Category Archives: Articles Published

Radical retirement: Can you retire in your 30s or 40s? What you need to know

Many workers would love to retire in their mid-30s or early 40s to enjoy their youth, health and families. But is this realistic?

Retiring super early can be a downright dangerous idea, says Mike Lynch, vice president of strategic markets at Hartford Funds.

“If you stop funding your retirement and start using it 30 years ahead of schedule,” says Lynch, “it is therefore unlikely that you will receive Social Security benefits. And if you do, the amount will be significantly reduced due to early retirement.”

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Is investing in a crowdfunding project right for you? By Ana Gonzalez Ribeiro •

Looking for a place to put your money in a cause you believe in? Interested in investing your money in a new business? Whatever you choose, crowdfunding is the vehicle for investment.

The hip-hop group De La Soul was recently involved in a monthlong campaign on the Kickstarter crowdfunding platform and raised more than $600,000 from its fans. The goal was to help the group resurface and finish its new album, increase marketing, produce videos and set up tours.
About $10 billion in crowdfunding transactions occurred globally in 2014.

Even the money for the “Veronica Mars” movie came from Kickstarter. The sponsors offered rewards such as copies of the movie, and for those who gave a lot more money, a role as an extra in the movie.

But before you put your money into a crowdfunding campaign, do your research and make sure you know what you are funding.

“Avoid making it an emotional decision. You want to make it a business decision. You have to know what you are getting into, unless you feel like this is money you can afford to lose and the project is something you passionately believe in,” says Peter Crosby, chief marketing officer of Make sure you are comfortable with the risk.

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7 Investing Tips for 40-Somethings

Your investment goals change as life changes.

In your 20s, you are starting a new career or looking for one. In your 30s you begin to settle down, maybe get married, have kids and buy a home.

Then come your 40s, when you are looking at retirement more closely, saving for your kids’ college and searching for ways to make your money work for you.

If you’ve reached that point, the money you are earning or already have earned must be put to work to fund future plans.

Here are a few recommendations:

Check out my article at for the full list of recommendations!




Teaching Your Kids About Money

photo: d i a n a*

(This story was originally published by on Wed, May 19, 2010.)

By Ana Gonzalez Ribeiro

Up until a couple of years ago, being financially literate was a skill needed for “later in life.” Nowadays, things have drastically changed. The number of financial literacy classes is multiplying and money management classes are taught to students as early as grammar school.

“It’s never too early to learn about money” seems to be the consensus. An early start to understanding how to manage your assets means an early start towards a financially successful life.

Mint recently conducted an online survey aimed at better understanding what users’ approach was to money as kids and how they are teaching their own children. Nearly half of the survey respondents stated that they earned money before or in elementary school. Mowing lawns and babysitting were the most frequently held jobs and almost nine in 10 respondents had paying jobs in high school. High school jobs were mainly in retail stores, baby-sitting, restaurants and, again, mowing lawns. The survey indicated that earnings in high school were mostly used for entertainment, eating out or car related expenses.

Most importantly, however, the majority of survey respondents said they were not very prepared to manage money after high school.

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The Pros and Cons of Social Lending

Photo: quaziefoto

(This story was originally published by on Wed, January 6, 2010.)

By Ana Gonzalez Ribeiro

With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial institutions for their borrowing needs. The worst offenders, credit card companies, have been lowering credit limits and increasing penalty fees and interest rates on even their most loyal customers. For this reason, frustrated credit card holders comprise one of the largest sectors looking into lending sites to refinance credit card debt. With interest rates as low as 7.8% at some social lending sites, 10% to 15% less than credit card companies and banks, consumers are giving this option a hard look.

One reason lending communities can offer such low interest rates, is because they operate only online. The higher overhead and operating costs associated with brick and mortar facilities are not there. These savings are then transferred to both lenders and borrowers in the form of lower service fees and higher returns.

Lending Club, one of the most popular person-to-person (P2P) lending sites, facilitates the selling of loans in the form of unsecured notes registered with the Securities Exchange Commission. The loans can be used for funding many of life’s necessities such as a baby on the way, buying a car, purchasing a home, paying off student loans or to cover medical bills. The site has become increasingly popular since 2007, mostly due to both the lending options it offers borrowers with various credit backgrounds and the investing opportunities it offers lenders.

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