Archive for May, 2007
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Money Question: What Would you do with a Windfall? Part 2
Earlier today, I published part 1 of What Would You Do With a Windfall. If you missed that it might be worth catching up. What did I ask the bloggers? Simply this:
Where is the single best place to invest a $50K after-tax windfall now? Assume the following: you don’t need the money for at least 10 years, you’ve already max out 401k and Roth IRAs. Pretend that the windfall came under a couple conditions… 1) You can only invest it in one area. 2) If your investment doesn’t make 6% a year you […] -
Money Question: What Would you do with a Windfall?
Over the past couple of weeks, I decided to go out and ask a few of prominent bloggers a question that’s been on my weighing on my mind lately:
Where is the single best place to invest a $50K after-tax windfall now? Assume the following: you don’t need the money for at least 10 years, you’ve already max out 401k and Roth IRAs. Pretend that the windfall came under a couple conditions (like Brewster’s Millions)… 1) You can only invest it in one area. 2) If your investment doesn’t make 6% a year you lose it all.
Why […] -
This Week’s Carnivals
I was lucky enough to be involved in a couple of carnivals this week and I’d like to give each of them a shout of thanks. Money Smart Life must have spent about 6 million hours on the Carnival of Personal Finance. I can’t imagine coming up with all those song lyrics. Not to be outdone, Tricia from Blogging Away Debt included me as one of the 12 best articles (*blush*) in the Festival of Frugality.
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Prosper Update
It’s been a long time since I’ve made a mention of Prosper.com. The reason is that it hasn’t been performing as I had hoped. I’m putting money into Prosper though one could conclude that I should stop.
What’s the cause for the change in my philosophy? Well, I found LendingStats.com which helps you track your portfolio. I was looking at my overall portfolio and I found some interesting things. You can see that my current performance is around 5%, not exactly something to write home about. If you look at the customize block, you can […] -
Retire on 80% of Your Income?
A little while back Flexo from Consumerism Commentary asked “do you need 80% of your current income in retirement?” While that might be accurate for some people, like most “rules” in personal finance there are exceptions. It is these exceptions that make it difficult for me to endorse.
There are numerous factors that weigh into that 80% number. For one example, there’s a lot of military families out there and they’ll be getting pensions (yes, I still believe government pensions will be there, we’ll just pay taxes to make it work), and very well subsidized health care. This […]
