Tag Archives: saving
I’m not a millennial, but a number of my Vanguard colleagues currently fit this demographic. And they often seek counsel from the one with a few flecks of grey in her hair―about work, life, and investing.
When it comes to … Read more
Saving. Investing. It’s all the same, right?
When Vanguard clients come to me for financial advice, they often use the terms “saving” and “investing” interchangeably. Most of the time, they refer to longer-term goals—“I’m saving for my son’s … Read more
Every December, my department holds a white elephant gift exchange. We place wrapped gifts on a table and take a number. When our number is called, we can select a gift or “steal” a gift that someone else has already … Read more
Gender financial stereotypes abound. Women are risk-averse—to their detriment! Overconfident men trade more—to their detriment!
I often get the question “Can I use a Roth IRA to invest for college?” While the answer is “yes,” the real question is whether you should. The comparison is typically drawn between 529 college savings plans and a Roth … Read more
Recently, one of us (Maria) was at a bank trying to set up a small custodial IRA on behalf of a nephew and was told that “a minor can’t have an IRA.” It was an interesting experience, and one we … Read more
In the early 1990s, I studied for the Chartered Financial Analyst® (CFA®) exams. From March to June, I’d lock the television in the closet and spend my evenings with some of the driest reading material ever committed to the page.… Read more
I posted a blog in early January 2014 outlining my seven financial resolutions for the new year. I’ve made some progress, but frankly, I have some considerable work yet to do.
Here’s an update:
This may seem like an obvious point, but successfully planning for retirement has always required managing two sides of the household balance sheet: building savings and managing debt.
Two recent reports highlight how the debt side of the retirement balance … Read more