About Edwin Cannon

Edwin Cannon has spent his entire career in the financial industry and specializes in alternative investments and surviving marketing turbulence. He started My Retirement Paycheck to help educate consumers about retirement investment options that aren't typically introduced by advisors.

Here are my most recent posts

Edwin Cannon

Personal finance wisdom dictates that everyone should save as much money as they can towards their retirement. Many experts state that the more funds an individual allocates to their savings, the better it is for them when they retire. However, that is not always the case, especially knowing that every individual’s financial situation is different. … Read more

There are many different types of accounts that individuals can open to start saving for their retirement. However, high-income earners cannot contribute to a Roth IRA directly. Fortunately, there is a “backdoor” way for them to enjoy the benefits of a Roth account. In this article, we will go over what a backdoor Roth IRA … Read more

Over the years, employers have come up with many ways to incentivize their staff and keep them motivated. One of the things that we’ve noticed is that employees look for a 401(k) plan when they join a company. In this article, we will go over what a 401(k) matching is and the 10 things every … Read more

A 401(k) plan is essential to prepare for the future. The more you contribute, the better. You may have heard about “matching contributions” before. It happens when employers “match” your contributions. Some people consider this “free money,” but how does that work? I’ll guide you through the process of employer-matching contributions and its different types. … Read more

Saving more money on top of your current 401(k) employee contributions sounds great, right? This is possible thanks to matching contributions. An employer’s matching contributions allow you to get a higher percentage of money into your 401(k) every year. Even though there are certain limits to making a matching contribution, this is an excellent way … Read more

As we enter the fourth month of 2023 amidst economic uncertainty in the United States, investors are looking ahead, and many experts are making their gold price predictions. The years 2020 and 2021 were challenging for consumers due to the pandemic and government-enforced lockdowns, severely impacting their spending ability. In 2022, the economy showed signs … Read more

The future can be scary because so much is unknown. This can be especially true when getting ready for retirement. While working, there is some financial certainty as you bring in a secure income to pay expenses. However, that changes when you transition into retirement. How much money do you need for retirement planning, and … Read more