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 149)

Tax Diversification When Investing

Taxes are a huge consideration when planning for retirement. As you’re building up your nest egg, one of the big decisions that you’ll face is whether you should put your money in a traditional, tax-deferred account or a Roth-style account. Of course, we don’t all face this dilemma. […]

Preparing for a Move

Things are moving along with regard to our new townhouse. We have approximately 5-6 weeks to get ready for our move to the new place. I’m excited and ready to leave the apartment. I thought it might be helpful to share our to-do list for others that are planning to move. I’m sure many of you have some moving tips of your own to add in the comments. […]

Schwab Mutual Funds: Ideal for Investors With Limited Means?

A common criticism of mutual funds is that many fund families have a relatively high minimum investment, often in the $1000-$3000 range. […]

How Planning Your Meals Will Save You Money

This is a guest post from Kyle of Suburban Dollar. If you like what you see here, please consider subscribing to his RSS feed. Lets face it, one of our biggest expenses outside of our mortgages is the cost of keeping our bellies full. Unfortunately, eating is a necessity. […]

Safe Withdrawal Rates, Investment Returns, and the Importance of Minimizing Your Expenses

The topic of safe withdrawal rates is critically important to retirees. Earlier this week we talked about retirement withdrawal strategies, but that was a discussion of how to access your money rather than how much money you can safely distribute per year. What’s a “safe” withdrawal rate? While there are no easy answers, the stakes couldn’t be higher. […]

Ally Bank Ten Day CD Rate Guarantee

Not quite a year ago, we started building a CD ladder. We’re building a five year ladder, and that first rung is nearly up for renewal. I’ve thus been looking around for the best CD rates. In doing so, I ran across the ten day CD rate guarantee at Ally Bank. […]

Financial Peace Through Planning

As you may already know, this week is National Save for Retirement Week. In that spirit, I want to spend some time today discussing the peace brought on by having a sound financial plan. It should come as no surprise that planning for the future and saving for retirement can bring a great deal of peace to those who do it. […]

Should We Get Rid of 401(k) Plans?

The latest issue of Time Magazine featured an article that was very critical of the 401(k) system. In it, they argued that “the 401(k) is a lousy idea, a financial flop, a rotten repository for our retirement reserves.” Why all the hate? So just what is it that Time hates about 401(k) plans? For starters, 401(k) plans were never intended to replace traditional pensions. […]

Pre-Retirement Reading: Three Great Books About Investing

In honor of National Save for Retirement Week, I wanted to take a minute to point out some excellent books about investing. […]

What’s the Difference Between Tax Exemptions and Tax Deductions?

Two years ago, our tax preparer suggested we take advantage of tax breaks like IRAs and home ownership. We then looked at our options and started working on our IRAs. Buying a house just for a tax break wasn’t what we wanted, so we paid down our debt and saved some money on the side for our upcoming town house purchase. […]