Investing

Home / Finance / Investing

The 9th Wonder of the World

I’ve been told that Albert Einstein stated that compound interest was the 8th wonder of the world. My 6th-grade teacher, Mr. Rast, helped demonstrate that to me more than a few years ago. He asked me if I would prefer $100,000 or one penny doubled every day for a month....
Read more...
Your Rich Uncle Wants to Help You Save for Your Retirement

Your rich Uncle (Sam, that is) wants to help you save for your retirement. In fact, through the tax code the US Government has done several things to help pick up the tab for your retirement savings. I’ll review a couple that you may already be familiar with and then...
Read more...
Doing Some Last Minute Shopping? Don’t Buy a Tax Bill

As the year comes to a close, there are a lot of different reasons why you might be considering investing in (buying) a mutual fund. Perhaps you got that Christmas Bonus…o.k. I know you’re on Active Duty and Uncle Sam hasn’t found it in his heart to give Christmas bonuses yet,...
Read more...
Military Retirement: A Blessing and a Curse

I lost you, didn’t I? You said “this guy is completely insane! Half my pay for the rest of my life is a curse?” While I am prepared to concede your first point, gentle reader, allow me but a few paragraphs to elaborate on the second. Retirement from the military...
Read more...
The Thrift Savings Plan: What Is It and Why Do You Need It?

What is Thrift Savings Plan (TSP)? TSP is an account similar to a 401(k). Federal employees (including those in uniform) may participate in the TSP. Military members put pre-tax money into an account, and have the right to take the money out of the account at a certain point in...
Read more...
Introduction to Investing

As discussed in the Banking & Savings section, it is essential to put away as much money as possible. The younger you are when you start saving, the easier it will be to grow a nice nest egg. Once you have established a saving routine, you should consider investing some...
Read more...