Radical Finances

Ally now makes it easier to set up multiple savings accounts

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Ally has changed the way that you can create multiple savings accounts. This can make your savings plans much easier to implement. Update (February 2020): Ally now allows actual buckets! Read my review here. I’m a big fan of Ally. … Read More … Read More

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Leaning tree

Tax liens, or that time I tried to profit from other people’s debt

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Right after college, I started taking an interest in investing. At the time, I worked with someone who was similarly interested. We’ll call him Ivan (not his real name). Ivan was the person who introduced me to Rich Dad Poor Dad. … Read More … Read More

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Sun rays

How do you know how much money you need?

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Let’s face it: you probably have no idea how much you need to save in your life. This isn’t your fault. Like so much of financial security, we’re not taught anything in a comprehensive, start-to-finish sort of way. So we … Read More … Read More

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Stairs light

Would you even want to win the lottery?

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I’ve spoken before about how it’s not worth it to play the lottery. As my college roommate once said to me (unimprovably, I thought), “you have about as much chance of winning the lottery if you play as if you … Read More … Read More

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Man working out

How companies make money from you forgetting

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I recently logged in to view may checking account balance. While there, I noticed a $19.99 purchase from the site Daily Burn. I sighed. This was the second time this month that I had received a recurring charge from a … Read More … Read More

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Rocks balanced

Which would you choose: FSA or HSA?

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Not long after I figured out that I would pass the HSA testing period, I received an interesting and oblique note from my HR department. Paraphrasing here, it said that in the new year they would be evaluating the current … Read More … Read More

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Japanese Classroom

How I passed the HSA testing period

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Last year, when I started my new job, I was given two options for health care: bad and worse. I went from having access to an “A1” and “B1” plan to a “B3” and “C3” plan. Without even knowing the … Read More … Read More

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Double rainbow

If you save $1 today, how much will you have in 10 years?

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It’s better to save when you’re younger. I think most of us know that. The problem is that being younger is the time when it’s hardest to save. One’s younger years are the time when pretty much everyone has a … Read More … Read More

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Robot

Why not use a robo-advisor?

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So as I mentioned in my last post, my day job started offering a 401(k) recently. Finally! It’s been very relieving, as it allows me to put more tax-advantaged money away for retirement, which, as you might imagine, is pretty … Read More … Read More

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401

Why a 401(k) is the most lucrative investment product for most people

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Lord have mercy, my day job just recently started offering a 401(k)! When I switched jobs last year, I was dismayed, as one can imagine, that there was no employee-sponsored retirement plan offered to me. When I asked, as politely … Read More … Read More

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