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I'm always skeptical when institutional money managers start beating up on buy and hold as a loser's game. Seems to me that individual investors trying to time the markets consistently end up losing.
There are several types of plans or accounts worth considering for short or intermediate term college savings including Prepaid Education Arrangements, 529 Plans and Roth IRAs. Here are a few thoughts on using 529 plans and Roth IRAs for education savings goals.
The headline unemployment numbers suggested, at least, that things weren't getting worse. But if you look to the human consequences, says Diane Swonk, there's a disturbing trend.
If only you had a retirement plan like those gold-plated pensions that state employees get, you'd be set for life. Or would you?
Market timing: Don't do it; you'll only lose money. Most of us have heard this conventional investment wisdom, but is there really any evidence to back it up? There is now, and this post describes the study with the evidence.
Having just finished a spin through the Urban Institute's new study, Will Health Care Costs Bankrupt Aging Boomers? my first thought was to go get on the elliptical, pronto. I figure the better shape I'm in, the better shot I have at keeping health care outlays from eating up gobs of my income i...
In spite of recent challenges to retirement, there are many valuable innovations regarding health, finances and lifestyle that weren't available to our parents. It's a good time to be aging.
Thinking about saving for college costs? There are several types of plans or accounts worth considering for short or intermediate term college savings -these include Prepaid Education Arrangements, 529 plans or Roth IRAs. Here the skinny on Prepaid Plans.
Don't consider your retirement assets to be money you can spend in retirement. Instead, consider your retirement investments to be a monthly paycheck generator. Then, spend no more than this paycheck. To determine the size of your monthly retirement paycheck, use one or more of the three methods described in this article. These methods are designed to generate a lifetime retirement income, no matter how long you live.
Converting savings in a Traditional IRA into a Roth IRA can indeed be a big tax-win come your retirement years. But make sure that if you become part of the big 2010 Roth IRA Conversion Rush you understand, and weigh, the tax hit you will take now to avoid taxes in retirement.
Asset positioning can lower your total tax bill in retirement.
If you want to know where your next 401(k) will come from and what it will look like, you might ask Bob Reynolds, CEO of Putnam Investments.
Read between the lines and you'll see that the regulations make it more difficult for credit card companies to make money. So you can be sure they'll be thinking of new ways to turn a profit.
Now it's governments, not just individuals, who are pushing to delay retirement to offset budgetary shortfalls. Despite much popular discontent with the proposed shifts, the reality is that both here and in Europe, our life expectancy has increased a lot more than the increased retirement age limits being discussed to offset deficits.
Here is a strategy I use for all my purchases, whether for large items such as my house, cars, furniture or appliances, or for smaller everyday items such as food and clothing. I buy "just enough" to meet my basic needs and what truly makes me happy.
