This post will take a closer look at our investment portfolio. The purpose is not to influence your decision on investment options or to suggest you should follow our approach. The intention is to share a strategy that we’re comfortable with and works for us. …
Betterment is a great option for those looking to start investing in the stock market. They make investing easier, affordable, and completely hands-off. They create portfolios tailored to your risk tolerance investing in passively managed Index Funds to keep your costs as low as possible.
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A lot has been said about a Health Savings Account (HSA). It is by far the best tax-advantage vehicle created by mankind that allows eligible individuals to divert a portion of their income to an account from which they can reimburse eligible expenses tax-free and efficiently save for present or future health care expenses. If you have not yet taken advantage of an HSA, I highly encourage you to think about it but more importantly, to do your due diligence to evaluate if it would be beneficial for your personal situation. …
In the personal finance community, there’s a lot of back and forth between the advantages and disadvantages of Traditional and Roth IRAs. Short and long-term tax implications are normally highlighted as the main differences and are the ones that carry the heavyweight in moving the needle in either direction. …
This is going to be one of those topics that could go well or blow right in my face. The reason I say this is because an emergency fund is considered a foundational element of a sound financial plan and for a personal finance blogger to even entertain the idea of not having (or needing) one would be a hard thing to swallow. But before you start disagreeing with me let me set the stage before diving into the title of this post.
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One strategic approach to investing is to buy a particular mix of investments that you believe will provide the return you’re seeking at a level of risk you’re willing to take. This is what we refer to as asset allocation and is nothing more than bringing the concept of diversification into an investment strategy. …
Paying yourself first is a very popular phrase I came across when reading The Automatic Millionaire by David Bach. He also happens to be the one who created the movement around the “latte factor” but that’s one topic that deserves its own discussion. …
If you read my post about investing now, I wonder how you felt at the end of it. Since I didn’t get a lot of comments, I called a buddy of mine to seek feedback. As it turned out his main comment was that he felt the post was too bossy.
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