2016. I think it's a good way to track your overall progress (and process) over time, and helps to keep you on track with your financial plan. But, this year, a question about my net worth popped into my head. It's a question that … Continue reading Investments Show No Steam
At the end of their recently released book, "How I Invest My Money", where 25 financial professionals wrote short essays outlining how they invest and why, editors/contributors Joshua Brown and Brian Portnoy invited readers to write their own essay outlining how they invest their own money. This post is my version of that essay. Enjoy! … Continue reading Homework: How I Invest My Money
Not all retirement accounts are sponsored by our employers. There are a few reasons that we might consider opening an IRA. In this post, I will go over the 2 main types of IRA accounts, when to consider opening them, what you can invest in, and how to fund your IRA. IRAs...Who Needs Them? While … Continue reading So, You Think You Want an IRA
In my last post, I discussed my process for selecting mutual funds in an employer-sponsored retirement account. Within the context of a 401k or 403b, the options we have for our investment dollars are a well-curated, limited number of options. Once we venture into other types of accounts, we tend to get exposed to a … Continue reading Should I Invest in Individual Stocks?
For most Americans, the easiest way to save for retirement is probably the 401k (or 403b). The importance of these types of accounts, sometimes referred to as defined contribution plans, has grown since section 401k was inserted into the US tax code in 1978. According to Investopedia, only 16% of Fortune 500 companies offered their … Continue reading How I Pick Funds in a 401k (or 403b)