Photo by: artct45If you’re between 20-40 years old, don’t do anything. Stay where you’re at, markets fluxuate. That is their nature and that should have been something you learned before you got it. If this is your first time hearing about it, don’t worry and more importantly, don’t run. Let the traders panic. That is [...]
How many of you use your 401k for your everything bucket? I’ve overheard friends and family talk about their 401k like their “all for one long term savings account” saying things like, “I’m going to use my 401k for my kids education” or “my 401k is used for both me and my wifes retirements” or [...]
Photo by: takashy How is it that when we can readily see public sector and professional athletes salaries on the web and not bat an eye at it. I’m sure they discuss these things over caviar all the time and it isn’t that big of a deal; but why does middle class America think it [...]
Photo by: emdot Only 0 days 5 hours 2 minutes left until Hanks Holiday Handout drawing! To make my goal of having my net worth be $1,000,000USD by 2020 I need to have a plan laid out. Yes it will change through the years, My wife and I will get raises; we won’t get the [...]
Only 5 days 5 hours 02 minutes left until Hanks Holiday Handout drawing! Hank – I have a few “target date” mutual funds in my 401k plan from Fidelity. They are: Fidelity Freedom 2010 FFFCX Fidelity Freedom 2015 FFVFX Fidelity Freedom 2020 FFFDX Fidelity Freedom 2025 FFTWX Fidelity Freedom 2030 FFFEX Fidelity Freedom 2035 FFTHX [...]
I wrote last month about my bad decisions I’ve made investing, and the more I think about it, the more I have. So let’s pick up where I left off: 7. “Investing in Life Insurance” is officially a bad decision. I’ve basically had a savings account with my Universal Life Policy for the past 5 [...]
Short answer, yes. I was considering just leaving this at that, but I figured I’d add a few extra lines to better seal the deal. So in writing My Edward Jones ROTH IRA account is invested in B shares – Is that good? I researched that same question because I was fed up with getting [...]
I recently had the pleasure to interview Will Sugg, a fellow personal finance blogger that works towards his fortune with Self Directed IRAs. I am no professional in the arena, so he was very willing to answer the few questions I had about them – I hope they can demystify the Self Directed IRA questions [...]
First let me assure you that ALL these companies offering this KNOW how to play the game. They’re not going to lose money on a deal. It’s just like when the casinos offer you a “comp” if you play long enough. They know the odds of you winning aren’t high, but if they dangle the [...]
I got an email from a reader yesterday that asked: “Hello Hank, I’ve been with my company for almost 20 years and I have over $1,000,000 in my 401k. I am 45 years old and I have a house mortgage still of $295,000 for another 13 years paying about $2000 per month. Would it make [...]
