My Retirement Blog

Category: Investing

  • 10 Rules: Don’t Try To Beat The Market

    I wholeheartedly believe in this fourth tip of Forbes ten rules for building wealth of not trying to beat the market. Honestly, you have better things to do with your time than research investments and you should be doing those, instead of checking PE ratios, growth rates, and the like. Strangely, Forbes focuses a lot…

  • 10 Rules: KISS – Keep It Simple Stupid

    The third tip of Forbes ten rules for building wealth is one that, I think, applies to almost everything in life: keep things simple. Forbes recommends that you choose three or four index funds that will give you some good exposure – that is, a nice mix of risk and reward instead of all in…

  • Planning For Retirement At Any Age

    The “Retirement and Planning Center” at Yahoo Finance has a great article from USA Today that outlines a retirement strategy for every age group – 20 to 29, 30 to 39, 40 to 49, and 50 to 59. As expected, the younger you are the more aggressive (emphasis on growth) they recommend you be and…

  • Roth IRA Contribution Limits and Income Phaseout Schedule

    The Roth IRA contribution limits are: Year 49 And Under 50 And Over 2005 $4,000 $4,500 2006-7 $4,000 $5,000 2008 $5,000 $6,000 As you can see, if you’re over 50 then you’re given a “catch-up” contribution. The income phaseout schedule is based on your modified adjusted gross income, which is your income minus some deductions.…

  • Beyond 401(k) & Roth IRAs

    The maximum you can contribute to your 401(k) is $15,000 and the maximum you can contribute to a Roth IRA is $4,000 – so where should you put your money afterwards? Well, my personal opinion is that if you’re able to save $19,000 towards retirement and are still eligible to contribute to a Roth IRA…