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Anonymous S, July 2013 Net Worth

by Luke Landes
Anonymous S Net Worth July 2013

In Naked With Cash, seven anonymous Consumerism Commentary readers publicly track and analyze their finances on a monthly basis. For almost a decade, I tracked my own finances on Consumerism Commentary; now I’m sharing the benefits of public accountability with the participants. I’ve partnered with financial planners who will offer some guidance along the way. ... Continue reading this article…

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IRA Balances At Five-Year Highs: Time for a Retirement Check-Up

by Luke Landes
IRA balances at an all-time high

Thanks to the stock market’s upward trend since the recession (if the trend hadn’t been upward, we couldn’t say “since the recession”), policy changes that allow investors to convert traditional IRAs to Roth IRAs without limit other than the income tax bill, and perhaps even younger savers inspired to plan for their retirement by saving ... Continue reading this article…

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Anne and Matt, May 2013 Net Worth

by Luke Landes
AnneMatt-may2013

Have you been following the Naked With Cash series this year? Seven Consumerism Commentary readers are making their finances public, sharing the intimate details of their financial decisions and net worth. They’re putting it all out there, leaving nothing to the imagination. Aided by professional financial advisers who guide them and supported by readers cheering ... Continue reading this article…

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Moved Bank and Investment Accounts to a Living Trust

by Luke Landes
Living trust

I spent about half of the day today taking care of some of the financial responsibilities I have been putting off. It feels good to check to-do items off my list, especially if they have been sitting there for some time, and I’ve been either procrastinating or filling my day with other priorities. One of ... Continue reading this article…

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Three Psychological Barriers: Taking the First Step

by Luke Landes
Psychological barriers

Everyone starts their path to financial independence from a different position. The popular belief that everyone born in this country has an equal opportunity for financial success is a Utopian myth. It may be an ideal foremost in early European settlers’ minds as they escaped a society where wealth was determined by little more than ... Continue reading this article…

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Anonymous S March 2013 Net Worth

by Luke Landes
Anonymous S Net Worth - Naked With Cash - March 2013

Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. This month, the participants and experts will be discussing tax planning ... Continue reading this article…

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5 Responsible Uses for Your Tax Refund

by Luke Landes
5 responsible uses for your tax refund

For most citizens of the United States, tax season is over. There’s no longer a need to run around gathering documents. You’ll stop seeing television commercials for TurboTax and H&R Block in which each insinuates the other is a deficient company. You can stop thinking about government’s wasteful spending and income redistribution — which always ... Continue reading this article…

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Check Your 401(k) Fees: Invest in Index Mutual Funds

by Luke Landes
401k

A few years ago, new regulations mandated that 401(k) retirement plan administrators change quarterly statements to include more information about expenses about each fund in which the employee is invested. This was a good move. I have mixed feelings about 401(k) plans. Today’s world of employment is different than that from a generation ago. For ... Continue reading this article…

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