Today’s post is in coordination with #FinHealthMatters Day, an awareness campaign spearheaded by the Center for Financial Services Innovation (CFSI). CFSI is a 501(c)(3) non-profit whose mission is to improve the financial health of Americans, especially the under-served, by shaping a robust and innovative financial services marketplace with increased access to higher quality products and practices. See […]
One of the best benefits of my new job is the employer-sponsored retirement plan. The plan was confusing at first, even for me who lives and breathes this stuff. But they made it complicated to maximize the tax advantages. It’s so good, the plan is even better than most of the 401(k)s of the big […]
Thanks to all the extra time away from work, our family is taking a few days of vacation before seeing relatives for Christmas. I wasn’t planning to publish anything this week until one of my affiliate partners* shared a cool holiday-themed infographic about 401(k)s. Before reading the infographic (below), check out this free deal they’re offering […]
A funny thing about living in the Washington D.C. suburbs is most people don’t talk about politics in person. You’d think since so many residents have careers related to the government and military that neighborhood picnic conversations would be about the latest news from Capitol Hill or Pennsylvania Avenue. Definitely not. Aside from an occasional […]
Very few decisions during your time on this earth actually change the trajectory of your life. After a party in 2007, I scanned the huge Evite email list to try to find a woman I met there. Then I ‘stalked’ her on Facebook and asked her out. We have three kids together now. Though truly […]
My 401(k) savings have grown to a plump 6-figure level after 14 years of participating in my employer’s plan. For 13 of those years, it was a very crappy 401(k) plan due to poor fund selection, high expense ratios (fees), and third-party adviser fees. The third party did nothing after 2004. But they still took fees […]
Some exciting news to share with you today. Back in May, I was approached by US News & World Report to become a regular contributor to their On Retirement blog. Since then, I’ve been writing new content about retirement and money once or twice a month. As of today, I’ve written six articles for US […]
The U.S. tax code is filled with a mind-boggling array of tax-avoidance tools including tax-friendly accounts, loopholes, and special favors to various constituents. The primary intent of the tax code is to collect money, but the politicians who shape it add in a bunch of cheats and easter eggs that lower the amount of tax they […]
2016 was a reset for my personal finances. In lieu of achieving epic goal reaching success, I focused on building a more solid foundation from which my wealth can grow. Not all the changes were easy, but the results have set the stage for the years ahead. A sneaky cash flow problem became apparent in […]
I thought I was a frugal mastermind in college. The Subway restaurant near me had a different sandwich special every month. The owner picked one sandwich and sold it at a discounted price. The two cheapest Subway sandwiches have always been the Cold Cut Combo and the Meatball Marinara. Those were my go-to choices for […]
Happy New Year everyone! Did you accomplish your financial goals last year? Any resolutions for 2016? The goals I set last year were mostly a success. Setting firm and measurable financial goals kept me motivated throughout the year. I’ve made some exciting progress. My 2016 goals are similar but need to account for potential uncertainty during […]
In the past few weeks, I’ve reviewed my 2014 financial goals and calculated my forward investment income for the year’s end. Now it’s time to set some new financial goals for 2015. This year I’m lowering the number of goals (four compared to seven) I set while making the new ones more challenging, measurable, and targeted. Last year was […]
We opened a spousal Roth IRA in my wife’s name in 2013 and contributed $5,500 to both her’s and my Roth that year. We’ll continue to contribute the full amount to both of our IRA’s every year going forward, as long as we don’t hit any income limits. Mrs. RBD works her ass off as […]
Back in September 2013 when I started this blog, I wrote a short post about retirement strategy. It was my third post, and it listed out my basic retirement strategy while serving as an outline for what I’d write about on the blog. This post is an updated version digging deeper into my strategy. A […]
