If you’re a self-aware person at all then no doubt you’ve had periods in life where you realize you have regret for decisions you’ve made. We all make mistakes in life, big or small we make them. No matter how successful we are, we always feel we could have done better. While I wish I could have done some things differently, I’m quite content with … [Read more...] about Saving and investing for regret minimization
Traditional Versus Roth IRA This is a common question someone might have when first learning about retirement accounts. First, if you aren’t familiar with retirement accounts, you should read the primer here. If you are familiar, continue on. Outside of your employer 401k plan you have the option of contributing to self-directed individual … [Read more...] about Traditional Versus Roth IRA
How much money do you need to retire? This post is pretty important to me because finding my financial independence and my goal retirement numbers really set me on a strict path to be financially smart. It’s also an important post because retirement is not generally taught to you in most universities. Nowhere in my undergraduate finance … [Read more...] about How much money do I need to be able to retire?
Maxing out your 401k is a great way to build a solid long term financial foundation for yourself. I’m talking about a traditional 401k here which is generally available to all full-time employees via your employer sponsored plan. Even if you don’t get matching, the 401k is a great way to build this tax-sheltered chunk of financial independence … [Read more...] about Why I like the 401k (Traditional)
Why am I writing this blog? For a few simple reasons: Desire to learn about WordPress and building simple blogs Interest in getting better at writing Platform to share my thoughts on personal finance and the subject areas related to it Learning how to build a blog This part has been a little more of a learning process … [Read more...] about Why I’m writing this blog
The purpose of this post is to give a brief overview of retirement accounts. I will go into more detail in later posts, this is simply meant to explain each main type of account. The main advantage of retirement accounts is that they are a shelter from capital gains taxes. Any money made in the accounts is tax free. That means if you are an early … [Read more...] about Retirement Account Primer