Is Your 401k Safe From the Government?

By |November 29th, 2012|Categories: Blog, Economics / Politics|Tags: , , , |

I recently took a loan from my 401k to buy my first house (which is closing next week and I'm super excited about) and one of the reasons I'm comfortable using 401k money now is because I have no idea what the government is going to do with retirement funds in the future. The other day I read an article

How I Plan to Retire

By |November 19th, 2012|Categories: Blog, Life|Tags: , , |

Last week I wrote about how I took a loan from my 401k to help me pay for my 20% down payment on a house. Some people thought it was a great idea. I even got an email from a good friend telling me that the information was incredibly useful for him and he thanked me profusely. Other readers thought

Social Security Taxes the Poor to Benefit Rich White People

By |July 26th, 2012|Categories: Blog, Economics / Politics|Tags: , , |

I hate Social Security. I hate that it takes 6.2% of every dollar I earn (temporarily 4.2%), and takes 6.2% of my income from my employer (who would probably be paying me that extra 6.2% if they weren't paying it to the government!). Imagine how much more I could save for my own retirement if I had a 12.4% raise.

The First Step to $1 Million of Net Worth

By |March 29th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

I got a reader email that I had to share for two reasons. First, the question is about saving money and investing for retirement and it coincides very well with the Roth IRA Movement. Second, the reader is only 20 years old and is already looking at retirement savings!!!!!! This guy is a freaking BOSS!!!!!! We'll call him Military Mike,

Teach Someone About Roth IRAs Today

By |March 27th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

Today I'm a part of the Roth IRA Movement. Of for those of you on twitter, the #RothIRAMovement This all started with my good buddy Jeff Rose, who asked a group of over 50 college students to raise their hands if they knew what a Roth IRA was. Not a single person moved, except maybe to send a text or

A Roth IRA Isn’t Completely Tax Free

By |February 27th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , |

Last weekend I got a phone call from my cousin Tootie (not his real name, but a nickname I've used for him forever). He's a junior in college and most of our conversations revolve around sports so I was expecting to get some trouble about Mizzou blowing a 19 point lead against Kansas. Imagine my surprise when he told me