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

Roth IRA Contribution Limits for Married People

By |June 6th, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

The Roth IRA is a pretty awesome way to save money for retirement. I've written about it before. I've made a video explaining it. I even composed and performed a love song to Roth IRAs. But even as a self-professed lover of Roth IRAs, I got stumped from a twitter question I got last night from Michael Zook: @kevin_is_money can

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

How To Invest When You’re Clueless

By |April 20th, 2011|Categories: Blog, Personal Finance Tips|Tags: , , , |

My girlfriend Tag did one of the sexiest things I can imagine earlier this year. She fully funded her Roth IRA. Thanks to some fine financial coaching by yours truly, Tag realized the importance of saving for retirement and she put $5,000 into her Roth IRA in her first year after college graduation. At the young age of 23 years