Garfield Watson

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8 Tips for First-Time Investors

Stocks and bonds can be intimidating things, especially for those without a formal financial background. Here are just eight tips for the first-time …

Investing

This Is What Keeps Rich People Up at Night

When it comes to retirement, Americans’ biggest fears are that they’ll run up huge medical bills, or that they’ll outlive their savings and run out …

How to Save $100 a Month for Retirement

Almost anyone can save $100 a month – a mere $25 a week – for retirement. Tax breaks and a 401(k) match make it even easier to accumulate an extra …

The Top 3 Strategies for a Secure Retirement

There’s a lot more you can do than tinker with your portfolio.<p>When you read about retirement income security, you probably read a lot about asset …

This couple set aside half of their income to pay off their entire mortgage in only 5 years

"Once I moved in, we decided to accelerate the payments and find out the maximum amount we could put to the mortgage per month, and sat down to see if it was feasible," explains Trevor. "Both of us went through university paying our way, and being debt-free was always kind of a goal."<p>"When you pay …

Personal Finance

How To Become A 401(k) Millionaire In Four Easy Steps

If it weren’t for the tripwires of human behavior, becoming a millionaire would be a pretty easy path to follow.<p>It’s mostly math and good habits.<p>So when I came across this piece on nowitcounts.com, a Web site for investors over 50, I saw a clear message: If you save consistently, the miracle of …

Retirement

Don't make these 2 big investing mistakes

The biggest losers in the investing world typically do two things wrong: they hoard cash and they trade a lot of stocks.<p>The stock market had a terrific year in 2014, yet nearly a quarter of investors still managed to lose money, according to Openfolio, a website and app that allows investors to …

Investing

Are you ready for a longevity annuities tsunami?

New rules open a landscape of possibilities for retirees to draw income in their 80s and beyond.<p>At a recent Retirement Income Industry Association …

How to save $1 million in your 401(k)

Got $1 million in your 401(k)? Some savers might be surprised how feasible that savings goal is if they put their mind — and their money — to it.<p>Of …

Why cash is never a good investment - Dual Income No Kids

4 comments<p>Good morning Dinks. Let me ask you a question, do you have cash in your investment portfolio? I don’t mean if you have cash in a savings …

What You Need to Know to Max Out Your Retirement Savings In 2015

This year, thanks to a few tweaks to the tax code made by the IRS, you can contribute more to your retirement. The money invested today, that grows at a modest 5 percent, will be worth four times as much in 30 years (e.g., $10,000 turns into $40,000). Find out what you can do now to maximize the …

If You Want to Retire in 10 Years, Do These 5 Things Now

The decade before retirement is a critical time. Here's how to make sure you're on the right path.<p>After 30-plus years of working and socking away …

Spend Money on Things You Love, Not Just Like, to Save More

The more money you have, the more ways you'll find to spend it all. To get a handle on your impulsive spending, divide your potential purchases into …

Here’s How Much the Typical American Saved Last Year -- How Do You Compare?

Believe it or not, these numbers are much better than they were a decade ago.<p>Read the financial news with any regularity and you know we Americans …

Want to retire at 50? Make your dream come true

<b>High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.</b><p><b>Image: A frugal lifestyle can help</b> …

Smart Investing Strategies For 2015

(<i>The following is adapted from the new book, Jonathan Clements Money Guide 2015</i>.)<p>Reviewing your investment strategy for 2015? Start with these five steps:<p><b>1. Calculate your portfolio’s current split across stocks, bonds, cash investments and alternative investments.</b> This basic asset allocation is …

Investing

3 Things to Do When a Bunch of Money Falls in Your Lap

0 Comments<p>A windfall of cash can seem like a dream come true, but it turns out that if you’re not careful, that money can disappear quickly. It is …

25 Financial Terms Everyone Should Know

Do you know your AGI from your ARM from your PMI? Or does the mere mention of those acronyms make you go, "Huh?"<p>If you don't speak personal finance, don't worry -- we're here to help.<p>We know that managing your money can sometimes make you feel like you're learning a foreign language. So we compiled …

Personal Finance

The most important investing rule

When investing, what is the most important principle to keep in mind? Is it to buy "safe" stocks? Think for the long term? Or, is it something else entirely?<p>There is no one rule that's undoubtedly the "most important," but there are definitely a few that are <i>very</i> important to use in your own …

Investing