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Finance


Questions About Roth IRAs, Savings Bonds, Mattresses, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Old savings bonds 2. Attacking spousal debt 3. Wedding cost cutting strategies 4. “Backdoor” Roth IRA? 5. Mattress buying advice 6. Are we ahead or behind? 7. Stocks at all time high 8. Time cost of bargain hunting 9. Purchase-generating media and socializing 10. Family calendars 11. Best …

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Net Worth Update August 2016 – Karl the Real Estate Agent (+27.02%)

Welcome to the Million Dollar Journey August 2016 Net Worth Update – Team MDJ edition. A select group of readers were selected to be part of Team MDJ which was conceived after my million dollar net worth milestone was achieved in June 2014. Karl the Real Estate Agent was selected as a team member and […]


What to Do If Your 401(k) Stinks

Your 401(k) is often the easiest place to start investing because the account is already set up for you and your contributions can automatically be deducted from your paycheck. Unfortunately, many 401(k)s are still behind the times in terms of offering high-quality, low-cost investment options that maximize your odds of success. So, how do you know if your 401(k) is good or bad? And if it’s bad, what should you do? Here’s a quick guide that will help you figure it …

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Human Development, Inequality, and Long Working Hours

One-dimensional indicators such as GNI per capita are known to be flawed measures of well-being. The Human Development Index (HDI) introduced dimensions of health and education alongside income. This column argues that an HDI adjusted for inequality and hours worked gives deeper insight into a country’s economic standing. Using this composite measure, the US falls from first to seventh among G8 countries.




Here’s What Happens When You Don’t Have a Budget

Nobody likes talking about the dreaded “B word.” Just mention the word budgeting in a crowd, and you’ll see perfectly reasonable adults turn into petulant children. After giving you an angry stare, they’ll cross their arms, give you the side-eye, and breathe deeply until the moment passes. Why? Because even responsible and hard-working adults hate the idea of budgeting or planning their spending. They work hard each week, they’ll say, and they don’t want to live life in a cage. And …

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