Sometimes, people ask me why they need an emergency fund. In the past, I’ve come up with reasons like a car repair, medical emergency, or job loss, but often when we are speaking in hypotheticals it’s easy for people to ignore the advice. Trying to save 3-6 months of one’s salary sounds like such a big number that many people don’t start, but even $1,000 or $2,000 in the bank can make a big … [Read more...] about My $1,000 Day – Or Why Everyone Needs an Emergency Fund
Archives for September 2013
I am asked a lot of questions about retirement: Where should I save for retirement? Should I use a 401(k) or a Roth IRA? Can I do both? What’s a Roth 401(k)? How do I find out about my company match? I have a 403(b), what’s that? These are all great questions and today I want to break down the different ways to save for retirement and which one (or two) ways might be the best for your … [Read more...] about Should I Contribute to a 401(k) or a Roth IRA?
I love financial planning, but I don’t love financial planners. There are a lot of “industry professionals” with cocky attitudes and big egos (barf). If you are currently working with a financial planner that displays one of the attitudes mentioned below, I strongly encourage you to start looking for a new one. Preferably, someone who is a CFP® and does comprehensive financial planning and not … [Read more...] about 5 Bad Attitudes of Financial Planners (and why they make me want to stab my eyes out!)