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…

The right investment account can make all the difference, but the right one for you depends on the specifics of your situation. This post walks you through the pros and cons of each one so that you know exactly which retirement accounts will help you get the most out of your savings, allowing you to reach financial independence as soon as possible.Read more…

My wife and I didn’t make all that much money in 2014, mostly because I’ve spent the year starting my business. And while everyone likes to make money, there are some silver linings to having a year with lower income. We’re taking advantage of our lower income in two specific ways, both of which will save us money on taxes years down the line.Read more…

In the past couple of weeks, we’ve talked about some unconventional wisdom in the Traditional vs. Roth IRA debate showing a big potential benefit of a Traditional IRA that isn’t often discussed. We then countered that with an article looking at 5 reasons a Roth IRA might be right for you. If those two weren’t enough to make your head… Read more