Retire Richer With These 3 Simple Money Moves

Don't make mistakes with your retirement savings. Follow these three steps and get smarter about your retirement.

Feb 2, 2014 at 1:27PM

Investors are focusing more than ever before on saving for retirement. But too many people make mistakes in their retirement saving. Following some simple steps can help you avoid those mistakes and make the most of your retirement.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, goes through three simple tips to boost your retirement savings. In turn, Dan talks about starting an IRA, using your 401(k) at work, and making better investments as his three-step process. Dan also explains how PepsiCo (NYSE:PEP), Disney (NYSE:DIS), and other stalwart stocks can play a role in your portfolio, along with Vanguard Dividend Appreciation (NYSEMKT:VIG) and other exchange-traded funds. Dan concludes that with these three ideas, you can make your retirement a lot more lucrative.

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Dan Caplinger owns shares of Walt Disney and Vanguard Dividend Appreciation. The Motley Fool recommends and owns shares of PepsiCo and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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