You use both investments and contracts to build your net worth and reach your R Minus 10 milestone. What’s the difference between investments and contracts, and why does it matter? Because like any smart consumer, you need to know what
Twenty years ago during the Dot-Com 1990s, when I had a lot more money, I put $50,000 into a donor-advised fund. It felt like the right thing to do.
If you are reading this blog, you probably want to know how the economy works. Maybe terms like recession, inflation, interest rates, and consumer credit fly through the news but leave you with a vague, uneasy feeling. Watch this video,
I’ve come late to retirement income planning. Now I find myself ten years from when I’d like to retire (although not quite at the R Minus Ten milestone), with a mish-mash of accounts. I have an IRA account, a standard
At the end of 2016, I looked at our family’s investment performance and thought, “We need to up our game.”
In a recent retirement study by Transamerica, respondents of all ages said that they would need to save at least $1 million to feel secure in retirement.
Now you know that, thanks to compound interest and the Rule of 72, you can double your money in ten years with just seven percent interest. So, where can you safely earn seven percent interest?
Since the 1400s, books on investing have described the Rule of 72.
People claim that Albert Einstein called compound interest “the most powerful force in the universe.”
When money professionals mention “the time value of money,” most people’s eyes glaze over. Professionals only make it worse by following up with, “A dollar today is worth more than a dollar a year from now.” (For example, in this