Posts filed under: Personal Finance

Last week, I wrote about one strategy for accessing the funds in your retirement accounts early. This strategy is called a Roth Conversion Latter. The Roth Conversion Latter involves converting money from your Traditional IRA to your Roth IRA. In this week’s post, I tackle a second method that enables you to pull money from......
  • roth conversion ladder
Admittedly, I’ve been complacent writing blog posts. I had a work trip and then a friends 30th birthday that consumed my last couple of weekends. But, I plan to get back in my normal routine of weekly posts and attempting to get ahead on writing. A huge shout out to some of my readers that asked......
  • simplest budgeting method
My wife follows Jordan Page, who is a blogger and YouTuber. She has this unique idea for budgeting that my wife and I are about to begin our third week trying. Jordan calls this budgeting method the Simplest Budgeting Method Ever. An Overview of the Budget… Here is how the concept of Jordan’s simplest budgeting......
  • bull market
The market has been a bull market for the better part of seven years. I used this cool calculator to show that the annualized return for the S&P 500 is almost 11% from 2009 through present day. Even crazier, if you reinvested the dividend returns, the annualized return is over 13%! Wow… That is an incredible......
  • traditional 401(k) or roth 401(k)
One of my good buddies came over this weekend and he recently got a new job. He is contributing to his company’s 401(k) plan – which is excellent! He met with a few folks from HR to figure out whether a traditional 401(k) or Roth 401(k) would be best. The folks that he met with......
  • financial independence
If you could quit your job today and pursue one or more of your passions, would you? Is it really possible to quit your “real” job in your 30’s or 40’s? Imagine how much of the world you could see if you weren’t saddled to your desk working that 9 to 5. On a whim,......
  • handyman
I recently read this article from Mr. Money Mustache (MMM) named Making Space for Badassity. In this article, MMM challenges his readers to stay home for a weekend with zero plans. He writes, make a list of things you want to get done around the house or something you can do to improve yourself. Be the handyman,......
  • compound interest
I recall learning about compound interest when I was in 8th grade. My 8th-grade math teacher went over an interesting math problem: how much do we need to save to reach $1 million. This problem stuck with me because who doesn’t want to have $1 million?! In case you are curious, you would need to......
  • seven factors millionaires possess
Thomas J. Stanley and William D. Danko wrote the book The Millionaire Next Door in 1996. Dr. Stanley conducted interviews with millionaires between 1982 and 1996 to understand the wealth building traits these people possess: discipline, sacrifice, and hard work. Ultimately, Stanley and Danko developed the seven factors millionaires possess. If you haven’t read this book,......
  • health savings accounts
Whether you’re a fan of the new American Health Care Act (AHCA) or not, there is one valuable benefit in the new AHCA plan. The valuable benefit is increased contributions into a Health Savings Accounts. The contribution limits for Health Savings Accounts (HSA) are set to increase significantly for individuals and families. Below, the table......