There are three primary types of retirement plans in the U.S. today: Traditional IRAs, 401(k)s, and Roth IRAs. This article will focus on whether doing a backdoor Roth IRA is a good move for higher income earners. It is often debated which of the two IRA options is better: the Traditional IRA that is tax […]
Is A Backdoor Roth IRA A Good Move For Higher Income Earners? Read More »
Wealth management can be a full-time job if you have a lot of investments. Investing family money can be stressful. At some point, you might want to hire a money manager to help you with your finances. When I sold my rental house, I thought my stress would go down at least 80%. After all,
When Is It Time To Hire A Money Manager? Wealth Management Can Be A Full-Time Job Read More »
Alexandria Ocasio-Cortez, aka AOC, is a 30-year old Congresswoman from New York’s 14th district. As of 2020, AOC is 30 years old self-proclaimed Democratic Socialist and is one of the most popular politicians in America. Despite her position as a Congresswoman, many have wondered whether AOC is smart, or downright dumb. First of all, you
Is Alexandria Ocasio-Cortez (AOC) Dumb? Read More »
How To Engineer Your Layoff is my national bestselling ebook that will teach you how to negotiate a severance package. For those of you who want to walk away from your job with money in your pocket, my book is for you. By age 34, I was able to confidently leave my job in finance
How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye Read More »
Dear Financial Freedom Seeker, I spent 13 years working in one of the most high-powered, fast-paced, and stressful industries in the world. By the time I was 27, I was promoted to Vice President where the typical VP promote is 32-33. In 2009, I started Financial Samurai which has now grown to about 500,000 organic visitors
Financial Samurai Personal Finance Consulting Read More »
Long-term care insurance may be needed to afford the remaining years of your life or someone you love. I spoke to my father yesterday and curiously asked him about his thoughts on assisted living facilities. “Absolutely depressing!“, he said. I couldn’t agree more that assisted living programs are depressing given it reminds us everyday about
Should I Get Long-Term Care Insurance? Read More »
How do you choose between love or career? Both could last a lifetime, but perhaps not simultaneously. Yet some lucky people find and manage both beautifully. Which is more important in the long run? Let’s study an example of one woman’s struggle deciding between love or career. Her name has been changed for privacy. Sacrificing
Love or Career: Which Is More Important? 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 »
In America, debt welchers are admired, and that’s a problem. Let me explain how adopting an attitude of not paying back your debt will lead you to less wealth and more unhappiness. I’ve always grown up believing that taking on too much debt is a bad thing. What’s even worse is taking on debt and not
Why Debt Welchers Are Admired: Hypocrisy At Its Finest Read More »
Something very bad happened to me the other weekend. I lost $800 dollars betting on the 49ers to win the Super Bowl. Earlier, I had won $600 betting on the 49ers to beat the Vikings and the Packers. But lost it all and then some when the 49ers couldn’t hold onto their 10-point lead. I
Inside The Mind Of A Gambling Addict: No Bet, No Win Read More »
