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Increasing your 401K contribution up to 17% of your salary not difficult if you follow a few simple steps. These same steps could also be applied to paying off debt […]

That is right… I am proposing raiding your emergency savings to fund your 2007 Roth IRA if you have not fully funded last year’s contribution. The deadline to fund your 2007 Roth IRA is approaching — April 15th 2008. If you miss that deadline you can never fund your Roth IRA for 2007. The […]

As a part of my 2008 financial goals, I plan to fully fund two Roth IRAs - both mine and my wife’s. The Roth IRA is one of the best investment options available. You can pay taxes now and owe zero taxes when you withdraw funds in retirement. Plus, there is no […]

P2P lending in general is not the best investment due to income tax on P2P loan interest and I believe that there is a better list of prerequisite investments. However, Lending Club is paying out an incredible Return on Investment Bonus that may shift the equation. The Thank You bonus can bump up your […]

Which should you purchase Prosper P2P loans (assuming your skilled enough to earn a 12% return) or the S&P500 which has earned 13% per year over the last 20 years? The answer is not simple and it depends greatly on taxes. I will provide you with a spreadsheet to change some of my […]

I am running a poll over the next few days to allow you to decide where I invest my next $500. The options are various P2P lending sites including Prosper, Lending Club, and Zopa. The alternative choice is to invest in the total stock market index. So which investment should I take?

Before investing money in Prosper or Lending Club Loans, I decided to list several reasons to not invest in P2P loans. Where should I reasonably put my money first – before P2P lending? I am in the process of funding my Lending Club account, so I decided to make a quick check list […]