When determining the right approach to plan for home improvement projects, I like to make sure I’m correctly assessing the cost of money. The two ways to pay for a project is to pay now (cash), or pay later (some variety of financing). Today I’m going to explore how two different perspectives come in to … Read more
First Tab: 401K The assumptions are listed at the top of the sheet — $80,000 salary and starting the year 2021 with $100,000 invested in the 401K. Modify these two numbers to reflect your current situation and the remaining numbers will change as the initial numbers are adjusted. The age column can be modified, as … Read more
Zinger: Debt IS Good Disclaimer: I am not a financial advisor, please consult your financial advisor or do your own researchbefore applying any of my monetary strategies to your own situation. The simple reason is the dollar is losing value and debt is cheaper than it has ever been. What does that even mean?! With … Read more
Disclaimer: I am not a financial advisor, please consult your financial advisor or do your own researchbefore applying any of my monetary strategies to your own situation. 1) Non-Deductible Non-deductible means it is NOT subtracted from taxable income. Why is this a good reason to choose a Roth IRA over a Traditional deductible IRA? If … Read more
Disclaimer: I am not a financial advisor, please consult your financial advisor or do your own researchbefore applying any of my monetary strategies to your own situation. When most people hear about a Roth IRA, they immediately think retirement. You’re not wrong, but a Roth IRA has so much more to offer! A few weeks … Read more