Radical Finances

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How to potentially double your money’s impact via lump sum debt reduction

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It can be hard to visualize how paying a debt off works. There’s an interplay between principal and interest. You pay money to reduce the principal, but during that time, interest on the debt has piled up, reducing the impact … Read More … Read More

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If you’re still unsure about what method to use to pay off your debt

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If you’re like most people, you’ve got some form of debt. It could be a car loan, it could be credit cards, or it could be “good debt” like student loans. No matter, it’s got to go. You need to get … Read More … Read More

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Do you want to invest in a target date fund?

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In 2006, Congress passed the Pension Protection Act. It’s a scintillating read. Among much else, it provided statutory authority for employers to enroll workers in retirement plans automatically, and also established criteria of “safe harbor investments” to protect employers from … Read More … Read More

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Captain Obvious Reports: How not to have more credit card debt

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Sometimes I like to get deep into the rabbit role with details. The post I wrote immediately before this detailed the ins and outs of rebalancing your investment portfolio. An important topic to discuss, but it’s hard not to be … Read More … Read More

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Am I making a mistake by not rebalancing my portfolio?

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I believe that investing is a crucial step in your plan to become financially secure. So I recommend putting as much as you can into an investment portfolio like a 401(k) at work, or (especially) a Roth IRA that you … Read More … Read More

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What to do when your account balance is different than expected

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Balancing your household budget might be difficult to do, but it’s not complex. You just make sure that the money you have going out is the same amount that is coming in. (In this way, Charles Dickens’ Micawber was only half-right, … Read More … Read More

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How I saved $600 in a year on my internet service

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Ever since broadband to the home became commonplace in the 2000’s, the internet bill is one that most households can’t live without. As more and more people “cut the cord” on their cable bill, home internet service is as important … Read More … Read More

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The worrying connection between long-term care insurance and the Roth IRA

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I talked last time about long-term care insurance (LTCI), and how it can be a great tool to hedge against the incredible medical costs of things like nursing home care. This is, of course, assuming that the insurers stay in business, … Read More … Read More

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Is long-term care insurance still a going concern?

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Medical costs are scary. Medical needs definitely count as emergencies, but the costs can be incredible. I always recommend a savings of at least six months of bills and expenses in your emergency fund (here’s what that means for you), … Read More … Read More

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The problem with wanting “more”

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“I wish I had more money.” I hear this at discussion groups, coaching sessions, and even just conversations with friends. I can’t help but remember that commercial from my childhood for a trade school, with Sally Struthers as spokesperson: “Do … Read More … Read More

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