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I know I promised a few articles on the different types of self-employed retirement plans, as well as, a follow up post to the ‘fee only vs. fee based’ debate that occurred in the comments section of my Interview with Dylan Ross. And that’s all going to happen this week.

I will post the ‘fee only/fee based‘ article tomorrow, followed by 4 separate posts addressing the pros and cons of SEP’s, SIMPLE’s, KEOGH’s and SOLO 401(k)’s. But first, I wanted to squeeze in a quasi off-topic post, inspired by something that caught my eye late last week.

Last Thursday, I read an interesting article over on Wise Bread titled Chinese Money Habits - How My Culture Influences My Attitudes Towards Money. I thought that post by Xin Lu was incredibly valuable because it shed some light on to something most Americans know little about.

I think a lot of us are hearing more and more about China in the news, but for the most part, the manner in which the average Chinese lives their life remains an enigma to the average American.

Continue Reading “My Personal Experience with Chinese Money Habits”

There is a never ending debate about where you should direct your retirement contributions - into a traditional 401k, Roth 401k, a little of each? a portion into a regular taxable account?

I know this to be true because I’m constantly getting involved in this debate, sometimes on my blog, sometimes elsewhere. Here’s a Roth 401K vs Traditional 401K thread over on All Financial Matters (from yesterday) - that I commented on this morning - dealing with this subject. (Please keep in mind, there are some well informed people chiming in.)

Roth 401k retirement plan option

With the growing popularity of the Roth 401K plan, you get yet another option in the universe of possibilities; as if American investors weren’t confused enough with all their choices. Keep in mind, the income limitations that make investors ineligible for a Roth IRA do not exist with a Roth 401K contribution.

Left scratching your head

It seems to me, when it comes to planning the future, people don’t know where to begin. It’s the same type of overwhelming feeling you get when walking down the cereal aisle of the super market. It almost makes you want to turn around. I know I put the blinders on and just think Lucky Charms, find the Lucky Charms, lol.

Continue Reading “‘My Two Cents’ On Your 401k Retirement Plan Options”

This is the long awaited third installment in my saga to:

1. get out of my old cell phone contract without termination fees
2. get the best new cell phone contract available on the market
3. and cut my Cable/Internet/Phone bill by more than 50%

This is the post dealing with (#3) cutting my C/I/P bill by more than 50%, in case you weren’t sure:)

A little refresher

Way back on November 9th of 2007 Moolanomy alerted readers to a triple play package Verizon was offering. This sounded like a great idea for me; I’d be able to get rid of my existing Time Warner package and replace it with a much cheaper Verizon package, and receive a free 19′ flat screen on top it all.

There are a number of reasons that 3 months have elapsed since I’m getting back to you on this, part procrastination, part delineation of priorities, yada, yada, yada. Either way here’s what happened…

Continue Reading “‘My Two Cents’ on Verizon’s Triple Play Fios Offer”

I ended Tuesday’s post by letting you know that I paid the termination fee of $175 to AT&T (my current provider) in order to switch to the Sprint SERO cell phone plan.

If it wasn’t for the incredible deal that I received from Sprint, along with the heavily discounted price on the new phone that comes with it, I never would have done this.

Let’s take a look back and see how I got to this point.

Continue Reading “‘My Two Cents’ On The Incredible Sprint SERO Cell Phone Plan!”

In this post, I’m going to add ‘My Two Cents’ on avoiding cell phone early termination fees.

(Originally I had planned on covering cell termination fees, unlimited data plans and cutting your cable bill in half, but the post became prohibitively long, so I’ll break it into three shorter individual posts.)

A little background here

I wanted to get out of my cell contract because I needed the ability to respond to emails and instant message on the go, especially the many emails I’m starting to receive here. The phone I have makes that very difficult, so much so, that I haven’t even bothered to get a data plan.

Continue Reading “‘My Two Cents’ On How To Avoid Cell Phone Termination Fees”

Just last week I added the ‘My Two Cents’ category to my blog, along with the image of those shiny pennies that you now see above my picture to the right.

Why?

Because my most popular blog post to date, called ‘My Two Cents on 12 Investing Mistakes and How You Can Learn From Them’, was also one of the most enjoyable for me to write.

And I thought this would be a great way for me to express my opinions on the most interesting personal finance articles I come across from around the web. I Stumble so many posts each week, it should be pretty easy to pick one and add My Two Cents, right?

Continue Reading “‘My Two Cents’ On Personal Finance Blogs”

On Wednesday December 12th, Pinyo over at Moolanomy re-published a guest post he originally wrote for Get Rich Slowly late last year. In the post Pinyo talks about 12 investing mistakes he’s made, and how you can learn from them.

I found the post very interesting because I think many of the points he made were spot on. He addressed many of the issues that investors face. I thought this would be a good opportunity for me to highlight the different sections of his post and add my two cents to each. Continue Reading “‘My Two Cents’ on 12 Investing Mistakes and How You Can Learn From Them”