Traditional IRA vs. Roth IRA: The Differences Explained
This account is one of the most powerful wealth-building tools available today. Here is an overview of the traditional IRA and Roth IRA.
Tag: retirement
Car Payments Are a HUGE Wealth-Building Obstacle; Here’s Why
Your car payment is literally costing you millions. Here are the possibilities by doing car ownership in a counter-cultural way.
An Astonishing 51% of Six-Figure Earners Live Paycheck to Paycheck
Many Americans live paycheck to paycheck. But even those earning over $100,000 a year are feeling it. The numbers are simply breathtaking.
IRS Announces 2023 Retirement Contribution Limits; Here Are the Details
In 2023, we will have new retirement contribution limits. Here are the details and how they affect your retirement planning.
Worried About Your 401k Going Down? Here’s What You Should Do
Odds are you are seeing your 401k and retirement accounts lose some value. To protect your savings, follow this course of action.
Ten Components of a Healthy Financial Plan
A holistic financial plan contains these ten critical pieces. Here is a breakdown of how each helps you achieve wealth and financial freedom.
Five Types of Insurance Everyone Needs; Are You Covered?
Insurance protects against life. These five critical types of insurance coverage will protect against financial adversity.
“I’m Paying Off Debt But May Be Laid Off; What Can I Do?”
Being laid off is a huge setback. But it’s important to think carefully when you have that fear. Consider this if you have that concern.
“Should I Be Cashing Out My 401k to Pay Off Debt?”
When I receive a question about cashing out a 401k to pay off debt, my short answer is generally no. It entails […]
What to do When You Blow the Budget
Sometimes, you blow the budget. But what comes next? Do you give up? Here are some things to consider when things don’t go as planned.
Social Security Benefits Are In More Trouble Than We Thought
The trustees’ most recent report highlights the long-term dangers to Social Security benefits. The American people face difficult choices.
“What Causes Poverty” Is the Wrong Question; Ask This Instead
Our contemporary culture likes to ask what causes poverty. But this question is based on a false premise. Ask this question instead.
New College Graduates Often Make Two Costly Financial Mistakes
For new college graduates, it can be an exciting time. But when entering the world of adulthood, making these mistakes can be very costly.
Three Questions to Ask Yourself Before Impulse Buying
Impulse buying is one of the biggest obstacles to achieving our financial dreams. Before making that purchase, ask yourself these questions.
Working with a Financial Coach: What Your Life Can Look Like
I work with people from all walks of life. Some are just starting adult life, while others are nearing retirement. Some have […]