Family Finances

Roth IRA Or 529 Plan To Pay For College: Comparing The Pros And Cons

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

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Recommended 529 Plan Amounts By Age: Careful Saving Too Much

From a financial perspective, one of the best things to come out of the coronavirus-induced market meltdown is being able to contribute to your children’s 529 plans at lower index prices. Let us dig deep into the recommended 529 plan amounts by age. The appropriate 529 plan amounts by age will help ensure that you

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Career Insurance: The Guaranteed Way To Prevent Unemployment

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

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A Stealth Wealth Solution For Real Estate Investors With Kids

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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1Q2020 Financial Samurai Review: A Brutal, But Beautiful Quarter

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

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Public Or Private School? Paying $1 Million For Private Not Worth It

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.

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How Our Family Is Negatively Impacted By The Coronavirus Crisis

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

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A Divorce Ruined My Life, But I Clawed My Way Back

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

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Gain Financial Independence By Depending On Your Parents For Money

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

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