This week, I mentioned on a Facebook post that Traditional retirements accounts are often a great choice even though most people recommend Roth. The person I was speaking to asked me to follow up with why Traditional could be better. Today's Social Media Saturday is my answer to … [Read more...] about Traditional vs Roth: Social Media Saturday
Roth
Summary Sunday for April 22nd, 2018
Why You Should Fund Your Roth Even If You Won’t Need It ChooseFI (FI-nancial Planner) – April 19, 2018 First things first – “Roth” is not an account type! It’s a tax treatment! The author means “Roth IRA” which is an IRA account with a Roth tax advantage. Okay, I feel … [Read more...] about Summary Sunday for April 22nd, 2018
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
Considering the Career Intermission Program? Here’s what I’d do, and how I’d fund it
Last week I introduced the topic of the Career Intermission Program. If you haven’t read that yet, you’ll want to check it out. I’ll be discussing some of the elements covered there. When I first mentioned looking into the Career Intermission Program, I very quickly got a … [Read more...] about Considering the Career Intermission Program? Here’s what I’d do, and how I’d fund it
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