Archive for the ‘retirement’ Category

Retirement at 40? It’s Possible

Friday, March 27, 2009 7:11 Comments

I read a thought-provoking article at CNN Money earlier today. It’s about a married couple – both 27 years old – who are aiming to be millionaires and retire by the time they’re 40. An admirable goal, to be sure.
But the weird thing is – they’re on track to do it.  How? They’re not using any secret [...]

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This was posted under category: building wealth, goals, retirement Tags: ,

Are You Honest With Your Money? Yourself?

Wednesday, March 18, 2009 7:33 Comments

I have a confession to make to all of you, and it won’t be pretty. It may even be worse than the time that Quagmire had to apologize to the nation.

My fellow Americans, I have not been entirely truthful with you. I did ga-googity that girl. I ga-schmoigedied her ga-flavety with my googus, and I am sorry.
OK, [...]

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This was posted under category: Roth IRA, building wealth, retirement Tags: ,

How Did Your 401K Really Stack Up in 2008?

Thursday, February 19, 2009 7:30 Comments

US News recently published an article summarizing how 401Ks performed last year on average. While the results weren’t surprising (they went down!), it is interesting to see how people with different 401K balances, risk tolerances, and ages fared last year.
 
By account balance:
Here is how investors with the following 401K balances fared last year. It should be noted [...]

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This was posted under category: 401K, recession, retirement Tags: ,

Review of “The Number” – by Lee Eisenberg

Tuesday, December 30, 2008 12:37 Comments

My 401K is down 45% this year, but that doesn’t bother me (very much).  I try to take a long term point of view with my finances.  But I recently realized that even my decades long point of view is far too short sighted.
I’ve never taken the time to figure out exactly how much money [...]

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This was posted under category: books, retirement, review Tags: , , ,