What it really means to diversify your retirement accounts

I was having a discussion about retirement the other day with a friend, and he said something that made my jaw drop. He said “I try to stay diversified, that’s why I have a 401k and a Roth IRA.” Now, my jaw didn’t actually drop, at least I don’t think it did, but if you’re nodding right along with my friend and don’t understand why I was alarmed, this post is for you. We hear investment lingo thrown around often enough that most of the time, we understand it. Or we think we do. Even if we don’t take the

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No one should cancel student loans. At least not yet.

This is a tough one to discuss, because as someone who was buried under $100,000+ in student loans, I can absolutely see the appeal for canceling them. There are valid arguments to enacting a plan around cancelling student loans, but at this time, I can’t say I’m in favor of it. Here’s why: Until the federal government stops making new student loans, I don’t think they should cancel existing student loans. It’s a band-aid tactic at best, and it does nothing to solve the actual problem of the cost of higher education, which is out of control. We’ll end up

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Robinhood is democratizing trading. That’s good for all of us.

If you’ve spent much time online, and particularly in the finance space, you’ve likely heard of Robinhood. It’s the no-commission trading app that’s changing the investing game for the regular Joe’s out there like you and me. A little context should help illustrate why. Historically, stock brokers charge a fee to trade stocks for you. You’d go to E*Trade, or Fidelity, or whatever broker and say I want to buy X number of stock in a particular company. They would say sure, that will cost you however much the stock costs, plus a fee for the trade, usually around $7-$10.

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Buy back your income from your creditors!

If you’re like the majority of Americans, you’re carrying some debt. I’m not going to sit here and yell at you about that, it’s so ingrained in our culture that we don’t even think about it (though that doesn’t excuse it, either). Want a new couch? Six months same as cash. New car? You can get an 8 year loan now. House? Obviously that’s mortgaged. Even on something as cheap as a $20 pair of shorts, Kohl’s will offer you a credit card to put it on. Why is this? It’s simple. It’s more profitable for those companies if you

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What is retirement?

That’s a big word, retirement. My post on Wednesday mentioned retirement as a conversation starter between you and your spouse. That’s a great exercise, but retirement can mean so many things to so many people. What does it mean to you? I think the most common understanding of retirement is: a time in your life when you stop working. That’s a good definition but not great, and it doesn’t cover, in my mind, the most important thing. We would do well as life architects to consider what we want for retirement. Do you want to stop working entirely? Do you

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