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18 Common Retirement Investing Mistakes and How to Avoid Them

18 Common Retirement Investing Mistakes and How to Avoid Them 1

Learn from your mistakes is good advice, but learn from other people’s mistakes is even better. I’ve been investing since 1996. In the process, I have learned a lot, mainly from trial and error. Today, I’d like to share some of the mistakes I’ve made when I was a newbie investor, along with some pitfalls … Read more18 Common Retirement Investing Mistakes and How to Avoid Them

The 80 Percent Rule for Retirement Explained and Improved

The 80 Percent Rule for Retirement Explained and Improved 11

In How Much Money Do You Need to Retire, I mentioned using the 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it: You need 80% of your pre-retirement income during your retirement. Where Did the 80% Number Come From? The theory behind the 80% number is that … Read moreThe 80 Percent Rule for Retirement Explained and Improved

How to Start Investing in Stocks for Beginners

How to Start Investing in Stocks for Beginners 15

Neither one of my parents know how to invest in the stock market, and it wasn’t a part of my formal education. I had to learn how to invest on my own by trials and errors — so I know how intimidating it is for people who are new to investing. Where do I start? … Read moreHow to Start Investing in Stocks for Beginners

Liability, Collision, and Comprehensive Auto Insurance Explained

When buying auto insurance, you need to know the differences between your coverage options. Understanding what different types of coverage are included in your policy can help you make better decisions about protecting your car and your assets. Types of Auto Insurance Coverage There are three types of auto insurance coverage: liability, collision, and comprehensive. … Read moreLiability, Collision, and Comprehensive Auto Insurance Explained

Best High Interest and Reward Checking Accounts for August 2019

If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment. Before you sign up, review the requirements carefully because many … Read moreBest High Interest and Reward Checking Accounts for August 2019

Should You Invest in Target Date Funds? Pros and Cons

Should You Invest in Target Date Funds? Pros and Cons 23

My first encounter with a Target Date Fund was back in 2006 when my company made Vanguard Target Retirement Funds available for our 401(k) plan. I evaluated the option of using a Target Date Fund but decided against using it because I prefer to manage asset allocation myself using the more traditional asset class-based funds. … Read moreShould You Invest in Target Date Funds? Pros and Cons

The S&P 500 Index Historical Returns

The S&P 500 Index Historical Returns 28

The S&P 500 is one of the largest barometers of overall stock market performance available. Most investments use the S&P 500 as the benchmark and compare themselves to the S&P 500 performance. What is the S&P 500 growth rate? As you will see below, the number we regularly use on this blog is a 9% … Read moreThe S&P 500 Index Historical Returns