Tagged With: retirement

Why to use the 15% rule for saving for retirement

WARNING: This post contains math. Last time, when I talked about saving for retirement, I mentioned that I put away at least 15% of my income away in retirement. It occurred to me that some readers may feel like I’ve taken that number randomly. To be fair, I didn’t invent the number. I find it … Continue reading »

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Here’s when we really want to be celebrating National Save For Retirement Week

I logged in to my Vanguard account earlier this week, and found this admonition: I must confess, I didn’t know about this celebration week. For this I can only apologize, although to be fair there are plenty of celebration days, weeks, and months to have to remember. For example, the same week was also National … Continue reading »

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If you feel like you have too much debt to ever save for retirement

I believe retirement is possible for us. But at the same time, I’m on record saying that student loans (and other debt) need to be paid off before starting to invest for retirement. “What gives, Mike? I have so much debt that I’ll never get it paid off, so I’ll never have any money for … Continue reading »

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Is retirement possible?

Retirement is a scary thing to think about. Many people think that they’ll never be able to retire, that they will be forced to work until they die. But it’s worth taking a look at what retirement is and whether it’s really as impossible as it seems.

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Financial cage match: ETFs versus mutual funds

I want everyone to be an investing expert. Thankfully, I also believe that simplicity in investing is best. Create a Roth IRA, put money into low-cost index funds, and repeat this every month. When I say “low-cost index funds”, I’m talking about a special class of mutual funds. These are no-load, passive funds, designed to … Continue reading »

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How to transfer an IRA to Vanguard

Many years ago, when I was first learning about investing, I decided to start my own IRA. At my coworker’s suggestion, I set up the account at Scottrade. Over the course of two years, I put a little bit of money in it, and then sort of left it alone. In hindsight, I guess I thought … Continue reading »

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It’s 4 AM: Do you know where your retirement accounts are?

I just remembered that I have a gift card with money on it that I haven’t yet spent. The gift card is for Williams-Sonoma, a nice place for sure, but looks like I’ll be able to afford only a pot holder or half a pair of tongs. I’m not alone in not spending my gift … Continue reading »

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Can you use your retirement account as your emergency fund?

  My high school algebra teacher always had some sagacious advice for our class. “Open the door before you walk through it.” That sort of thing. This always elicited a laugh from us, which I suppose was the point. Though laughs aside, there is an order to operations. Walk before you run. Shallow before deep … Continue reading »

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Financial cage match: Paying off student loans versus investing for retirement

  Recently, I made the bold claim that those who have debt aren’t ready to start saving for retirement. I added some relaxing caveats, but I really wanted to put them in an order. Debt first, investing later. I don’t think this advice is particularly contentious when it comes to credit card debt. I’m pretty … Continue reading »

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Do you even want to retire?

  I talked last time about the need for a plan for your time in retirement. Of course, for many of us, the idea of retirement seems a fantasy, and a cruel one at that. Who is going to have the money for that, aside from the 1%? My answer to that, if you’ve been … Continue reading »

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