stacks of coins on desk - roth ira income limits for 2016 roth ira contribution limits

Why You Shouldn’t Use a Roth IRA as an Emergency Fund

Nadine writes in: Does it make sense to use a Roth IRA as an emergency fund? It seems like I could contribute money to it,

07.20.17
woman worried about finances and money - 401k myths

Three Myths About Your 401(k)

With traditional pensions all but disappearing, the workplace retirement plan has become the bedrock of many people’s retirement savings strategy. Four out of five Americans

07.15.17
biking

The ‘Coast’ Strategy for Retirement Savings – and How to Implement It

Erika writes in: 23 years old, graduated last summer and finally got a good job in my field making $60K in a good cost of

07.09.17
retirement mistakes - man sitting on dock by lake

Nine Money Mistakes New Retirees Can’t Stop Making

If you’re on the fast track to retirement, you’re probably busy planning your new, post-work world. Perhaps you’re considering a stint as a volunteer, or

checking investment accounts on computer

A Simple Guide to Choosing a Strong Investment Option in Your Workplace Retirement Plan

Noelle writes in: I finally decided to start saving for retirement using the 401k at work. I’m 39 years old. I have been trying to

05.23.17
distraught man

What to Do When Saving Anything Meaningful for Retirement Seems Impossible

Frank is a reader of The Simple Dollar who has messaged me on Facebook a few times. He has a solid job working for the

05.17.17
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How to Choose the Best Health Savings Account

Ever since the passage of the Patient Protection and Affordable Care Act (PPACA), Americans have shown a renewed interest in health savings accounts, or HSAs.

05.15.17
do it yourself diy

How to Create a DIY Pension Plan

The retirement savings landscape has changed a lot over the past few decades. It used to be that if you held a steady job for

05.08.17
sinking boat in harbor - hidden retirement fees can sink your 401k

Is Your 401(k) Leaking? Seven Hidden Fees That Can Sink Your Retirement

If you hope to retire one day, and you’re not one of the lucky few with an old-school pension, saving and investing regularly isn’t an

04.17.17
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Two Pieces of Unconventional Wisdom in the Traditional vs. Roth IRA Debate

There are some flaws in the conventional wisdom surrounding the traditional vs. Roth IRA debate that may be costing you money. The conventional wisdom says

04.03.17
handing money - how to maximize your 401k employer match is free money

How to Maximize Your 401(k) Employer Match

If I offered you the chance to immediately double every dollar you saved, would you take it? Of course you would! You work hard to

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401(k) Vesting: What It Is and Why It Matters

You’ve almost certainly heard that if you’re saving for retirement, taking full advantage of your 401(k) employer match should be your first step. That match

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The Pros and Cons of Investing With Robo Advisors

The last few decades have been very good for individual investors. Vanguard introduced the first publicly available index fund in 1976, and since then index

fruit loops stacked in bar graph - index investing

I’d Rather Be ‘Average’ Than Broke

When you read up on investing, it’s easy to get the sense that there’s one way to invest for “average” people, and another way to

02.06.17
dad with newborn baby - when to hire a financial advisor

Six Times You Should Hire a Financial Planner (and Three Times You Shouldn’t)

Financial planners get a bad rap, and to a large extent that’s deserved. Far too many “planners” are really just salesmen in disguise, tasked with leading

three arrows

What Kind of Retirement Is Right For You?

I had a great lunch today with an old friend of mine. We used to work together and he was a couple of decades older

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Everything You Need to Know About Expense Ratios

If you want better investment returns, one of the smartest things you can do is find lower-cost investments. Not only are smaller fees a good

family on vacation - save money on travel

Lean Financial Independence: Early Retirement on a Supertight Budget

Sarah and I are at an interesting crossroads in our financial journey, one we’ve alluded to a few times recently. As we’ve said before, our