How to plan for Social Security in retirement is a concern for many. This article explores how social security works, what might happen with social security moving forward and when you might want to begin collecting your benefits. Social Security was introduced in 1935, in the bowels of the Great Read more…
To get the best returns in the long run, investing wisely is critical. In this article are some tips for investing that will help you grow your money. While I will never recommend the latest “stock picks” in my blog, I will openly share my advice on strategies for investing. Read more…
Yesterday, I spent some time going through my closet to get summer clothes put away for the season. As I went through my closet, I realized how long I have held on to certain things. As I swiped through, hanger after hanger, like a single on a hot pursuit through Read more…
Why you should consider an increase to your savings rate Living on half of your income can seem painful. However, it doesn’t have to be, and it can be done. Your rate of savings is the most important factor in driving your overall wealth. It has the power to drastically Read more…
Do you hope to retire at some point? Is it in the next 5 years? 10 years? 20 years? longer? Now is a good time to assess if you’re going to be ready. Do you know how much money you’ll need to retire? Read on. What retirement do you envision? Read more…
We cut cable nearly 15 years ago and with it, we also cut cable costs, but forced ourselves to live beyond the TV. Yesterday, I made my annual call to the cable company to continue locking in a low $29.99/month rate for high-speed internet service. Like most people, I hate Read more…
Most things have an order to them. Building a house, planting a garden, making a meal. Retirement planning is no different. In order to maximize your savings and earning potential, there are recommendations on the right order of retirement savings, including which “buckets” or accounts to invest in to get Read more…
I have had so many people in my life negatively impacted by debt, some as high as 6-figures worth of consumer debt Inot including mortgage) alone. The average consumer debt in the United States is $93k! Debt causes major issues in physical health, in relationships and in overall mental well-being. Read more…
If you have access to a 401k or 403b account with an employer match, your first step in retirement savings should be to contribute to the point of the employer match in that account. Once you’ve done that, an Individual Retirement Account or IRA is the next place you’d turn Read more…
Do you earn too much to invest in a Roth IRA? Do not fret, a backdoor Roth IRA can help you. The Roth IRA is a significant tool for wealth building. It allows you to contribute money annually (in 2021, $6000) in an after-tax manner. But, the bonus is that Read more…