There are some basic tenets of personal finance that are recommended for everybody. One of these is the emergency fund. In fact, it's often recommended as the very first step when people are learning to control their money. This guide explains the basics of an emergency fund: … [Read more...] about Quick Guide to the Emergency Fund
Finance Fridays
The 72(t) Rule or How to Withdraw Retirement Funds Early Without Paying Penalties
Anybody that talks to me about personal finance or retirement for more than about 10 minutes knows I plan to retire early. How early is to be determined, but I know I don’t want to still be working for pay when I’m 65. There are a few reasons for that, which I will reveal at a … [Read more...] about The 72(t) Rule or How to Withdraw Retirement Funds Early Without Paying Penalties
Traditional vs Roth Retirement Accounts
If there’s a question I’ve seen a thousand times, it’s “should I invest in a Traditional or Roth retirement account?” A lot of people feel very passionately about this topic. If I had to pick which one I see recommended more, it’d be Roth. But there are plenty of reasons to … [Read more...] about Traditional vs Roth Retirement Accounts
What is an IRA? A Beginner’s Guide
An IRA, or Individual Retirement Account, is one of several types of retirement account that allow you to make tax-advantaged investments to provide for your financial security when you retire. i.e, it’s a way to save money for retirement. Within the IRA construct, there are two … [Read more...] about What is an IRA? A Beginner’s Guide