Tips and information on preparing for retirement or managing money and investments in retirement
What is FIRE? It is definitely hot, but not in the way you might think 🙂 FIRE is an acronym meaning Financial Independence Retire Early. People like Vicki Robin, author of Your Money or Your Life, are credited with creating the FIRE movement. There are various levels of FIRE, but Read more
Choosing the right option for managing your money, such as retirement accounts and other investments, is critical. Choosing a bad financial advisor can have a lasting impact on your future net worth, ultimately leading to additional years you need to work to meet your retirement goals. A difference between a Read more
Creating a vision for your retirement is critical to your happiness in your golden years. Jim and Beth retired 5 years ago. They were both excited to finally be done with work after over 30 years and were on to a new chapter in their lives. They had been dreaming Read more
Over the years working in corporate America, I have encountered people who were self-proclaimed “trust fund babies.” They only worked to have something to do or to pave their own path in some way. I had a lot of respect for that, and at the same time, I found myself Read more
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
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
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
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
My beginnings formed my relationship with money. I grew up with a single mom. She consistently worked three minimum-wage jobs at a time to make ends meet. My childhood was the definition of scarcity. We didn’t have a car. We lived in government-subsidized housing. My lunches consisted of grilled ‘government’ Read more