As featured in The Wall Street Journal, Money Magazine, and more!

Investing

How to Choose Between a Traditional and Roth IRA

by Luke Landes
Gray's Sports Almanac

How are your prognostication skills? Do you have a direct connection to the spiritual world or an uncanny ability to predict the future? Someone with these skills and an individualistic drive, and perhaps an advance edition of Gray’s Sports Alamanac, could ensure the financial stability of his or her future. The rest of us without […]

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Planning to Work Into Retirement

by Luke Landes
Beach chair

In a world where employees can’t rely on long-term relationships with their employers, most of which no longer offer relatively safe retirement protection through pensions, planning for retirement, at least for the younger demographic in today’s workforce, is substandard. People do start thinking about their future as time goes by, but often, the appropriate planning […]

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Brokers Are Salespeople, Not Financial Advisers

by Luke Landes
Used car

Stockbrokers facing the general investing public, working for JP Morgan Chase, might have business cards with a title of “financial adviser,” but just like the people you meet when you walk into a car dealership, they are salespeople. They are rewarded when they meet their sales targets. Their bonuses are based on the clients they […]

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5 Ways to Convince Yourself to Increase Your Retirement Savings

by Luke Landes
Coin jar

The last few years have been nail-biting for anyone saving for retirement with investments in the stock market. The Great Recession and continued gloomy outlooks in the media have investors second-guessing their plans to save for the future. Maybe it’s better to spend more money now and avoid the Wall Street industry, which seems to […]

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Best Feature of a 401(k) Plan: Employer Contribution

by Luke Landes

A Reddit user recently posed this question to her fellow community members: Right now my fiancé and I have 2 student loans, 2 vehicle loans, small credit card debt, and a mortgage. We want to start the snowball debt payment method and want to apply a little more income to accelerate the process. My company […]

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Four Risks of Investing

by Luke Landes
Skydiving

No investment is without risk. You may feel safe even when you do what financial advisers consider the “right thing” — invest in a broad stock market index fund with a long-term view — but there is risk there as well. Unfortunately, to build wealth over time, investors need to accept a significant amount of […]

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Bill Maher Buys a Share of the New York Mets

by Luke Landes
Mr. Met

Over the weekend, political comedian Bill Maher revealed he invested in the New York Mets. As you could imagine, the polarizing figure’s investment spurred mixed reaction. Those who share his liberal views consider the investment to be solid, while those who disagree with the outspoken television show host pointed out the hypocrisy of the investment. […]

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Investing for Dividend Income: Not All That Passive

by Luke Landes
Money

Passive income is the Holy Grail of financial independence. Although modern Western society and capitalism relies on the Puritan work ethic, the idea that labor is a value to society and hard work is the path to a spiritual and successful life, most people would prefer not to trade their time and effort for an […]

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Reader Question: Should I Invest in My Non-Matching 401(k)?

by Luke Landes

Occasionally, Consumerism Commentary readers send in questions about handling their finances. I am not a financial planner, so I have no certification claiming I’m qualified to give financial advice. I am not an investment adviser, so I certainly won’t be recommending stocks. I like the opportunity to address financial questions that other readers may be […]

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Half of All Americans Are Not Saving for Retirement

by Luke Landes
Wall Street

In April, LIMRA, a think-tank for the financial industry, completed a survey intended to focus on the savings and investment preferences of those living and working in the United States. After receiving responses from 2,697 Americans, a representative sample of the country, LIMRA was able to determine that 49 percent of the country is not […]

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