I get asked a lot about whether people should put their money into a ROTH IRA or a Traditional. It is always a tough question and usually the answer is “it depends”. But I thought I would lay out a little quick “rule of thumb”. First a quick refresher: A ROTH IRA (or...
One of the more common questions I get asked by my client is what to do with the cash they have sitting in a savings account making, well, nothing. I always recommend having cash in a savings account (how much is a story for a different day!) but if you have ever...
Found this article to be fascinating. I think that most salient was the importance of: Diversifying your income streams to be flexible Even a business needs a "rainy day fund" which is equivalent to investing in the business Having a board of advisors and people that...
Great article from a great guy. I have to agree with Mitch on this major point: In a world of shrinking pay and larger and larger gap between rich and poor — the ability to be flexible in your job is a new form of wealth. Deciding to stay at home with kids or to work...
Came across a great article about withdrawal rates. What is a withdrawal rate, you ask? Nailing it is the holy grail of financial planners and is in fact the only thing you really care about in retirement. It is the rate at which you withdraw money from your...
My good friend Matt Kerkhoff, who runs Model Investing, wrote this article recently. While Matt and I don't always agree on things (he tends to be the academically correct and I tend to be much more practical) he and I always agree on our core principles: rules based...
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