401k and other retirement plans: a closer look

If you want to secure your retirement, your 401k, or equivalent plan, is very important. I have spoken about retirement accounts before, and I have also stressed the importance of doing so over a long period of time. Related: Saving Is Time-Sensitive. The Time To Save Is Now! Perhaps even more important is understanding the ways each type of plan works, and which ones should be prioritized. In reality, I'm not sure I can cover all…

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Starting the FIRE: How to Retire Early

I don't know about you, but personally, I definitely fret over the idea of working "forever." That's why, as mentioned on my various social media profiles, I'm starting the FIRE! Of course, I wouldn't actually work forever. But when I consider the idea of working until 65 or 67 - I figure I may as well be. Thankfully, my friends, I'm here to tell you that although I have yet to retire, and many people do work until…

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Emergency funds are a must. Do you have one?

So, in this post, I mentioned emergency funds, and I've been meaning to write a separate post about them. That's because everyone - or at least every household - should have one. And yet, as I mentioned in my introductory post,  most Americans have less than $1,000 in savings. That is scary. I mean, it seriously worries me for the sake of all the people out there who fall into this demographic. Emergency funds aren't about reaching financial…

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Prioritizing savings and debt: which is more important?

As you can probably imagine, one of the things I spend a lot of time doing is reading comments on other blogs. I also read comments in Facebook groups, posts in forums, etc. It's always good to stay attuned to the questions many of you out there regularly ask. Usually, a common theme in many of those questions is prioritizing. In other words, is it better to save while simultaneously paying down debt? Or should…

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Smarter investing for a better future

Not long ago, I made a post about how actively managed funds, like Betterment, are better than not investing at all. Indeed, they will lead to a better future. Now, for the record, I haven't changed my mind: I still think they are better than nothing. Still, though, I am always looking for ways to improve, and my finances are definitely one main target of that agenda. To be totally honest, I was content with…

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Why automated investing is better than no investing

A while back, I created a portfolio on Betterment. Now, I must admit that among financial topics, investing is one that, personally, I have found to be pretty complicated. Perhaps that is why I chose to go the automated route because it vastly simplifies the process. I don't have to worry about muddying the waters of things like ETFs, S&P 500 index funds, and mutual funds. Instead, I contribute what I can, and my portfolio…

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