Test Your Personal Finance Skills With These Quizzes

Test Your Personal Finance Skills With These Quizzes

Kiplinger has two quizzes named “Financial Truth or Bunk?“, and they go through some of the more popular tips you’ve heard about personal finance, including lines like:

  • You can’t lose money investing in bonds.
  • Stay-at-home moms or dads need life insurance, too.
  • Don’t buy a red car — it’ll cost more to insure.
  • Dollar-cost averaging boosts investment returns.
  • The percentage of stock in your portfolio should equal 100 minus your age.
Personal Finance Roundup

Personal Finance Roundup

Using Your Health Savings Account as a “Super Roth” Investment Vehicle [Free Money Finance] “If you can afford to delay using your HSA funds and instead leave them invested, your payoff in retirement will be substantial.”

Is Your CEO Getting Kickbacks Off Your 401k Fees?

Is Your CEO Getting Kickbacks Off Your 401k Fees?

Author David Loeper over in the WiseBread forums explains how your CEO could be getting a kickback from excessive fees on your company’s 401k. The “administration fees” on some company’s 401ks are sometimes 20 times as much as what it actually costs to run the fund. Part of these fees go back to the 401k admin via “revenue sharing.” Usually the admin keeps it but sometimes they’re so big that they go back to the employee’s accounts. But instead of being credited back equally… [More]

Should I Invest In My Company's 401(k) Or Get It Alone?

Should I Invest In My Company's 401(k) Or Get It Alone?

Crapple writes:

I’m 27, looking to start planning for retirement. My company has an arrangement through The Hartford group for our 401K and I read your article on Fund Level Expenses and how the broker will be earning compound interest on MY compound interest. I also ran across this article while researching:(and it also links to a Mutual Fund Expense Analyzer that might be handy for other Consumerist readers). The article is talking about getting yourself involved in an Index Fund that would have fee’s of around .19% or so and going it alone. [More]

3 Common 401(k) Mistakes

3 Common 401(k) Mistakes

The 401(k) is one of the best ways to maximize your retirement savings. After all, if the company matches your contribution, you start off with a 50% to 100% gain right off the bat. That said, many employees are not making the most of the potential locked in their 401(k)s. Here are some of the most common mistakes, according to Vanguard:

http://consumerist.com/2007/07/06/how-much-should-i-put/

How much should I put in my 401(k) vs my RothI RA vs straight-up savings?