December 29, 2009

Your calling doesn’t necessarily fund your retirement by itself

The Simple Dollar recently offered up a post on retirement planning for a low-income career, aimed at people like some of his friends who have “made the financially difficult choice to follow their heart” into careers that are very fulfilling, much needed and, perhaps consequently, low-paying. The advice he offers, in broad strokes, is (a) automatic investment in a Roth IRA, even if it’s only $20 […]

Investing In Bonds: Make Money The Boring Way

Could your Scottrade (or other investment) portfolio use a dose of bonds? We often cover the world of equity investing here, and we’ve also discussed safer investments like the stable certificate of deposit. This time, we thought to cover some fixed income investing basics. […]

2010 Resolution #2: Pay Cash for a Replacement for My Truck

In an effort to talk about the power of goal-setting along with some methods of setting and achieving goals, I’m going to discuss my four resolutions for 2010 this week. In 2001, I purchased a used 1997 Ford F-150 pickup truck. Over the ensuing eight years, I put nearly 120,000 miles on that truck. […]

Ask the Readers: Hope in a New Year? (Chance to Win $10)

By Linsey Knerl ** Congrats to our winners! *** Comment #33: Always Hopeful  Submitted by on December 29, 2009 - 20:24  Looking to be in the best shape of my life in 2010 with a great runup in the second half of 2009. […]

Buying the Dividend and Dividend Dates

One once popular way of dividend investing was called “buying the dividend,” where you buy a stock just before the ex-dividend date. The argument was that you could buy a stock just before it would record who it’ll pay a dividend to, pick up the “free” cash, and then sell the stock afterwards. […]

Three of the Biggest Estate Planning Mistakes

The following is an excerpt from The 101 Biggest Estate Planning Mistakes, copyright Herbert E. Nass, with permission from John Wiley & Sons, Inc. Perhaps the single most important decision you can make when it comes to estate planning is your choice as to who will handle things after you are gone. […]

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10 Healthy Things to Eat and Drink in the New Year

By Lynn Truong Our sister site, Healthy Theory, has lots of great tips on what to eat to keep your body healthy. Here's a roundup of the most healthy (and tasty) foods to start eating (or eat more of) in the new year. Champagne That's right -- ring in the new year with this heart-healthy drink (in moderation, of course). Champagne has polyphenols, which are antioxidants. […]

Merge Left

Charlene writes in: I’m getting married in March. My future husband and I are talking about when and how to merge our finances and we’ve had some difficulty coming up with a plan. What did you and your wife do? […]

Getting Kids Started with the Stock Market

By Julie Rains Recently, a reader asked how to give stock to kids in her life in an effort to inspire a life-long interest in investing. Now seems like a great time to start investing but opening an account for someone who isn't your child (a nephew or niece, for example) isn't as straightforward as handing over cash. The investments may cause a burden on the child or the family members. […]

Mostly Clean and Mostly Sober

If I were to tell you that I think I drink too much liquor, you’d likely conjure up some images of alcoholics you’ve seen, maybe picturing some guy falling down, abusing the people he loves, making terrible decisions and driving like an idiot. So I want to be clear right from the start that I am not “a drunk”, nor has anyone accused me of even coming close. […]

What is the Earned Income Tax Credit?

The Earned Income Tax Credit is a refundable tax credit that is designed to help low income workers. It was created in 1975 and has been expanded on several occasions, unlike some other tax laws, to continue to help low income taxpayers. How does it work? […]

Does It Still Make Sense to Refinance in Today’s Market?

Last winter, Kris and I refinanced our mortgage. Interest rates had dropped, and it seemed like a good idea to make the leap. Though it took us a couple of months to actually pull the trigger, we finally ended up cutting the interest rate on our loan from 6.25% to 4.96%. […]

Reactive vs. Proactive Finances

This is a guest post from Darwin of Darwin’s Finance. If you like what you see here, please consider subscribing to his RSS Feed. In life, we’re routinely faced with situations that require an immediate reaction. Consider the need to pay monthly bills and keep your head above water. […]

Help a Reader: Saving Too Much?

Here's a comment/question recently left on my post titled How Much of Your Salary You Need to Save: At age 25, I try to save $1000 every month. This is a very rigid plan considering it's about 30% of my monthly income (after tax). I also have rent, Roth, foods, insurance and other things to pay up for - which counts to be less than $2,000/month. […]

Use A Debt Consolidation Calculator To Help You Find A Better Loan

I use a debt consolidation calculator to illustrate how much you can save with the right kind of personal loan. Today, I’ll cover some ideas on how to become debt free faster. If you’re someone with a strong credit rating but with credit card debt and various loans to your name, you may be able […] […]