Category: wealthy

  • How to Make Money in Business

    New small businesses have been forming at a breakneck pace in the U.S. More than 16 million small businesses were formed between 2021 to 2023, an 85% increase versus average formations since the U.S. Census Bureau began tracking the data. Reasons for the surge vary but most certainly include the common perceptions that business owners…

  • How Much Money Do You Really Need to Retire?

    When can I retire? That’s not a trick question, but the answer is tricky because it depends on many things. Even if we simplify things, the answer may still be surprising! A super simple example Jack and Jill want to want to retire in 25 years and live at least 20 years in retirement. They…

  • Is Now A Good Time to Buy an EV?

    So, you’re thinking about jumping into an electric vehicle (EV). So are millions of other people in America, but there are just so many questions, not the least of which is “is now a good time to buy an EV?” The answer is (you guessed it) it depends. While there are many factors to considser, there…

  • Backdoor Roth IRAs Are an Easy Retirement Hack

    Backdoor introduction We’ve written several times about Roth IRAs, including how they compare to Traditional accounts and the popular Roth IRA conversion hack. In this additional installment of our Roth IRA series we’ll look at one more retirement savings hack called a “backdoor Roth IRA” and it’s bigger sibling the “mega backdoor Roth IRA.” Both…

  • Is it Helpful to Make a Roth IRA Conversion?

    Introduction to Roth conversions In previous posts, we looked at Roth retirement accounts and also compared them to their Traditional counterparts. While Roth accounts can provide tax benefits, there are income limits for who can make Roth IRA contributions. For those above the income limits, Roth IRA conversions provide one way to get money into…

  • 5 Easy Ways to Make Money Online

    New age new money We live in a remarkable age where opportunities for making money online have never been more abundant. Whether you’re looking to supplement your income with a side hustle or build a multi-million dollar business, the internet offers countless ways to make it happen. In this post, we’ll look at five easy…

  • What You Should Know About the Lifetime Estate Tax Exemption

    Death and taxes Benjamin Franklin said “nothing is certain except death and taxes…” And of those two boogey men, taxes may be the scarier. As if we don’t pay enough taxes during our lifetimes, we could be subject to more taxes even upon death! Yes, there is such a thing as a death tax, more…

  • How To Know If You Need Life Insurance

    Life insurance is a confusing topic made worse by pushy sales people and costly mistakes. Here are some important points to consider before buying life insurance.

  • Surprising Truth About Risk & Reward

    We all know risk and return are related, but the relationship doesn’t always work the way we expect.

  • Is a Traditional or Roth Retirement Account Better?

    Are Roth retirement accounts better than Traditional? Sometimes, but certainly not always. Read on to learn more.