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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”

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”