10 Financial Truths (as reported by Kimberly Palmer on finance.yahoo.com)

It’s unfortunate that even today in the United States, not everyone gets the most basic personal finance education. But the more we can work these basic lessons into everyday life, the more we can spread the knowledge. Kimberly Palmer, writing for Yahoo Finance, outlines ten key things that everyone must know. One truth that people… Read More

How to Retire Early (as reported by Joe Udo on finance.yahoo.com)

Would you retire early if you could? Most people would say yes. And Joe Udo, writing for Yahoo Finance, cites five ways you can tell if you are ready to retire early. It starts with calculating your retirement cashflow. You will still need a steady stream of money coming in to support yourself during your… Read More

Bad Habits Costing You (as reported by www.dailyfinance.com)

In order to set yourself up for financial success, most people think about all the ways that they can make more money. But instead, it’s smarter to think about what you might do to save more. If you can cut out certain bad habits, you might be able to save more. Dailyfinance.com wrote about seven… Read More

401k Rollover (as reported by John Hechinger on www.bloomberg.com)

Beware financial advice, especially when it comes from someone who stands to profit from the ideas they are giving you. That’s the story in a recent investigation into sales techniques that some brokers are using to get employees to rollover their 401k plans to IRAs. Individual retirement accounts offer a wider range of investments, but… Read More

Opposing Popular Money Advice (as reported by Alexa Mason on www.moneyning.com)

Just because a lot of people say something is true, doesn’t mean it will be true for you. In the world of personal financial advice, there are many common themes that you should test for yourself before subscribing to them. This was the case for Alexa Mason, as she explains writing for moneyning.com. Many personal… Read More

FAQs on 401k (as reported by Emily Brandon on finance.yahoo.com)

401k retirement plans are employer sponsored investment accounts that allow workers to save money for retirement. How do they work? In short, they allow workers to designate a portion of each paycheck to be deposited into an investment account tax free. Since you don’t have to pay income taxes on the money you invest until… Read More