If you are self-employed, then you might want to establish a Solo 401k. It is a retirement savings option available to people who work for themselves. If you own your own business and your only other “employee” is your spouse, then you still qualify for a Solo 401K. However, if you have your own business […]
People often move money around especially to pay off debt. This can make a lot of sense. However, be careful about the choices that you make when shifting your money. For example, don’t use your 401K to pay debt. Virtual Money Makes Moving Money Easy I rarely carry cash. I don’t write checks. When people […]
If you want to retire early, then you have to plan accordingly. Unless you happen to strike it super rich when you’re young, early retirement means that you have to take a long view of your financial future. One of the things that people often forget is to plan for the bridge period. What is […]
If you want to retire early, then you have to do a lot of planning. After all, you’ve got to anticipate a variety of factors about the future. Then you have to make a strategic plan that incorporates what you anticipate. One of the things that you have to take into consideration is where you […]
It’s difficult to parse out the early retirement facts from the fiction or myths. After all, these days, it’s hard to even define what early retirement really means. There’s a big movement to retire early. FIRE (Financial Independence, Retire Early) has caught on. As it has, though, the writing around it has perpetuated certain myths. […]
High fees on investments can really bring a retirement portfolio down over time. Because the time horizon is so long for many retirement portfolios, the bite that these fees can take really compounds over the years.
It’s no secret that FIRE (financial independence/retire early) is a goal of mine. When it comes to planning it, retirement calculators are a super helpful tool. Usually, retirement calculators focus on the individual’s savings and spending plan- aka their budget. There’s a new retirement calculator on the block, and it wants nothing to do with your […]
Hey y’all! This is a contributed post by Brianna Hall. She is a freelance blogger who has been exploring ways on how she can reach financial freedom soon. Being a Millennials, she has high hopes that she can change the way her generation thinks about investment. Brianna is now working on her investment portfolio through […]