I'll Never Get Old!
Do you remember when you were 16 and thought 21 was so far away but when you got to 21, you thought 30 was so far away? I know I did and now I'm in my early 40s and wished I started retirement saving in my 20s instead of when
Are You A Hustler? Supplement Your Income, Change Your Financial Circumstance
For most of the working-class, the dream is to provide a comfortable life for loved ones and to have enough money to allow for incremental climbing of the proverbial financial ladder. In today's economy of high inflation and rising cost of living, our money doesn't go as far as it
Understand And Use Compound Interest To Your Advantage
Just like the redwood trees took time to grow into the giants they we know today, growing your money also takes time and patience. Redwoods didn't grow to be the tallest trees on earth overnight, it happened over time because they found the right environment for growth. Unlike the redwoods,
What's Your Retirement Number?
Journey to retirement is long, winding, and full of highs and lows. But what remains constant is the need, and hopefully the desire, to stay on the long path to retirement. But the million dollar question is, how do you know which path to take if you don't know what
Back Door Roth-IRA Conversion: A Tool To Build Tax-free Wealth
So you want to build long-term wealth AND you don't want to pay taxes? Asking a lot, aren't you? You're in luck. Congress gave you a tool to do just that. It's called Roth-IRA. What is Roth-IRA? Roth-IRA is Individual Retirement Account (IRA) to which one contributes post-tax money and
What Long-Term Investors Need to Know and Practice
Financial journey to retirement is not a race. It's more like a slow and steady climb spanning the entire career. The younger you are when you start the long climb (investing), the better off you'll be when you reach the top (retirement.) Unlike climbing real mountains, climbing the retirement mountain
What's In Secure 2.0 Act: Expanding Coverage and Increasing Retirement Savings
The SECURE 2.0 Act, also known as H. R. 2954, went into effect this year. Do you know what's in it? And how it may or may not benefit you? Well, let's find out. Key aspects: * Required Minimum Distributions (RMDs) increases to age 73 in 2023 and to 75
Investing Aimlessly? Its Time To Coalesce behind one Investing Strategy
It is very common for investors to be all over the map with their investing decisions. Main reason for this usually is a lack of knowledge on the topic or they decide to invest based on someone else's recommendation without researching the investment on their own. It's very common for
OMG! Retirement Is Born: What is it?, What We Do and Don't Do.
Today is Friday the 13th, well, that's just how it worked out and I didn't realize what day it was until much later... and because I'm not very superstitious, and life is too short, I launched the blog anyway. What do I want to accomplish with this blog? The blog