Start Saving for Retirement Now (Yes, You) With These 5 Simple Tips

Six out of 10 Americans don’t use a budget or track their spending, according to the 2013 Harris Interactive Consumer Financial Literacy Survey. This statistic jives with HelloWallet’s report from last October, which found that 60 percent of households are accumulating debt faster than retirement savings. No matter what stage of life you’re in, you need a plan to save for retirement. Start with the following tips:...

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Stock Market Punishment: The First Lesson of 2013
Jan07

Stock Market Punishment: The First Lesson of 2013

The podcast team is giving the interns a well-deserved week off, so lucky reader….YOU get a FREE extra blog post from Average Joe. I know. Pinch yourself. It’s real. Almost like our awesome rare Saturday post this week. Look at what the media did to you again. The sky is falling! Fiscal cliff! Doom! Stock market will be in shambles! Hide your children! Big ratings for the financial channels, huh? If you listened and moved...

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Five Money-Saving Tasks That’ll Help You Cha-Ching! in the 4th Quarter
Oct04

Five Money-Saving Tasks That’ll Help You Cha-Ching! in the 4th Quarter

I love the sound of the cash register ringing, don’t you? If you’re going to be successful in your financial life, treat it as if it’s a business and you’re trying to hear that awesome cash register sound. If you don’t, you’ll always prioritize yourself behind more “important” activities like your job (nevermind that the job is there to help your net worth…that’s probably the subject of another post). Every business has a...

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Managing Your 401k or IRA: Does Moving Money Around Every Day Help Your Returns?
Jul26

Managing Your 401k or IRA: Does Moving Money Around Every Day Help Your Returns?

I was invited to speak to a nice group of people at Walsh College in Troy, Michigan last night. One woman asked, “What do you say to someone who messes with their 401k non-stop?” btw: Thanks, Greg, for the invite! Hopefully I didn’t bore your students silly. Let’s face it: 90% of us fall into one of two camps: 1) You obsess over your 401k and tinker with it constantly. or 2) You only remember you have a 401k or IRA plan when the...

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Americans Are Worried About Retirement. Really?
Jul24

Americans Are Worried About Retirement. Really?

Yesterday’s USA Today featured a study commissioned by the Consumer Federation of America and Certified Financial Planner Board of Standard, which revealed that more households are struggling financially than 15 years ago. I’m not shocked by this “revelation.” Talking to one of my favorite bloggers, Len Penzo (from the aptly named Len Penzo dot Com) a couple weeks ago, Len commented that a “big” financial blogger is lucky to find...

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The Roth IRA – Like Ice Cream, But in the Tax World
Mar27

The Roth IRA – Like Ice Cream, But in the Tax World

Today’s post is part of a larger effort in the personal finance community to discuss Roth IRAs. Congratulations to Jeff Rose of Good Financial Cents for organizing such an effective Roth IRA movement day.   I remember when I was maybe nine. My dad FINALLY let me order my own banana split at the local Tastee-Freeze. I’d watched him down banana splits with pride. First he’d take care of the cherry and whipped cream. Then he’d...

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