How to Rank Your Investments: Your Financial Pyramid

When it comes to investing for future goals, we can’t always do it all, at least not at the same time. We need to make some hard choices. But the best approach may not be super clear.

For example, if you have a child headed to college soon with nothing saved for his or her education, is it wise to pump the brakes on your 401(k) and, instead, allocate money towards a 529 college savings account? College is sooner on the horizon, after all.

And if you have a workplace retirement plan, should you invest in it over a Roth IRA? Which takes precedence?

And where might a diversified brokerage account stack on your financial pyramid?

Head on over to the Mint blog for an overview of long-term financial investments worth aiming for and the best ways to prioritize them.

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Checking In: How is Aaron Progressing on His Goal?

The summer’s been a trying season for our friend Aaron who’s determined to erase $11,000 worth of debt over 12 months. He is now nearly six months into his plan and says the path has been harder than he could have ever imagined. I wrote earlier that he’s also trying to simultaneously build up his cash […]

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