Category: Investing
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Preparation for Tax Time
We’re in the last quarter of the year and now is a good time to make sure you are on track for contributing what you wanted to contribute to your retirement accounts prior to 2025. You still have time to make changes to your withholding to ensure you end up where you want to be….
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Wanna Be a Millionaire?
It’s all about investing! Mostly, it’s about investing consistently over the long term. According to Investopedia, the S&P 500 has a yearly average return rate of 9.90% since 1928. Since adopting 500 stocks into the index in 1957, it’s actually 10.26%. The reason this matters is because I’ll be showing you the math with an…
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Lean FIRE
I’ve read that some people define Lean FIRE as being less than $40k per year. I’ve also read that it’s supposed to be less than $40k per household, meaning $20k or less per person. I count myself as going after Lean FI, even though I am planning on being single spending about $30k per year….
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Coast FIRE
I’ve officially hit the Coast FIRE milestone! Which means that if I wanted to start using all of my money right now rather than investing, I could. I could stop contributing to ALL of my retirement accounts and investment accounts and just coast all the way to retirement. Upon my arrival at 65, I would…
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457b Retirement Account
Everyone has heard of 401k accounts. Many people have heard of 403b accounts, which are the 401k equivalent for those in public education or non-profit organizations. I want to teach you about the hardly known, 457b account. Who is Eligible for Them? These accounts are also retirement accounts that are available for state and local…
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Traditional IRA vs. Roth IRA
Do you hear the term Roth often and aren’t quite sure what it means? Do you already know what it means but aren’t sure what is better for your situation? I’ll explain the difference between a Traditional IRA compared to a Roth IRA and why you should consider each depending on your situation. Comparison First,…
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Investment Accounts
There are many different types of accounts where you can invest from. The account itself isn’t the investment. The account is merely the basket that holds the investments. The type of account is what determines what benefits you get from investing within that account. There are two basic account breakdowns: 1. employer sponsored, which you…
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Journey to FIRE – September Update
This is where I’m at in relation to my FIRE goal. I am amazed that this is where I’m at! You’ve no idea. I was looking through old screenshots trying to see if maybe I had one of me having no investments so I could see how long ago that was. The earliest I could…