Making sense out of your dollars...
Each day, I am inundated with questions from my readers. If you want to send in a question send it to admin@yourfinancessimplified.com. Here is one that I received recently that I want to share with you. The Reader’s Question What is, if any, the benefit of keeping a 401k account with a previous employer or should [...]
Retirement is something that I am looking forward to.. Hell I’ve been thinking about retiring since I was 9 years old. No lie. In mind I have it all figured out. What’s better than having all the time in the world to do what you want, travel where you want, and basically lounge around if [...]
Since the conception of the Individual Retirement Arrangement (IRA) in 1974 from the Employment Retirement Income Security Act (ERISA), it has helped thousands of individuals to save money for a comfortable retirement. Over the years, the types of IRAs have evolved and increased in number. Although, this gave contributors more options to choose from, in [...]
According to an article posted in CNBC.com, the cost for an academic year from 2010-2011 is approximately $56,500 including tuition plus room and board. And since that only covers a year of education, it seems students are looking forward to a four-year degree at the cost of $200,000. If you’re looking at the age [...]
When it comes to investing money, the very first thing that comes to mind is putting it aside as savings. What people fail to realize is that this is not a productive way to invest their money. Instead of making their money grow, they end up having the same amount as what they started out [...]
When it comes to investing, many people recommend that you diversify your accounts. The idea is to not put all your eggs in one basket. Diversification will help the performance of your portfolio since everything is riding on one investment vehicle. The problem with this is, how do you choose? You have hundreds of stocks, [...]
Just about three years ago, the United States entered into a financial crisis so large, it is said to have been one of the worst since the Great Depression. There were many factors that influenced the recession of 2008, among them were the housing bubble, easy credit conditions, and incorrect pricing risk. Aside from [...]
So I’m reading Business Insider and come across the following article: Half Of All Americans Aren’t Doing A Thing For Retirement The first thing I think is “Hell yea, hell yea, fucking right, fucking right?” (HYFR) Then, I immediately think of the seniors doing low pay, no insurance jobs like being Walmart greeters [...]
One of the things that investment gurus always emphasize is to diversify, diversify and diversify. Supposedly, diversification will help improve the overall performance of your portfolio since it doesn’t ride on just one investment vehicle. The trouble now is this, with over thousands of stocks, bonds, and mutual funds to choose from, how can [...]
