11 Retirement Saving Tips for Twentysomethings (& Older Folks Too)

Spring has finally arrived! Not coincidentally, I can’t help but notice that the birds are once again building their nests in my trees.

Of course, watching those provident early birds got me thinking about the financial importance of feathering our own nests for retirement.

Here’s the rub: For most twentysomethings, saving for retirement is typically far far down their priority list. Let’s face it, it’s tough to get motivated preparing for an event that won’t arrive

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100 Words On: Why Tracking Your Net Worth Is So Overrated

Many people dream about reaching the million-dollar net worth milestone, as if that lofty benchmark somehow guarantees a strife-free financial life. Preposterous! Net worth — the value of your total assets minus your total liabilities — is overrated because it’s very misleading, as evidenced by many “paper millionaires” who struggle to make ends meet. Yes, net worth is a terrific indicator for estate planning, or identifying how much insurance you

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5 Ways to Avoid Outspending Your Income in Retirement

Everyone looks forward to their golden years as a wonderful time of relaxation and enjoyment. It’s a time to revel in the fruits of your labor, or volunteer if you feel like it. The last thing you want to do is to outspend or outlive your income in your retirement years. Here are a few ways to avoid that scenario.

Start Early

It’s a known fact that those who start to save

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Don't Be a Moron: How One Man Paid $87,500 in 'Moronic' IRA Fees

Over the years I’ve read plenty of articles and blog posts about lying, cheating, and dumb advisors.

While lying and cheating advisors are a topic for another day, I know from experience that there are plenty of morons in the advisory business. I’ve had the er … pleasure … of meeting some of the worst. To wit:

One advisor I knew actually said, “I’m not some kind of rocket driver, but …”

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Early vs. Delayed Retirement: Which Path Is Harder?

Not too long ago, I was driving my family along the foothills of Southern California, at the base of the magnificent San Gabriel mountains.

Believe it or not, the San Gabriels top out at over 10,000 feet; and while the panorama from the top of Mount Baldy is stunning, I think the view from the base of the range is arguably even more impressive as you cast your eyes up its

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5 Personal Finance Tenets That Aren’t as Smart as They Used to Be

When I was a kid I used to love the fun houses found at summer carnivals and local fairs.

I loved the sense of twisted reality provided by image-distorting mirrors and the wacky side-rooms where water appeared to flow uphill and it was nearly impossible to stand straight.

Today, thanks to an extended period of near-zero interest rates, years of massive government deficits, and central bank “money printing,” we’re all stuck in

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24 Smart Money Tips Everyone Can Learn by Playing Doctor

So … Who wants to play “doctor” with me?

I know what you’re thinking, but you can relax. I promise nobody will end up in the principal’s office after we’re finished here. That’s because this version only focuses on taking a peek at our … personal finances.

If you’re interested in anything more risque than that, you’re at the wrong website, pal. Sorry.

OK, ready to play? Then here we go:

If you show

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How to Retire Five Years Earlier Than You May Think You Can

This is a guest post from blogger Joel Larsgaard, who is the proprietor of Save Outside the Box.

Who wants to work ’til they’re 75? Not me. That’s why I’m constantly thinking of ways to make a little more or spend a little less in order to save more for the future.

If you have the same priority there is one change that you can make in order to quit your day

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9 Important Tips for Managing Financial Risk

Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.

For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts

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Economic Collapse 101: Ten Ways to Prepare for the Unknown

Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.

I recently explained why I believe an economic collapse is inevitable and what it would look like.

If history is any guide, the good news is that economic collapse won’t result in

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