Retirement
Helping Ashley Start Her IRA
We recently heard from Ashley, 25, a documentary filmmaker in Seattle: "How do I get started on an IRA? Or a Roth? I want $340,000 in 30 years!" We offered to help Ashley launch her retirement account, and she agreed to share her saga, as it... ➡
Target Date Mutual Funds
A recent study found that most investors who have target date mutual funds don't understand how they work. What makes this discovery sort of funny—but not in a good way—is that the point of target date funds (TDFs) is that they were supposed to... ➡
Doing the Math on a Roth IRA
Now that we're all focused on Saving UP!, I want to address one of the great IRA puzzles: What is the difference between a regular IRA and a Roth? Luckily, it's an easy and fun question to answer. Let's imagine there are two cars: a Chevy Ira and... ➡
Self-Employed Retirement Magic
It's much harder to save when you're self-employed. Nobody in HR is going to coax you out for a power point, some coffee and a few prospectuses—and then set up automatic contributions for you. You have to do it yourself. And you must. And with... ➡
A 401k No-No
Dear DailyWorth, I recently heard that a co-worker used some of his 401k money to pay off a credit card. I am 27, and have $11,000 in credit card debt. Should I do the same? ~ Katie M Dear Katie, GACK! NO. And here's why: It will cost you a... ➡
