One of the main questions that has come out of my 529 savings guide by age post is whether to contribute to a Roth IRA or a 529 plan to pay for college. This is a great question I did not think about because contributing to a Roth IRA is not something I have ever […]
Roth IRA Or 529 Plan To Pay For College: Comparing The Pros And Cons Read More »
The 529 plan is one of the best was to save and invest for your children’s college education. Although you contribute after-tax dollars, your investments get to compound tax free. When used for qualified educational expenses, there are not taxes. Let us dig deep into the recommended 529 plan amounts by age. The appropriate 529
Recommended 529 Plan Amounts By Age: Careful Saving Too Much Read More »
The coronavirus pandemic really got me thinking about all of our children’s’ futures. The world was suboptimal for two years. But what will their world be like in this already brutally competitive place full of constant rejection? Let me share a guaranteed way to prevent unemployment: career insurance. In big cities, expect to spend up
Career Insurance: The Guaranteed Way To Prevent Unemployment Read More »
If you want to raise better adjusted kids, you probably want to practice some level of stealth wealth. Stealth wealth helps so that they don’t grow up spoiled and unable to recognize prosperity. This article provides a stealth wealth solution for real estate investors with kids. A couple readers have pointed out that I was
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Phew! It feels so good to have survived the first quarter of 2020! With the global pandemic raging on and the return of the big bad bear, March surely had to be one of the longest months of our lives. What started off as a banner quarter with solid investment gains and record high online
1Q2020 Financial Samurai Review: A Brutal, But Beautiful Quarter Read More »
There is a never-ending debate between going to public or private school. Is private grade school and private university really worth it? I’m not so sure in this day and age of high inflation and free online education. Personally, I went to international private school while my parents were stationed abroad until I was 13.
Public Or Private School? Paying $1 Million For Private Not Worth It Read More »
Instead of telling you how my family is doing OK during the coronavirus crisis, I wanted to share with you how our family is being negatively impacted by the coronavirus. I’ll then provide another update one year into the pandemic. From going through a logical exercise on how to predict a stock market bottom to
How Our Family Is Negatively Impacted By The Coronavirus Crisis Read More »
Divorce is one of the worst destroyers of wealth. May you never have to go through one. Love birds beware. The following is a guest post from Financial Samurai reader and medical doctor, Xrayvsn. A divorced ruined his life but he clawed his way back. Divorce. Few words in the English language can elicit as
A Divorce Ruined My Life, But I Clawed My Way Back Read More »
Want to gain financial independence sooner rather than later? Well, you can gain financial independence the hard and honorable way by doing everything yourself. Or you can gain financial independence the easy way by depending on your parents for money. When I graduated from college in 1999, a bunch of my fellow first-year classmates at
Gain Financial Independence By Depending On Your Parents For Money Read More »
My estate planning lawyer said something interesting before I decided to hire her. “People who aren’t rich might need estate planning more than rich people because they might not be able to afford to pay probate fees in the case of an untimely death.“ Leave it to the US court system to make the distribution
Three Things I Learned From My Estate Planning Lawyer Everyone Should Do Read More »
