“How often should I rebalance my 401k?” a friend of mine asked me once. I then asked him if he knew what that actually meant. He said he heard it on TV and figured I could tell him what it meant. I told him that if you have funds that are being invested at certain…
Roth 401k vs 401k for high earners – what is the difference between the two and when should you worry about it? I remember the day when I finally made enough money and had paid off enough debt to fully maximize both my wife’s and my’s 401k contributions. I then started to wonder how much…
Is 401k a scam? I was talking with a friend of mine and she had pulled all of her money out of her 401k in 2009. She lost about 50% of what was in there because she was invested in a fund that had a higher risk than she was comfortable with. On top of…
Stock options are a mystery for most casual investors. You may have heard of this during 2021 when everyone was a buzz about shorting GameStop stock. What in the world does that mean? Well, it is about stock options, which is basically a bet that a stock will do better or worse in the future….
Retirement can be very confusing because when you start a new job they hand you a huge packet of all the info you are expected to know for your job. So between a hundred pages, there is a couple of them that deal with your retirement. But no one can legally tell you what to…
Early retirement pros and cons. I remember working another 20-hour day in my IT job wishing I could retire at 38 years old. Then I got sick for about a week and thought to myself, “Man daytime TV sucks.” This got me thinking should I retire early? If I did what would I do with…
Most men have their entire identity wrapped in their careers. Even if they hate the work they do. You see women wrap their identity into children if they have any and men do that with their job. So even if you dream of retirement then you will need to spend the time needed now to…
Can I retire at 60 with 500k in retirement? It is amazing to me how many people really hate their jobs. I used to be the same way when I was working more IT support jobs. Just really couldn’t handle angry people or the long hours. I was looking and asking the same questions. How…
How To Build Wealth In Your 40s. This decade and your 50s are the best decades generally to make money at a traditional job. You should be far into a career by now and have worked your way up the corporate ladder. Or you started a company and figured out how to make it work…
