Don’t touch that 401k!

With a presidential election days away, turmoil in the markets, and the government set to spend nearly a trillion of our dollars “fixing” a mess the government created—investors are understandably worried, even afraid.

Recently, one worried reader asked the following:

It’s October 11, 2008. A time of recession, bailouts, economic collapse, and massive government debt. [...]

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Why I’m saving less for retirement

Many financial advisers emphasize the importance of building a large nest egg. While a large nest egg is a great idea, this strategy can make people focus on the future at the expense of the present.

That’s a trade off we’re not willing to make.

Many people view their retirement balances as the solution to their situation–working [...]

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Changing 401k strategy

Q: I’ve invested in my 401k for 11 years now and have experienced many ups and downs, but I didn’t do much research when I started. What’s the best way to invest for retirement?

A: You’re right to step back and start anew with a more methodical, researched approach. I’d recommend you read a good investing [...]

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Wise Investing Made Simple (Book Review)

Have you ever wondered how to get rich investing in the stock market?

Would you like to know how the most successful investors made their fortunes?

Are you confident you can accomplish anything you set your mind to?

If you answered yes to all of these questions, relax, you’re normal.

Unfortunately, you’re also probably on the path to financial [...]

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Step 2 - Save enough

People often set money aside for retirement, but underestimate how much they need to save. Fortunately, figuring out how much to save isn’t too difficult.

How much will I need at retirement?

Experts generally agree that you can safely spend 2-3% annually of your nest egg. Anymore, and you significantly increase the risk of outliving your savings. [...]

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