Tag: financial planning

  • 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…

  • Understand Why Time is More Than Money

    Anyone who works for a wage knows the concept of exchanging hours for dollars, and thus the phrase “time is money.” However, fewer appreciate that time is far more valuable than money. A simple example Here’s a simple example that makes the concept clear. Imagine two people, John and Jane Doe. They both decide to…

  • 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…

  • 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.

  • 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.

  • How to Make a Roth IRA Work for You

    Roth IRAs can be valuable financial tools for the right people, but they may not be right for everyone.