Reading Time: 3 minutes You may have heard the term “FIRE” when referencing retirement on social media and been confused, so today I’ll answer a question many people have been asking about in our mailbag, and that is what is financial independence, retire early – or FIRE – all about? What Is F.I.R.E.? FIRE is an acronym for financial … Read more
Reading Time: 2 minutes If you have questions about the 2021 IRS Retirement Plan Limits, I’m going to do my best today to answer them. According to multiple sources you can cross reference below, the Employee 401(k) contribution will cap at $19,500 for 2021 and it will also have offer the ability to make a $6,500 catch-up contribution investment … Read more
Reading Time: 4 minutes I have a hard time looking at my finances and being happy unless I have an end use case for the funds. Many years ago I started setting financial goals that focused on the short term, midterm, and long term. Without an identified end goal, I found I was just saving money without a purpose, … Read more
Reading Time: 3 minutes Today I’ll talk about how you can set yourself up for a comfortable retirement by breaking down how much money you should need at each age. You’ll most likely start looking into how much monthly income it’ll take you to retire comfortably by asking yourself how much do I need to retire? This answer depends … Read more
Reading Time: 5 minutes Our team tries to analyze retirement scenarios for people of all income levels who have a variety of retirement wishes. While some people wish for yachts and caviar, others just want a tranquil life of simple pleasures and the absolute necessities. Today we huddled and did some research on a comment to another post which … Read more
Reading Time: 3 minutes Being secure financially is the mentality you carry when you don’t have to be concerned about your income being substantial enough to pay for all of your expenses. Being financially secure also suggests that you have cash at hand should an emergency happen, such as having to invest in new appliances or having extensive medical … Read more
Reading Time: 14 minutes In this article, I cover a few important topics such as the disadvantages of self directed ira, what does self-directed ira mean, and I even reveal the best self-directed ira custodians. An Individual retirement account commonly referred to as an IRA, which holds different types of investments and is managed by the individual who owns … Read more