Your 401k is meant to fund your retirement. But you can withdraw money from it earlier. Is borrowing against your 401K ever a good idea?
If you want to become a millionaire, it’s entirely possible and easier than you think. No snake oil or voodoo, here, just 16 realistic ways to make one million dollars.
Social security can be a relic of the past by the time Millennials reach the age of eligibility. We all need to take our retirement into our own hands. You don’t have to spend the whole prime of your life slaving for the man. The word retirement has many definitions, we’ll look at the new face of retirement.
No one wants to work forever and retirement at 65 isn’t good enough. Early retirement is the goal. If you want to learn how to retire early, keep reading.
Taxes are a big expense for most of us but there are plenty of ways to save. We’ll show you how to reduce your taxable income legally.
Building wealth can be like losing weight. It’s not always easy, but it is simple. We’ll show you the keys to building wealth.
We’re putting two portfolios head to head. When it comes to the All Weather Portfolio versus the Golden Butterfly, which comes out on top?
Health insurance is so complicated. We deep dive into HSA plans so you can get the most out of your health care dollars.
We talk about portfolio diversity to insulate from risk. But if you want to ramp up returns, consider diversifying your retirement with alternative assets.
Death and taxes. I thought about the most depressing way to start this article, and mentioning those two inevitabilities was it. Okay, not really, but keeping them in mind is extremely important when thinking about tax-efficient retirement withdrawal strategies (and how to make your retirement savings last).
If you read any personal finance blogs or listen to any personal finance podcasts, you’ve probably heard of the FIRE movement. We set about finding the truth about the FIRE movement.
Baffled by what the best IRA accounts for your retirement plan are? Discover how to pick the best one by asking yourself these essential questions.
If you’ve ever heard of using your whole life insurance policy like a savings account to borrow against, then you’ve heard of the Infinite Banking Concept.
401k fees can cost tens of thousands of dollars in retirement savings over your lifetime. Hidden fees. Service fees. Registration fees. It doesn’t seem like much, but enough of them over time will consume your bottom line. Learn what the different fees are in your 401k and how to avoid them.
Most of us dream of retirement, sleeping in, no commute, all of our days will belong to us, and we can use them to do whatever we want. For those into the FIRE (Financial Independence, Retire Early) movement, retirement might be just around the corner. For those planning to retire at the traditional age of 65, it might be decades away.
Retirement used to mean a gold watch and pension. Times change. Today, retirement for most people is driven by an investment portfolio. But building your nest egg is only one part of the equation. It comes down to one question when you’re ready to retire: how do you manage it?
Planning, discipline, and, of course, saving are all needed to fund a retirement. But what happens when it’s time to retire? How much can you spend each year? How can you make sure you don’t run out of all the money you saved?
Whether you are sitting here reading this with a couple of dingy nickels you scraped out of the bottom of your buddy’s couch to your name or are using 100 dollar bills as paper towels, these four pillars of financial freedom are the keys to increasing your assets.
Today we’re getting into the gritty details of what a SEP-IRA account is and whether it’s the right play for you. However, this retirement account isn’t for everyone. Know what the SEP-IRA rules are before opening yours.