It's the day before Thanksgiving in the US, so I thought it'd be a good idea to show some thanks. Here are some of the financial things I'm thankful for. Retirement PlansEvery dollar I put into the Traditional side of the Thrift Savings Plan is currently saving me 24 cents in … [Read more...] about Financial Things I’m Thankful For
IRA
Your Roth IRA Contributions Belong To You
When you talk about retiring early, you get a lot of questions about how you are going to fund it. If you answer that you are putting money into retirement accounts, the next question is inevitably about paying penalties. The “common wisdom” is that you won’t be able to take your … [Read more...] about Your Roth IRA Contributions Belong To You
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