IRA

The Shortest Investment Book Ever – Review

12.23.2008 by Bob 6 comments

I just finished James O’Donnell’s book called The Shortest Investment Book Ever: Wall Street Secrets for Making Every Dollar Count. Long title isn’t it? Like the title suggests it is short – about 140 pages and it is smaller in size as well.

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Biblical retirement

10.27.2008 by Bob 24 comments

Bible verses about retirement and resting: While the Bible doesn’t seem to have specific verses referring to retirement, it does point out the importance of rest. God, our creator, understands the value of rest and relaxation. That, of course, is why He created Sundays! To add to that… Then, because so many people were coming and going that they did not even have a chance to eat, he said to them, “Come with me by yourselves to a quiet place and get some rest. Mark 6:31

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My 401k has lost a lot of money – how about yours?

10.12.2008 by Bob 20 comments

Is your 401k losing money? After reading a few articles about people talking about their diminishing 401(k)s, I decided to check and see just how well mine has been holding up against the crisis. I haven’t checked it in months, because I am in it for the long haul and I know that over the last 100 years we have had about 25 recessions and 25 recoveries. I know, some of the talking heads are saying that this time it is different, but from the few I have lived through, they seem to say that every time.

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Paying off loans or retirement savings

06.11.2008 by Bob 11 comments

My student loans were locked in at about 3%, but I don’t think rates that good are available today. I assume a 10% return on my retirement savings, so even if you are paying 5% on your student loans and earning 10% (or even 6%) you still come out ahead. Mathematically, this seems to be the much stronger answer. However, Dave Ramsey’s method -based on our behaviors rather than math, would eliminate any and all debts before investing for retirement.

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Roth IRA 101

06.10.2008 by Bob 4 comments

Right now, you may be wondering why you should invest in a Roth IRA if you currently have a retirement plan (401k, 403b, etc.) with your employer. The Roth IRA has many benefits that other retirement plans don’t have, and chief among them is the fact that your investment earnings may accumulate tax-free. In other words, your Roth IRA has the opportunity to grow without incurring any taxes and can be distributed to you tax free, if some certain conditions are met.

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IRA Changes for 2008

03.01.2008 by Bob 5 comments

You can now roll assets directly from a 401(k) to a Roth IRA. Previously you had to jump through a few hoops by first rolling the funds into a traditional IRA and then converting them to a Roth from there. You still won’t avoid paying

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The one thing I would teach a recent college Grad

12.01.2007 by Bob 13 comments

You just finished your degree and you are probably looking for your first “real” job. This is the perfect opportunity to decide how you would like your financial life to be. You have the choice to spend and buy whatever you feel like which will likely put you in heaps of debt.

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4 steps to retirement savings

08.16.2007 by Bob 2 comments

4 steps to retirement savings

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What is an IRA?

06.04.2007 by Bob 0 comments

An Individual Retirement Account (IRA) is a retirement savings plan that allows you to contribute up to $4,000 a year (in 2007). An IRA is an account in which you can have various different investments. You can put your IRA funds in stocks, mutual funds, CDs, money markets or other investments.

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