Archive for August, 2007
Wednesday, August 22nd, 2007
Should We Increase Taxes? (Part 1)
Talk about a loaded question.
I don’t know as much about taxes as I should. You’d think that the average American would know at least a little info about taxes and I’m trying to promote financial literacy so I’ll start with a little research.
What type of tax? Income tax, social security tax, Medicare tax, […]
No Comments » - Posted in Miscellaneous by admin
Monday, August 20th, 2007
How to Earn $1,000/day - Compounding Interest - Again
I cannot/do not desire to work until the day I die.
I should not count on social security for help in retirement.
I should not depend on financial assistance from others during retirement.
Regular savings will contribute towards these goals and provide me with a foundation upon which I will be self sufficient.
Is there relative truth in these […]
No Comments » - Posted in Planning by admin
Tuesday, August 14th, 2007
The Start of a New Job : Look Into that 401K
One of my friends recently obtained his MBA in finance and just started a new job. I asked him whether or not his company had a 401K plan and if he was contributing to his 401K. I figured this was a pointless question because he’s an absolutely brilliant, driven, and capable individual; his […]
1 Comment » - Posted in Retirement by admin
Monday, August 13th, 2007
Management Fees : Plug the Hole in Your Leaky Bucket
Recent Conversation:
Guy: I don’t know much about ETFs, I just invest in a mutual fund.
Me: What kind of fees are they charging you?
Guy: I’m not sure, but their performance has been pretty great in the past couple years.
Me: You don’t even know how much money they are charging you?
Guy: No.
As promised, here is the breakdown […]
No Comments » - Posted in Investing by admin
Monday, August 6th, 2007
Fear is no reason to raid 401(k) : Bankrate
Bankrate advisor Steve Bucci responds to a question about flushing a 401K account.
Dear Debt Adviser,
If the economy crashes, I know my 401(k) will disappear, but my debt won’t. So, I was thinking of raiding my 401(k) to pay off my credit card debt. What do you think?
- Stephen
Bankrate’s advisor Steve Bucci response to this question. […]
No Comments » - Posted in Planning, Retirement by admin
Monday, August 6th, 2007
How Speculators Exploit Market Fears
How Speculators Exploit Market Fears
By Ben Stein
“The recent market sell-off wasn’t a crisis, but speculators have something to gain by making investors think it was.”
I agree with what Ben Stein; but what kind of case can be made to show that recent market activity isn’t the start of a new trend in market direction?
First, a […]
