Last year I wrote about helping teenage children fund their IRAs in order to boost their long term retirement savings. The more years for compounding the better we are when it comes to retirement savings. There are of course different goals that young adults have when they enter the real …
Throughout the month of November I read several articles and these are the best I came across. Each one of these gave me some thought and discussed ideas that I find interesting. Joe at Retire by 40 wrote “Can You Live on $1,250/mo in Silicon Valley?” discussing a conversation …
I drank the Dave Ramsey Kool-Aid years ago, so I actually cringed when I thought about this topic. Overall I am a big fan of paying off the house early, SUPER EARLY to know that the roof over your head is paid for and to end the constant monthly payments. …
The number one rule of economics is that people respond to incentives. Incentives are set up by individuals, businesses, and governments to get people to do something. When it comes to saving for retirement, our government provides some strong incentives to get people to save more. One of the chief …