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

Uncategorized

Four Retirement Mistakes, Part One: Early Withdrawal

by Luke Landes

Reminder: So far there has been a very good response to the Consumerism Commentary reader survey. If you have not yet done so, please complete the survey so I can learn about you and improve this blog. Retirement savings compete with day-to-day expenses for your hard-earned money, so it’s a great accomplishment to put anything […]

0 comments Read the full article →

Trading Off Your Financial Security For Your Kids

by Luke Landes

An article on SmartMoney starts by providing an example of a family living on an income of $30,000. The parents in their young twenties struggle to pay their monthly bills, but spare no expense when spending on their child. For both her first and second birthday, the couple threw their daughter a birthday bash that […]

7 comments Read the full article →

Millionaires in the Making: The Cicottes

by Luke Landes

I haven’t written about one of these in a while, but the latest Millionaires in the Making from CNN Money looks interesting. It’s interesting to note that CNN changed the format of the series into a blog, allowing comments (if you’re willing to leave your city and state along with your name). Now, about the […]

6 comments Read the full article →

Roth IRA Phase-Out in 2007

by Luke Landes

This year, if you (as a single tax filer) earn more than $99,000 (modified adjusted gross income — MAGI), your eligibility for the tax-advantageous Roth IRA phases out until you don’t qualify at all at $114,000. Couples are at a little bit of a disadvantage compared to two single tax filers as eligibility starts to […]

8 comments Read the full article →

Do You Need 80% of Your Current Income in Retirement?

by Luke Landes

If you’re planning for retirement, you might be concerned with determining how much income you’ll need to support your current lifestyle. I’ve seen 80 percent tossed around as this magic percentage. That is, if you make $100,000 in your current lifestyle (and manage your expenses appropriately), the fewer expensive you’ll have in retirement mean you’ll only […]

8 comments Read the full article →

Transferring My IRAs From TIAA-Cref to Vanguard

by Luke Landes

Yesterday, Vanguard announced they have simplified their account fees. Effective on Thursday, here is the new fee structure. * All fund accounts with a balance of less than $10,000 will be assessed a yearly fee of $20. Now that’s straightforward. In the old configuration, my recently-opened 2006 SEP IRA would have been charged $20 anyway. […]

4 comments Read the full article →

Excerpt From Suze Orman’s New Book: Women & Money

by Luke Landes

Yahoo Finance is featuring an exclusive excerpt of Suze Orman’s latest book, Women & Money: Owning the Power to Control Your Destiny. If the book follows the standard formula, this excerpt is from the introduction and outlines the 8 qualities of a wealthy woman on which the rest of the book will expound. Here are […]

12 comments Read the full article →

Why Do I Share My Finances Every Month?

by Luke Landes

I’ve been asked this question several times over the past few years, by strangers and friends, most who don’t approve of my openness for one reason or another. Each month, I write with excruciating detail about my expenses and income, assets and liabilities, and my net worth. For example, here is my latest net worth […]

12 comments Read the full article →

Guest Post: Thoughts on Raising Money-Smart Kids

by Luke Landes

All this week, Consumerism Commentary is featuring articles written by others. This guest post comes from Golbguru, author of Money, Matter and More Musings. Recently, I have been reading excellent articles on the subject of kids and money. The most noteworthy among them being Allowances for Kids: Teaching Children the Value of Money by JD […]

5 comments Read the full article →

Guest Post: How Not to Buy a Car

by Luke Landes

All this week, Consumerism Commentary is featuring guest bloggers. In this post, KMC from Advanced Personal Finance shares a personal adventure with the local car dealership and the lesson learned. About six months ago, my wife’s car was rear-ended by a delivery truck while she was on her way to work. Fortunately, she was not […]

11 comments Read the full article →
Page 6 of 11« First···45678···Last »