Category: Retire
A few weeks back, I was having a chat with a younger friend who raised the following: “I was hoping to talk about 401K vs saving money to have …
I was having lunch with a co-worker a while back, and the exhilarating topic of retirement accounts came up. Our employer offers a generous 50% 401K match, which led …
If you have self-employment income, SEP IRAs (SEP stands for “Simplified Employee Pension”) are a great vehicle for turbo-charging your retirement savings while simultaneously reducing your tax obligation. Along …
401Ks “suck”. But only in comparison to what they’ve replaced. And given that they are the standard today, you would be wise to make the most of your 401K, …
When is the 2022 IRA Contribution Deadline? Here’s a personal finance 101 must-know special: the deadline for IRA contributions for a calendar year is the tax deadline for that …
As outlined in my recent Safe Withdrawal Rate post, answering the “How much do I need to retire?” question is critically important for anyone who wants to retire some …
I’m excited to finally unleash my Safe Withdrawal Rate post as I believe it can be life changing, when used properly. Note that the safe withdrawal rate concept and …
In my previous Roth IRA basics post, I received the following question from a reader, Julia: Great summary, but I think it’d be interesting to hear about the Backdoor …
