The Sun’s Financial Diary

My answer is: No, nobody needs to be an expert in order to open and invest in an IRA account.
The biggest obstacle from I can see is not whether you know investing or not, but whether you are determined to save for your own retirement. If you make tons of money, you probably don’t need [...]

The government today updated its outlook on Social Security and Medicare and there’s no good news for folks who will retire in 10 years from now. According to the annual trustee reports released by The Department of Treasury, the Social Security Trust Fund will run into negative cash inflow in 2017 and exhaust its [...]

Last week I got an email from a reader about the difference between Traditional and Roth IRA. The question is more on the withdraw side than contribution side. After giving a quick answer, I feel I can expand it a little bit with more information on this topic. But tax rules are always complex, so [...]

The first thing I did when I came to work this morning was giving Vanguard a call, again.
When I filled out the IRA asset transfer form to move all Vanguard funds in my IRA account from Scottrade to Vanguard, I provided a blank check and instructed Vanguard to automatically invest $200 into each of the [...]

I usually don’t check my 401(k) account until the time to update the net worth and even at that time, I didn’t look at the return because, first, I simply forgot to check and, second, I won’t make any change before the year end, no matter how good or bad the return is. But tonight, [...]