Several months ago, I signed up for a Personal Capital account so that I could try it out and let you know what I think. In my best personal finances software post, I explain that your needs are the biggest factor in determining the best tool for you. Personally, I like to track my finances, but I do think there is such a thing as spending too much time and energy tracking your … [Read more...]
Should You Follow Dave Ramsey’s Investing Advice?
You probably wouldn’t know it from reading this blog. I’m a huge fan of Dave Ramsey. However, every time I write about him, it is to critique something he says (like his stance on credit scores). I have, however, shared three things I really like about Dave Ramsey, and I’m sure there are more. Still, I tend to critique him more than I praise him. The reason is this: because he … [Read more...]
Roth IRA For Your Kids’ College Savings | A Hybrid Approach
When it comes to saving for your kids college savings, most financial advisors will put college savings a notch below saving for retirement. Wouldn’t it be nice if there were a way that you could do both without potentially risking one or the other? Using your Roth IRA as a college savings vehicle could be one such option. When you withdraw money from your Roth IRA to pay for your … [Read more...]
5 Steps To Retirement Planning For Young Adults
“Will I have enough for retirement?” is a very difficult question to answer. Last week I left on a low note by introducing you to the 7 retirement factors you cannot control. I guess it was probably a little discouraging. However, I am not advocating you simply throw up your hands and ignore retirement planning. I am suggesting that the process should be simplified and your time commitment to … [Read more...]