I recent discovered that Kiplinger.com has a section of their website devoted to “Starting Out: Financial Advice for your 20s and 30s.” 10 Financial Commandments for Your 20s is a great place to start if you want to check out their site. I’m very excited to find another resource geared toward young people!
Last week, Trent at The Simple Dollar posted a great article about the current economic downturn that describes my thoughts nearly exactly.
“The typical signs of recession – a popping bubble in an economic sector, rising unemployment numbers, and so on – all lined up very tightly this time around – but the numbers themselves weren’t that unusual.”
“We are not living through anything that even compares to the Great Depression, and to even imply that we are is simultaneously deeply insulting to those who did live through it as well as woefully ignorant as to what it was like.”
Since most people from younger generations aren’t going to stick with a job for their entire working careers, and we are all investing for retirement (right? right?), Jeremy at Gen X Finance posted a great article on How To Roll Over Your 401(k) When You Leave or Lose Your Job. This is a subject area I know very little about, but will have to go through in the next year or two. Jeremy outlines different rollover options and then gives a step-by-step guide. I’ve bookmarked it, and hopefully many of you will find it helpful if/when you need to change jobs in the future.
And for those who don’t have a retirement account through your employers, check out G.E.’s article about Roth IRA Basics in a Question and Answer Format over at 20 Something Finance. For anyone who doesn’t have a Roth IRA, read this article and then go open one!