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 159)

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. […]

Retirement Withdrawal Strategies

This is a guest post from Mike Piper, author of Investing Made Simple and proprietor of The Oblivious Investor. If you like what you see here, please consider subscribing to his RSS feed. The Roth IRA vs. Traditional IRA question gets a lot of press, and that makes sense. […]

Weekly Roundup – National Save for Retirement Week Edition

Guess what? Today marks the beginning of National Save for Retirement Week. Did you know that over half of all workers in the United States have less than $25,000 in total savings and investments? While these stats include a lot of younger workers, we can do much, much better when it comes to preparing for the future. […]

What Would You Do With $1000?

The cover story on this month’s Money Magazine asks “What would you do with $1000?” We’ve talked in the past about what you’d do with a major windfall, but I thought it would be interesting to take a look at your options with a smaller windfall. Here are Money’s suggestions: Build up your emergency fund Spend five hours with a financial planner Buy a top-notch mutual fund* Upgrade your appliances […]

Salary Negotiation – How to Win

The art of salary negotiation is a touchy but crucial matter that rarely receives adequate attention. With all the economic certainty that we’ve been facing, many people have increasingly focused on reducing expenses and leading a frugal lifestyle. […]

Flexible Spending Accounts Under Attack?

Do you have a Flexible Spending Account (FSA)? We do, and we love it. Every year, my employer lets us set aside up to $5k in pre-tax dollars to pay for healthcare expenses that aren’t covered by insurance. […]