retireby40’s investing fundamentals

Your retirement account options

various retirement account options

This is part 4 of my Retirement advice for young folks series. Last time, we talked about starting to invest as early as possible and this time we’ll go over some of the retirement accounts available. There are a few different retirement account options which could be confusing to young folks who just started their first job. I was extremely lucky that my dad pushed me to invest in the 401(k) right away. After a few years I maxed out the contribution and looked for other ways to increase retirement contribution. That’s when I found out about the Roth IRA. In fact, […]

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Retirement advice for young folks

Retirement advice for young folks

We had some visitors this weekend. My brother, his wife, and her two brothers dropped by for a quick visit on their way to Vancouver, BC. It was great to see them and they had a great time playing with baby RB40. We talked about bit about my leaving the workforce and Matt asked what advice I can give a young guy in his early 20s. I told him to save up as much as he can in his 401(k) account. The 401(k) is a great retirement saving vehicle and everyone should take advantage of it. Here are just some […]

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Investing Fundamental #6 – Roth IRA


If you don’t have a Roth IRA account, you should open one to give yourself the more options in the future. Open an E*TRADE Roth IRA. No Fees. No minimums and get up to $600 when you rollover or transfer. April 17th is the last day to file the 2011 tax return and you can still contribute to the 2011 Roth IRA if you haven’t already done so. If you have any extra money or got early tax refund, this would be a great time to put some away in the Roth IRA for retirement. Roth IRA is an Individual Retirement Account.  This account […]

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Retirebyforty’s Pools Budgeting


Ummm, this isn’t about budgeting for a swimming pool although Google ads seem to think so. I’ve been using for 6 months now and it is great for tracking expenditures, but I am getting a little tired of the “Exceeded budget for Gas & Fuel” emails. Actually, I moved on from Mint to Personal Capital. It is similar to Mint, but it’s geared much more for the investors. Their tools and financial adviser made it no contest. Today, I would like to share our Pools Budgeting solution that we’ve been using over the last few years. We auto contribute […]

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