Roth IRAs and traditional 401K accounts are designed to enable people to save money in investment accounts by offering tax advantages. These retirement accounts were meant to replace the defined employer pension plans of the past. With a pension plan an employee received a defined payment every month from their employer based on years of […]
Becoming a Millionaire: Roth IRA vs 401K (What makes the most profit) Read More »
In the FIRE movement (Financial Independence, Retire Early) there are 10 levels generally considered the journey from financial dependence to financial abundance. It can help psychologically to look at achieving financial independence as steps to new levels, one at a time. It is easier to focus on the next level than to see how far
10 Levels of Financial Independence And Early Retirement (How to Retire Early) Read More »
When University of Chicago professor Harold Pollack was interviewing Helaine Olen he said that “The financial advice most people actually need is common sense and simple enough that it would fit onto a 4-by-6 index card.” “I started getting emails saying, ‘Where’s the index card?’” Pollack explains. So even though it had more of a
All the Financial Advice You’ll Ever Need Fits on a Single Index Card Read More »
This is a Guest Post by @InvestorPlace Last year, roughly 43.7 million retirees received Social Security benefits, according to Statistica. While the average Social Security benefit is $1,461 per month, the average living retiree left full-time work at age 60. So, considering the minimum age to collect the benefits is 62, retirees need to manage
5 Investing Tips for Retirees Read More »
There was a question asked on finance Twitter by a wealth advisor that went something like this: “Okay, so you got out of the stock market and into cash in your 401K, and avoided the bear market, so when do you get back in?” Most portfolio managers believe in the long term, with asset diversification
When Should Investors Get 401Ks Back Into $QQQ? Read More »