How much money should you be saving for retirement? What monthly contribution will put you on track to reach financial independence on your own terms? In some ways this is the ultimate financial question, and this article walks you through a calculator that shows you exactly how much you need to save each month to get on track.Read more…
Financial Independence: Redefining Retirement for This Generation
Posted September 21, 2017
What are you investing for? The party line is that you’re saving for retirement. You know, that thing you get to do in your 60s after you’ve kept a stable job for 40+ years and finally have enough money to abruptly quit and enjoy your golden years. But that’s an old school way of thinking, and the new school approach is a lot more fun.Read more…
Traditional vs. Roth IRA: The Unconventional Wisdom
Posted June 6, 2017
The conventional wisdom is that if you’re young or in a low tax bracket, you should contribute to a Roth IRA. But there are some flawed assumptions there, and the whole Traditional vs. Roth IRA debate looks a lot different when you actually run the numbers. Here’s the truth so that you can make a more informed decision for yourself.Read more…
How to Choose the Right Investments Within Your 401(k)
Posted March 14, 2017
Choosing the right investments within your 401(k) can be confusing. Your options are limited, and companies don’t always make it easy for you to even figure out what those options are. But you deserve to make the most of your 401(k), so in this post you’ll learn how to choose the best 401(k) investments available to you.Read more…
The Mega Backdoor Roth IRA
Posted March 7, 2017
If you’re already maxing out all of your retirement accounts and you’d like to save even more money in a tax-advantaged way, this one’s for you. The Mega Backdoor Roth IRA allows you to contribute up to $36,000 per year to your Roth IRA, on top of your other retirement savings, without any income restrictions. Interested?Read more…
