Automatic Saving

Best Way to Play the Lottery (You’re Not Going to Like it)

Best Way to Play the Lottery (You’re Not Going to Like it)

By in Automatic Saving, Personal Finance, Saving, Tips | 46 comments

Playing the Lottery and Investing The best way to play the lottery is using another approach. After all, aren’t you playing the lottery to get rich? Here’s a way to get rich with a greater probability of success than playing the lottery. If you are a lottery player, I want to help you. If you put $50 per month in the lottery over 10 years, you will have spent $6,000. According to Tara Siegel Bernard in a recent NY Times article, “Win a Lottery? Not Much Chance Of That your chances of hitting the jackpot are 1 in 175 million....

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Do Billionaires Need An Emergency Fund?

Do Billionaires Need An Emergency Fund?

By in Automatic Saving, Debt, Insurance, Saving | 29 comments

How Billionaires and the Uber-Wealthy Went Under If you think billionaires don’t go broke, think again. Lottery winners, professional athletes, actors, and others with tremendous wealth have lost it all. The interesting thing about money, not matter how much you have, if you spend more than you make or swindle others, at some point you’ll wind up broke.  Bernie Madoff – From $17.179 Billion to Zero How wealthy do you think the Madoff family is today?  According to a Time.com article by Sam Frizell last year, “Where are Bernie Madoff and His Inner Circle Now?” The once wealthy Madoff family...

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Tax Benefits of 401k Plans: Key Takeaways to Maximize your 401k Benefits

Tax Benefits of 401k Plans: Key Takeaways to Maximize your 401k Benefits

By in Automatic Saving, Guest Post, Investing, Retirement | 0 comments

Guest contributor, Rick Pendykoski Act Now to Enjoy the Tax Benefits of 401k Plans Does you employer offer a 401k plan? Have you been lazy in signing up? Or maybe you signed up, but you’re still not sure about the tax benefits of your 401k plan. With the demise of employer sponsored pensions, the 401k plan is your retirement safety net. In 1986 congress created the 401k plan to give employees a tax-advantaged way to save for retirement. There are two versions of the 401k, the tax-deferred 401k and the newer Roth 401k. Barbara’s comment; In fact, the 401k that...

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Lazy Investors Asset Allocation Guide to Amass $787, 355

Lazy Investors Asset Allocation Guide to Amass $787, 355

By in Asset Allocation, Automatic Saving, Bond, Budget, Investing, Money Management | 0 comments

5 Step-Lazy Investors Asset Allocation Guide “Trying to consistently pick investments that are going to beat their benchmarks is like trying to win a marathon wearing muddy boots. There is a lot of drag, and your odds of winning are very low. The high costs associated with attempting to beat the market will almost guarantee sluggish results.” ― Richard A. Ferri, All About Asset Allocation, Second Edition Who doesn’t want to amass a lot of money for retirement? Of course you want build a big nest egg. But if you’re like most people, you’re not sure how much to...

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Should a 30 Year Old Think About Retirement?

Should a 30 Year Old Think About Retirement?

By in Automatic Saving, Guest Post, Investing, Retirement | 0 comments

Contributing columnist,  Alexandra Deluise Get the Answer; Should a 30 Year Old Think About Retirement? The earlier you start planning for retirement, the easier it is to save what you need.  If you’re in your 30s, retirement may seem a long way off. But did you know that’s actually a good thing? More than anything, having time on your side can make or break even the best-laid retirement plans. The reason for this is compound interest. Should a 30 Year Old Think About Retirement? Yes. Here’s how to do it, and it’s easier than you think. Would You Like...

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Is Buy and Hold Finished? Read What Hulbert Says About Market Timing

By in Advanced Investing, Asset Allocation, Automatic Saving, Bond, Investing, Mutual Funds | 15 comments

Market Timing versus Buy and Hold Investing; The Gloves are Off Is it wrong to delight in “proof” that my investing practice and writings are correct? Mark Hulbert, long time author of the Hulbert Financial Digest and Wall Street Journal (WSJ) columnist asked, “Can Market Timers Beat the Index?” in the July 20, 2013 week end edition of the Journal. He answered this frequently attempted practice with raw data! Who is Mark Hulbert? First, some background on Mark Hulbert. He empiricallly evaluates the trades recommended by 200 prominent newsletter authors. You know who they are, the investment scions who...

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