Category: early retirement

How And Why To Set Up A Roth IRA Conversion Ladder

How And Why To Set Up A Roth IRA Conversion Ladder

One problem with retiring early is that you can’t access your tax-sheltered retirement accounts until 59 1/2 without taxes and penalties. Luckily the Roth IRA conversion ladder can help solve this problem. A Roth IRA conversion ladder entails moving your money from a tax-deferred account, such as a 401(k) or traditional IRA, into a Roth IRA. … Continue reading How And Why To Set Up A Roth IRA Conversion Ladder

How Compound Interest Will Make You Rich

How Compound Interest Will Make You Rich

If you’re young, you’ve got a secret weapon. A HUGE secret weapon. Think on the scale of the Kryptonite that’s designed to bring down Superman. We’re talking about compound interest, and yes, compound interest is that powerful. Even Albert Einstein said that  “Compound interest is the eighth wonder of the world.” And we all know … Continue reading How Compound Interest Will Make You Rich

The Basics of Investing For F.I.R.E (Financial Independence Retire Early)

The Basics of Investing For F.I.R.E (Financial Independence Retire Early)

Arguably, the two pillars of obtaining FIRE are knowing how to save and invest. When you’re just starting out, it can be a bit overwhelming. There are so many different types of investments to consider – Stock vs Bond, Roth vs Traditional IRA and 401k, just to name a couple. So many questions you may have – … Continue reading The Basics of Investing For F.I.R.E (Financial Independence Retire Early)

Roth 401(k) vs. Traditional 401(k) | Similarities, Differences, and Examples

Roth 401(k) vs. Traditional 401(k) | Similarities, Differences, and Examples

The 401(k) is a common financial tool for building up retirement savings. Not only does it offer tax advantages, but some employers match their employees’ contributions. If you’re starting a new job, opening and contributing to a 401(k) is almost always a good idea. But should you put your money into a traditional 401(k), as nearly … Continue reading Roth 401(k) vs. Traditional 401(k) | Similarities, Differences, and Examples

How To Retire In Less Than 10 Years

How To Retire In Less Than 10 Years

If you think building up enough cash reserves and income to retire within ten years is impossible, think again. The reality is, early retirement is absolutely possible. All you need is some education, some street smarts, and dedication to your goals to make it work. Don't believe me? If retiring early sounds unrealistic, consider a few … Continue reading How To Retire In Less Than 10 Years

What Is the FIRE Movement? 9 Steps to Financial Independence Retiring Early

What Is the FIRE Movement? 9 Steps to Financial Independence Retiring Early

We live in such a remarkable time. It’s never been easier in history to make enough money to live a life you love. People even 20 years ago would be so jealous of the opportunities we have today to live the life we want. We can work anywhere. Travel the world for less. This is … Continue reading What Is the FIRE Movement? 9 Steps to Financial Independence Retiring Early

How to Invest: A Beginner’s Guide to Investing in the Stock Market

How to Invest: A Beginner’s Guide to Investing in the Stock Market

This “Investing for Beginners” Guide will walk you through, step by step, how to start investing without feeling completely overwhelmed. Do you want your money to earn you more money? Well, it can’t do its work hiding in a bank account. Whether you want to save for your child’s college or prepare for retirement, you’ll … Continue reading How to Invest: A Beginner’s Guide to Investing in the Stock Market