Money Management

401k Myths Exposed-Don’t Get Fooled by the Hype When Planning for Retirement

401k Myths Exposed-Don’t Get Fooled by the Hype When Planning for Retirement

By in Money Management, Personal Finance, Retirement | 6 comments

6 Retirement Myths-Believe at Your Own Peril (reprinted with permission from Captain401.com) 401k Myth #1 – The 401k is the Best Place for All of My Retirement Savings Not necessarily. There are many different types of 401k plans and some are better than others. In general, you hope that your workplace 401k plan has low fee mutual funds along with low management expenses. It’s also desirable for your 401k to have a point person, or offer access to professional advice for your questions. If your 401k investment choices are filled with high fee, actively managed mutual funds, company stock,...

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5 Reasons to Choose Index Funds for Your Investment Portfolio

5 Reasons to Choose Index Funds for Your Investment Portfolio

By in Investing, Money Management, Mutual Funds, Stocks | 23 comments

Stock Picking is Time Consuming & Destined for Underperformance I haven’t always been an index fund investor. When I started investing, I was a value stock picker. I wanted to invest in companies stocks  that were selling below than their intrinsic value. I spent hours reviewing company annual reports, Securities and Exchange (SEC) documents and listening to company conference calls. During those years, there were some amazing wins – I bought Oracle priced in the teens and sold it for over $100 per share. There were also some losses. Nokia looked like at a bargain at $30 after falling 50 percent, but...

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8 Financial Moves College Graduates Should Make Now

By in Debt, Guest Post, Money Management, Saving, Tips | 3 comments

Guest Columnist, Andrea Woroch The number of Americans receiving associate’s degrees, bachelor’s degrees or master’s degrees in 2016 totals over 3.5 million, a collective achievement worth celebrating. However, the dark cloud of student debt looms above the festivities this year, with the average debt amounting to just over $37,000 — a record high — according to recent reports. While the standard payback period for bachelor degree student loans is 10 years, the average person spends about two decades paying off their college debts due to lifestyle changes including marriage, children, home-ownership and more. To avoid becoming part of this...

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Would You Use a Robo-Advisor? Here’s What a Millennial Thinks

Would You Use a Robo-Advisor? Here’s What a Millennial Thinks

By in Asset Allocation, Automatic Saving, Guest Post, Investing, Money Management | 5 comments

Have You Been Thinking About Getting Investing Help From a Robo-Advisor? 5 Reasons You Should By staff columnist, Alexandra Deluise   In today’s technologically-driven society, it should come as no surprise that robo-advisors are now “a thing.” After all, we like automating everything – why not our investing advice? If you’ve been thinking about whether you should use a robo-advisor, this article will help you answer the question, ‘Should I use a robo-advisor?’ Robo-advisors work by using algorithms to help clients make the best investing decisions, weighing the client’s tolerance for risk and desired length of investment into the equation....

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5 Signs it May Be Time to Sell Your Mutual Fund

5 Signs it May Be Time to Sell Your Mutual Fund

By in Investing, Money Management, Mutual Funds | 2 comments

Should I Sell My Mutual Fund? By Guest Contributor, Arielle O’Shea The first quarter of 2016 saw one of the greatest stock market recoveries in modern history — it was the first time in over 80 years that the Standard & Poor’s 500 index dropped by more than 10% over three months and yet still managed to finish ahead of its start. Does this market volatility mean you need to sell your mutual fund?  In retrospect, the seesaw quarter underlines the advice experts give to long-term investors: Keep to your plan and stomach the troughs. Smart investing is like...

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5 Tips for Business-Like Budgeting for the Home

5 Tips for Business-Like Budgeting for the Home

By in Budget, Guest Post, Money Management | 2 comments

By staff columnist,  Alexandra Deluise Successful businesses have one thing in common: they are good with their money. If you want to maximize your money at home, you should take a business-like approach to budgeting. Here are five things that successful businesses do well, and tips to help you do the same! 1. Businesses Are Organized The first step in getting your household budget ready for business is to get organized. Businesses do this by taking careful inventory of every dollar that crosses their path. Successful businesses also need to know when their bills are due to avoid late...

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