Let’s look at the only reasons to ever contribute a Roth IRA in this post. A Roth IRA is a tax-advantaged retirement account where you contribute post-tax contributions. The contributions get to grow tax-free and the withdrawals are tax-free too. If you can contribute to a Roth IRA, then doing so is a way to […]
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Are you a little befuddled that with every record-breaking unemployment claim, the S&P 500 surges higher? After 6.6 million jobless claims on April 9, 2020 and even more the first week of May, the total number of jobless claims in 2020 stands at roughly 30 million or almost 20 percent of the working population. Even
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Besides the purchase price of a car, one must also calculate the potential maintenance cost, and auto insurance cost to determine affordability. We often focus on the first two costs. But, seldom do we realize the auto insurance cost differential until we’ve purchased the car! Back in 2012, I was so happy to negotiate $2,000
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Over the years, many people have inquired whether they should invest in a 401k or save for a downpayment. A home, after all, is usually the most expensive asset someone will buy in their lifetimes. Coming up with the downpayment is one of the biggest financial hurdles anybody can overcome. Furthermore, nobody wants to remain in a rental if
Invest In A 401k Or Save For A Downpayment? Both Are Good Options Read More »
Savings is the foundation of good personal finance. This article will discuss how much savings to accumulate by age so you can achieve financial independence and retire comfortably. It’s important to have savings targets at every age to keep you on track. When it comes to building wealth, you don’t want to just wing it!
How Much Savings Should I Have Accumulated By Age? Read More »
Every time there is a government rescue package, I’m left scratching my head wondering where all the money really goes. During the 2008 – 2009 financial crisis, Congress approved a $787 billion economic stimulus package that basically went to three things: Getting up to 99-weeks of unemployment was pretty huge for those who lost their
Paycheck Protection Program: The Best Economic Rescue Package Ever Read More »
The average saving rate by income increases the more you make. That’s logical since living expenses like housing and food tend to more relatively more fixed, unless you suffer from tremendous lifestyle inflation. However, the average saving rate doesn’t always increase with more income due to a lack of discipline. We all know people who
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When I retired in 2012, I decided to convert my 401(k) into a rollover IRA. Given I no longer have earned income as an early retiree, I can no longer contribute to my company 401(k). For those of you who are transitioning to a new job, rolling over your 401k is a good idea. Even though
Should I Convert My 401(k) Into A Rollover IRA? Read More »
Living in an expensive city has been the main way for millions to get ahead for decades. After all, most of the high paying jobs are all in expensive cities, which is why they are expensive in the first place! If you want to increase your chances of getting rich, then living in an expensive
Living In An Expensive City Can Make You Richer, Happier, And More Diplomatic Read More »
If you want to get the best life insurance rate, get life insurance before seeing a doctor. If you see a doctor too many times for non-life threatening issues, life insurance companies may see you as a higher risk. Even if you see a doctor for something relatively harmless, like snoring, an overzealous doctor might
To Get The Best Life Insurance Rate, Be Careful About Seeing A Doctor Read More »
