What is the Right Amount to Save for Retirement?

There are plenty of calculators out there so I won’t bother with that, but the question to how much you need to save for retirement needs to be in your thought process. Saving for retirement is difficult when it matters most. Many people reading this are in there 20’s, 30’s and 40’s. The earlier you start to save the more you benefit from compounding interest. If you start saving around five thousand dollars a year and put it into an index fund returning about 8% in your early twenties, you wi...

The Self-Directed 401k and its Essential Factors

Goodbye to the conventional thinking of our elders that one employment must last forever, which is basically not true at all! Who doesn’t want to enjoy the security of tenure, right? But things don’t easily fall into their right places. In fact, it is a tedious task to locate a generous employer who will feed you with the benefits that you crave for. Nevertheless, it is but common for the workers to shift into other fields, do job hopping, move out of one company and transfer to another, relocat...

Is a ROTH 401(K) Your Best Option?

Are you planning for your own future? How many years are you counting before you retire? Are you worried about your retirement savings plan? Have you selected the right plan for you? Or are you still undecided on what would be the best plan for your retirement savings? Let’s review some information about these questions and maybe later after describing and discussing all the information, you may be able to decide what to do today. I’m sure you have heard about the traditional or conventional ...

May 2008 Net Worth – $87,264.27

After having our largest net worth increase ever last month, we followed it up this month with our 2nd largest ever net worth increase, beating the previous record by just a few dollars. Two strong months in a row like that let me know we are doing something right. We hit a couple of minor milestones this month as my 401k crossed $20k and my Roth IRA crossed $30k. Our entire net worth 1 year ago was only a little over $50k, so it's kind of cool to have that in just two accounts today...