Because YOLO is much better with FIRE
As a personal finance enthusiast, I’ve seen countless investors make one fundamental mistake: they put too many of their eggs in one basket. I get it. It’s intoxicating to believe you’ve found the one winning stock, the one hot sector, or the…
There are several ways of becoming a Millionaire. Some are easier and some are more difficult. The intent of this article is to identify what it really takes to become a Millionaire. There are several assumptions make in this article while trying…
I have spoken about Roth IRA before and its benefits. It is an amazing offering that allows one to park money for tax-free growth but doesn’t truly lock it away. The withdrawal of income is a handy safety net that allows access…
There is a strategy, not as common as backdoor Roth but allows in some cases up to 36,000 to be saved in Roth IRA in a year.
The IRS announced the contribution and income limits for the 2020 calendar year. For 2020, these limits are: Contribution Limits Unchanged The total amount you can contribute to either a Roth IRA or a Traditional IRA remains unchanged at $6,000. People 50 and…
Many HSA advocates recommend funding an HSA before an IRA. There are several reasons to recommend this strategy but is this a rule of thumb applicable to all? Let’s evaluate An HSA offers triple tax breaks. Money goes in rax-free, grows tax-deferred and withdrawals…
I noticed something had changed on the TransUnion website about freezing credit this morning when I was giving links to family so they could freeze theirs. I froze my credit the day after news about the Equifax breach broke, and it looks…
FIRE refers to Financial Independence and Retiring Early. Financial independence refers to having enough money that you can stop working or money. It doesn’t mean that you cannot work but it means that you are no longer dependent on your job (of…