Last Thursday, August 17th, 2017, the S&P 500 logged it’s second largest one-day decline of the year, at 1.54%. In the scheme of history, this is not particularly newsworthy. After all, the S&P 500 has logged much larger percentage losses in the past, as the table below shows. If you are a long-term investor, you shouldn’t […]
Should You Choose a Traditional 401k or a Roth 401k?
In Use it Or Lose It, I talked about the awesome benefits of the Roth IRA. You DO have to pay taxes on the money NOW, but it grows tax-free and you can withdraw the money after age 59.5 without owing any taxes. It’s the only way to win the tax game. It is 100% YOUR money, […]
Pay Or Be Paid
At the height of my debt debacle I owed over $400,000 at 6.8% interest. That amounts to nearly $30,000 per year just in interest. Let me say that again. I was paying $30,000 per year and getting NOTHING. Someone was getting rich and it wasn’t me. It Could Be Worse The student loan arena isn’t […]
The Health Savings Account: Even Better than a Roth IRA
In Use it Or Lose It, we talked about the fantastic benefits of the Roth IRA. While you don’t get any tax break up front, the account grows tax-free, which means that you never have to pay any more taxes on the money, even when you make withdrawals in retirement. The money is 100% yours! It turns […]
Buy Things That Make Money
Shopping gets a bad rap. And rightly so. When most people go shopping, they buy things that go down in value over time. This includes cars, clothes, big screen TVs, couches, and (sigh) bikes. If you want to be poor the rest of your life, then keep buying this stuff. On the other hand, if […]
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