Five Cent Nickel

Written by a man who has been meticulously recording his finances since 1997 (stored in Quicken), Five Cent Nickel is one of the oldest and most respected blogs around. This blog often provides great commentary on—and summaries of—useful financial tips featured by other publications. If you’re too lazy to read every little money article out there, just stop by Five Cent Nickel and get the cream of the crop.

Latest Posts from Five Cent Nickel (page 133)

Traditional to Roth IRA Conversion at Vanguard

Last night, I finally got around to converting my wife’s recent traditional IRA contributions into her Roth account. […]

Is the Economy Recovering?

Last summer I ran a poll asking whether or not you were feeling any economic pain. At the time, 51% answered “yes” with an additional 16% saying saying that you weren’t, but that you suspected it was just around the corner. Since that time, the stock market has rebounded nicely, though it’s been a pretty rough ride over the past six weeks, and we’re still nowhere near pre-crash levels). […]

When Will I Get My $250 Medicare Donut Hole Check?

In case you haven’t heard, the Department of Health and Human Services (DHHS) has begun sending out $250 checks to seniors who have hit the so-called Medicare “donut hole” for prescription drug benefits. What is the Medicare donut hole? According to DHHS, Medicare Part D provides prescription drug benefits to those on Medicare, but there is a $310 deductible. […]

Investment Performance: Average vs. Compound Returns

There are three kinds of lies: lies, damn lies, and statistics. -Benjamin Disraeli Given the huge amount of volatility in the stock market over the past year or two, I wanted to take a moment to remind you to be careful when evaluating investment claims. […]

401(k) Transparency Being Eliminated?

As you may recall, I talked last week about the fact that Congress was working on legislation that would require improved 401(k) transparency. […]

How to Conduct a Net Worth Review

For many people, figuring out their net worth can be a stressful (or depressing) exercise. As for me, I run a net worth review on a monthly basis, and use it to keep us on track with our finances. Reflecting on our net worth has been a helpful tool and a great complement to managing our monthly cash flow. […]

Fun with Identity Theft, or How My Credit Card Went Nuts in Brazil

This is a guest post from Adam Jusko, founder of IndexCreditCards.com, a credit card information site where you can compare credit card offers, including cash back credit cards. I recently visited a major U.S. city known to attract tourists. The following Sunday, my phone rang with an automated message from my credit card’s security department about potential fraudulent charges. […]

High-Deductible Health Insurance and Health Savings Account (HSA) Update

As long-time readers may recall, we switched from a traditional PPO health insurance plan to high deductible plan this past fall. We did this for a couple of reasons. First, it dramatically reduced our premiums. […]

Avoiding the Hedonic Treadmill: Travel vs. Stuff

The latest issue of Money Magazine has an interesting blurb from Dan Ariely, author of “Predictably Irrational” and “The Upside of Irrationality.” In it, he tackles the issue of why you don’t necessarily get more (or lasting) enjoyment from the things that you buy. “Why don’t you get more enjoyment from the things you buy? […]

How to Plan for Budget Busters

At one time or another, most of us have fallen victim to a budget buster. While you can never prepare for every possible unexpected expense, you can prepare for most of them… All it takes is a little planning. You see, the thing about unexpected expenses is – if we’re being totally honest with ourselves – they’re not really unexpected. We know they’ll comes sooner or later, right? […]