Most people will tell you to choose a Traditional vs. Roth IRA based on what your expected tax rate will be now vs. when you retire, but there are other reasons to go with a Roth IRA: 1) There are no required minimum distributions from a Roth IRA. You must withdraw funds from a 401(k)…
Personal Finance
Baby Step 4: Invest 15% of Gross or Net Income for Retirement?
After you pay off your debt and fill up an emergency fund of cash, Dave Ramsey and many other suggest that you invest 15% of your income into retirement accounts (401k, IRA, etc.). I always forget, however, what counts as the 15%. Do you invest 15% of your salary (gross income) or 15% of your…
Happy Money Book Summary
Happy Money by Laura Buenostar is a book I’ve had on my Amazon wishlist for a number of years. It is a very short, $0.99 eBook with a compelling take-away: a 2-step formula for money. The Happy Money Method is: Step 1: Give Give money anonymously to others. Specifically, write a blessing on five one-dollar bills…
