Over the past year or so, I've found it easier to execute some of my plans. Read for this many minutes each night. Write at least this much every day. Put this much money into those accounts every pay period. And, with each passing day, week, month, and (I suppose) year, the plan just gets … Continue reading Goals and Distractions
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)
If given a choice, which would you choose? Freedom or frustration? I know it seems like a ridiculous question. But, over the years, I can see where I often chose frustration over freedom when I chose what to do with my hard-earned cash. It wasn't on purpose, of course. It's just that I had some … Continue reading Putting Money in Order