Retirement on Shine

User post: Would you consider moving to another country?

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There was an article in yahoo, that appeared a few days back. It was a survey about migration to another country. Where are you from? Would u consider moving your family to another country for greener pastures? I'm from Asia and though we are not rich, we live a fairly…

Don't cash out your 401(k)!

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Talk about a glass-half-full, glass-half-empty time. Just when we can be encouraged by news that the recession is over, it's hard to feel happy when so many people remain out of work and unemployment is expected to rise even more before it falls.

Here's another reason it's hard to feel good about any possible forward momentum: A Hewitt Associates study finds that even though we have talked a good game about the importance of saving during this economic crisis, it turns out that half of all workers continue to cash out their 401(k) plans when they leave or change jobs.

Simple steps to reach $1 million

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Let's face it; we all don't make millions of dollars a year, and the odds are that most of us won't receive a large windfall inheritance either. However, that doesn't mean that we can't build sizeable wealth - it'll just take some time. If you're young, time is…

A WWE Diva leaves a career for marriage: Do women really still do this?

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Last night, Lilian Garcia stepped out of the ring and waved goodbye to her career as an announcer for the WWE. Garcia, one of the federation's most famous voices, participated in many of the dramatic story lines while wielding the mic for Raw and other wrestling specials and shows.

Dubbed the first and only "Decade Diva" for the WWE, Garcia's ten-year stint came to an official and emotional close, which she described as "tough." Although her contract expires at the end of the year and wrestling publications report that her retirement was not a surprise.

What is most interesting to me about this story is not that the singer, radio deejay, and pageant winner made a career out of belting out the national anthem and playing along with wrestling hijinks, but the reason given for her departure. Garcia, blogs and other pubs are saying, left to get married.

User post: The power of compounding

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Question: Would you rather have a million dollars now or take a penny now and double the amount for 30 days?

As expected, 90% of people chose the million dollars now option. I would have made this choice myself a few years ago. But this would have been the poorer choice, because you would have shortchanged yourself by over $4 Million at month-end. Don’t believe me? Look at penny table calculation on the right. The simple act of doubling your previous day’s investment can rapidly reap huge rewards thanks to the powerful concept known as compounding .

Now a 100% return every day is highly unlikely, but the principle of compounding holds true for even smaller returns (though it will take longer than a month to make your fortune). This is why compounding is a core aspect of good personal finance and the reason why the rich get richer. As outlined in a Kiplinger , when you're young, you have an asset money can't buy: TIME. Start saving now and turn pocket change into riches. Compound interest has been called the eighth wonder of the world. And with good reason. It magically turns a little bit of money, invested wisely, into a whole lot of cash. Even Albert Einstein is said to have called it one of the greatest mathematical concepts of our time.