It may seem strange to discuss a topic like diminishing returns on an investment site, after all aren’t we all trying to increase our returns? Yes, but in economics and investments, diminishing returns is a very important topic to understand. You don’t want to continue your same efforts, with the same (or even less) reward […]
One of greatest advantages to saving for retirement is the tax benefits you get when investing in an IRA or other approved retirement account. Most people know there are tax benefits to opening an IRA account, but few understand how many benefits there are, and how powerful they can be in the cause of saving […]
There’s a mistake that many Americans have made in the past, and are guilty of making right now. They’re relying primarily or entirely on Social Security for income during retirement. Don’t make this same mistake. The end result is that you won’t be able to pay all of your bills, and my have to find […]
We often think that getting our finances in order takes some sort of grand plan. In truth, you can actually go through a series of five-minute actions that will improve your financial life. The secret is to apply a few minutes to each aspect of your financial situation on a consistent basis, which will help […]
Just about anyone who understands the benefits of a Roth IRA, will want to convert their traditional IRA money to a Roth IRA if they can, but the income tax consequences of the conversion can be significant. Thankfully, there are a couple of ways to work the conversion that will prevent you from losing money […]
When robo-advisors first started rolling out a few years ago, it’s likely they were largely ignored by the rank-in-file among the investment advisory industry. But as the years have passed, the number of robo advisory services has increased, and the sophistication of the services has grown, they’re likely a game-changer in the investment world. Their […]
Rebalancing your portfolio is one of those investment strategies that many investors know but may not understand a lot about it. While some investors rebalance their portfolios frequently, many others let it slide — either because they don’t know how or lack the time to do so. However, it’s one of those essential investment tactics […]
Financial Engines bills itself as your very own financial team, and they do this by providing customers with assistance in retirement planning through an unlikely source: employer sponsored defined contribution retirement plans. If you’re thinking about trying out Financial Engines, read our review first.
There’s often a thought that investing can be broken down to some sort of mathematical equation. But that’s not true. Nothing as profitable as investing can ever be that simple. Investing actually involves a large dose of philosophy, and that includes accepting certain truths, whether or not you’re ready to face them.