Finance
It's strange that with all of the research I've done on personal finance over the years, I never created a webpage that talks about personal finance. It's time to change that. With some luck I'll get some "Guest Contributors" to help me with some pages.
Save, Invest, and Retire 101
If you’re the kind of person that likes to just skip to the end of book, I can tell you everything you need to know in one paragraph.
Save 15%-20% or more of your gross salary for 20-30 years. Invest your savings in a set of diversified index funds and preferably within a tax deferred vehicle such as a 401K or IRA. Retire and withdrawal no more than 4% of the total of your savings every year. Done.
That's pretty much it. Start Saving, Invest your Savings, and Retire. If you would like a few more details, read the 101 below.
Money 101
"You Work Hard, So You Owe It to Yourself to Manage Your Money" - Kristin Wong
Articles
Random Articles in no particular order
- Raises: Spend Half, Save Half
- The easy way to increase your saving percentage. Save half of every raise you get. How much does this add up to? More than you think if you start when you are young.
- Marginal Tax rates (Laura Johnson)
- Your Friend is Wrong When They Tell You Your Raise Will Give You Less Net Income
- True Tax Rate
- When it's all said and done, What do I pay in taxes?
- When to Stop Saving
- Are there benifits to stoping savings early?
Book Recommendations
- The Millionaire Next Door
- Having money, and spending money are not the same thing. And in the real world, millionaires don't wear Rolex Watches, or drive Porches.
Links
Paul MerrimanThe ultimate buy-and-hold portfolio
The Ultimate Buy and Hold Strategy 2016
From Fidelity Investments