Investing

How I Invest In My Employer Sponsored Retirement Plans, Part 1: My Core Investing Philosophy

Last Updated on August 9, 2021November 23, 2016 26 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

I started a new job back in June and with it, I needed to set up my new employer sponsored retirement accounts. I’ve never switched jobs before, so I thought it’d be a good bit of education to share how I chose to invest in my employer sponsored retirement accounts.

My original plan was to write about it all in one post, but as I was doing so, I realized that I was talking about things without really giving any background as to why I was making those decisions. Needless to say, as I started writing, I realized my post was getting way too long!

So, instead of writing one ridiculously giant post, I thought I’d do my first series of posts! Part 1 is right here and deals with my core investment philosophy. It’s the foundation for how I pick the investments for my employer sponsored retirement plans.

Why I’m A Huge Fan Of Robo Advisors

Last Updated on January 7, 2021November 16, 2016 20 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

When I was in college, I picked up a copy of The Automatic Millionaire by David Bach. His book is still one of my favorite money books and probably the first book I recommend to anyone beginning to learn about personal finance.

When I first read Bach’s book, I too, wanted to become an Automatic Millionaire! One chapter in his book talked about setting up an IRA or a Roth IRA. I was a 19 year old kid at the time, so I didn’t have a clue what that meant. All I knew was that it was something good! After reading Automatic Millionaire, I hopped onto E*Trade, opened up a Roth IRA, and transferred 100 bucks into my Roth IRA account.

And then, I was stuck. I remember Automatic Millionaire talking about investing in mutual funds, but I didn’t really know what that meant or how to put my money into that type of investment…

Do You Have The Strength And Stamina To Survive A Trump Presidency?

Last Updated on August 9, 2021November 9, 2016 15 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

By now, you’re all probably aware that Donald Trump is officially going to be the next president of the United States. This isn’t a politics blog, so I’m not sharing my thoughts on the matter (plus, I’m no politics expert). Nor is this a blog about the economy, so I’m not going to talk about that either. Heck, I have no idea where the economy will go. Things go up, things go down. Jobs are created, jobs are lost. I don’t really know why it happens.

What I do know is that the doomsday prophecies are out there. Trump is going to cause a recession! Stocks will crash! The rich won’t pay any more taxes! I have no idea if these are true or not. All I can do is stay calm and stick to my game plan.

How I Save The Same Amount Of Money Despite A $50,000 Paycut

Last Updated on August 9, 2021September 8, 2016 22 Comments
This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Earlier this year, I left my high paying, big law firm job and took an attorney job with the state. I did so for a variety of reasons. The hours weren’t great, the work was stressful, and the atmosphere was overall pretty unpleasant. It just wasn’t a great fit for me. I pretty much knew this would be the case going in, but I still needed the job in order to make a big dent in my student loans. As a young lawyer, there really isn’t any other way to make a ton of money except by working at a big law firm.

I ended up paying back my student loans in 2.5 years. With my debt gone, I no longer needed the big paycheck. Since I was free of the student loan burden, money was no longer the primary motivating factor for a job. I could instead look at jobs that I thought would be a better fit for me.