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

Does Where You Live Matter for Retirement Savings?

By |January 25th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , , |

Yesterday one of my facebook followers asked me a question about where you live and how that relates to your retirement savings. I'm going to answer his question and seven others because that's what I do on Wednesdays. If you want me to answer your question next week, make sure to follow me on Facebook, Twitter, or both and tell

Saving Money For the Future Doesn’t Matter if You’re Dead

By |November 7th, 2011|Categories: Blog, Personal Finance Tips|Tags: , , |

How bad would it suck to be financially responsible all your life, diligently saving money all your life for retirement only to find out that you have cancer and only have a few months to live? It would suck harder than an a capella Black Eyed Peas concert. That's why a big part of being financially responsible is being health