Jeff Rose over at Good Financial Cents is a CFP who sees dozens of older clients. Nearly every week he meets people in their 60s and 70s who tell him "I wish I'd started earlier and saved more." Recently I heard from a military spouse with the same sentiments. The difference is that she's figured it out at a much younger age, and she's already … [Read more...] about If I Only Knew Then What I Know Now – How to Catch up on Your Retirement Planning
Money Management & Personal Finance
You're probably as tired as I am of these blow-by-blow breathless updates on the Roth TSP. At least the military's Defense Finance and Accounting Service is doing a better job of coordinating their announcements with the federal Thrift Savings Plan. The board of governors of the TSP has announced that the Roth version of the TSP … [Read more...] about Roth TSP: 7 May, but later for military
Frugality is hot again. I'll start this post at the end of the story: during the Great Recession, Americans rediscovered frugality. Only this time, the information had already been archived on the Web and a core of tech-savvy people had dedicated themselves to the lifestyle. Frugality and simple living had never gone away, but they certainly … [Read more...] about Old-school frugal
Last week I posted about military retirees who are exploring bridge careers and others who are planning to retire with adequate cash flow but low savings. "The Military Guide" is packed with more real-life stories from people who have solved these challenges. One of the themes behind these stories has been making sure that their families were on … [Read more...] about Do you have affluenza?
Source: goodfinancialcents.com via Jeff on Pinterest Earlier this month, noted CFP & military veteran Jeff Rose was running a financial seminar with a roomful of college students. These seniors are graduating in a couple of months to (hopefully) earn the big bucks for their retirement accounts. He wanted to suggest ways to start on … [Read more...] about Starting your kid’s Roth IRA
The Thrift Savings Plan "Highlights" newsletter came out last month with an update on the annual expenses of their six type of index funds: 0.025%. Two-and-a-half basis points. 25 cents of expenses for every thousand dollars in your TSP account. As far as I've been able to learn, that's America's cheapest collection of tax-deferred passive index … [Read more...] about Is the Roth Thrift Savings Plan right for you?
Short post today. (Especially for me.) We just returned from Las Vegas and I have plenty to catch up on. I need to edit down a couple longer posts (on blogging, ironically) for the next two Thursdays. I guess it wouldn't hurt to get started on our tax returns, either. I'm working up a bonus post for Jeff Rose's Roth IRA Movement, and I'd better … [Read more...] about Completely worth the money
Let's do more on the theme of "America Saves" week. Kate Kashman had a wonderful post last month on "Ten Things I've Bought That Were A Complete Waste of Money". That sparked a great discussion in our house on where we've wasted our money over the years. Our own list was surprisingly difficult to put together. One reason might be that spouse and … [Read more...] about A complete waste of money
USAA just rolled out a new set of planning tools for retirement and savings goals. Zack Gipson, USAA's VP of Wealth and Retirement Planning, gave me beta-tester access to their server and then answered my interview questions. These tools are worth a look-- especially if you don't enjoy using retirement planners. You're in for a pleasant … [Read more...] about USAA’s retirement planner and financial goal-planning tools
I read a number of personal-finance discussion boards, and one of the largest is Bogleheads.org. Their best feature is the user's wiki, which has grown way beyond a basic FAQ page to become one of the Internet's top unbiased online guides to investing and retirement. Just over a year ago a poster started a thread on military investing … [Read more...] about TSP tips and trivia