The Best Retirement Calculators [How Much Will You Need to Retire?]

Calculating how much money you will need for retirement is one of those inherently frustrating exercises since it seems like you have to start with information you can’t possibly know—simply figure out when you will die, and calculate backward from there! Despite the built-in difficulty of determining the exact amount you need for retirement, there […]

10 Small Joys of Early Retirement

Editor’s note: This article is by ESI from ESI Money, a blog about achieving financial independence through earning, saving, and investing (ESI). It’s written by an early 50’s retiree who achieved financial independence, shares what’s worked for him, and details how others can implement those successes in their lives. ESI offers a free book titled […]

Wealthsimple Review: Canada’s Largest Robo-Advisor Comes to America with $50 Bonus

Since 2014, Wealthsimple has offered Canadians excellent service as the largest robo-advisor in the Great White North. Now, Wealthsimple comes to the U.S. (along with a sweet $50 signup bonus for PTMoney readers) with the same no-nonsense mission of bringing “smarter financial services to everybody, regardless of age or net worth.” Read on to learn more […]

How to Avoid Going Broke in Retirement

When I pictured retirement, I envisioned myself on a beach somewhere. After acquiring my first finance job, I had a harsh wake-up call. Looking at retirement accounts all day made me realize, I needed to start planning now if I was going to end up on a beach. Retirement was closer than I thought. Unfortunately, too many of […]

Kavout Review: An Innovative AI Investing Platform

We recently wrapped up another FinCon and the second annual FinTech Startup Competition.  The competition is the first ever early-stage business competition dedicated to technology products and solutions for the consumer-facing personal finance and investing verticals.   The competition was presented in partnership with SoFi, who chose this year’s winner, Kavout, to participate in their Entrepreneur Program. Today’s post […]

Betterment Review (2017 Update): Revolutionary Online Investing

Update: This comprehensive review now includes the latest on the revolutionary personal investing service, Betterment. Betterment is investing for the masses. If online brokers like E*Trade were a revolution for the do-it-yourself investor, then Betterment is part two of that revolution. Their goal: get even more people to invest their money (vs parking it in savings […]

Personal Capital: Manage All of Your Financial Accounts in One Place

If you are looking for a one-stop-shop for all of your financial needs, from budgeting software to investment advice, look no further than Personal Capital. This online investment and wealth management platform offers you a comprehensive program for managing every aspect of your money, whether you are just learning how to budget or you are […]

How to Save 20% of Your Income (Consistently) Each Year in Your 30s

Listen to this post, courtesy of the team at Optimal Finance Daily. Today I want to show you how over the ten years of our marriage (my 30th through my 39th year) we’ve saved an average of 20% of our pre-tax income towards retirement. In our worst year, we saved 10%, and in our best, […]

Choose Your Retirement: Find the Right Path to Your New Adventure (Book Review)

Ready to get excited about the topic of retirement again? Today I have the pleasure of reviewing Choose Your Retirement: Find the Right Path to Your New Adventure by Emily Guy Birken. You know Emily as my friend and long-time contributor here. Read Emily’s articles. This is the second book from Emily. Her first, The […]

TickerTags Review: Leveling the Information Playing Field for Investors

One of my favorite money-related movies is the 1983 Eddie Murphy and Dan Aykroyd comedy Trading Places. The second half of the film revolves around Murphy and Aykroyd’s interception of a critical USDA report about the orange crop forecast, and they use this inside information to profit from trades in frozen concentrated orange juice. While much of […]

Investing in Lending Club: What You Need to Know

There’s an excellent reason why Lending Club is currently the largest peer-to-peer lending network, responsible for over $13 billion in loans as of September 2015. Borrowers enjoy better rates than they could find at a bank, and lenders receive returns that could be difficult to replicate with more traditional investments. Specifically, lenders have earned an […]

The Best Robo Advisors (2017 Update) for Automated Investing

Here’s the thing. Investing should be for everyone. The introduction of robo-advisors has helped more people get into investing and save for their future without the costs of standard financial advisory services. According to a BI Intelligence, “robo-advisors will manage around 10% of total global assets under management (AUM) by 2020. This equates to around […]