Money advice in funny, and easy to follow cartoons.

7 hard truths about money, in cartoons that will make you smile

My advice isn't funny, but it is solid. 

1. It is easiest to have money withheld from you paycheck. You will never notice it. If you cannot do that, put it away, into an IRA before you do anything else with your money. 

2. Tax favored accounts like IRA's, and 401K's are brilliant since they allow you to build wealth without Uncle Sam taking a bite each year. Roth IRA's are better because the money is not taxed when you take it out in retirement.

3. Invest primarily in index mutual funds or the equivalent. These have low fees, and commonly do better than funds attempting to meet their performance. Plus, they really are invest and forget investments.

4. Start young. 

5. If you have an investment horizon of longer than 10 to 15 years, keep you money in the stock market. 

6. Even if you receive a windfall, say an IRA inherited from a grandparent, you should maintain discipline, and make your IRA contribution each and every year. 

For parents and grandparents: Help you children invest in IRA's once they begin earning money. I offered my son a 100% match if he would stash a significant amount of money in a bank account for a "rainy day." At 21 he now has a retirement savings of just about one half of that of the average Boomer, he also received a large windfall of retirement income when his grandfather died. 

Baby Boomers Face a Shocking Retirement Savings Shortfall