There has been an incredible rise in 401(k) balances. Yes, you heard that right – despite what some naysayers might claim, 401(k) accounts continue to prove to be a powerful tool for building wealth and securing a comfortable retirement. Buckle up, because we’re diving into why this investment vehicle is worth your attention. The Numbers … Read more
The debate about whether or not to pay off your mortgage early is a topic that has garnered much attention. It can be significant financial decision that can have profound implications on your mental well-being and financial health. As someone passionate about personal finance, I’ve explored various perspectives and gathered insights from multiple sources. My … Read more
I had been listening to the Talking Real Money Podcast. The recent Episode titled Stocks Start Strong, from April 3rd there was a listener that had asked the question about how to convert an old 529 Education Savings Account to Roth IRA. This comes up from time to time on other podcasts, or in conversation. … Read more
As father of two young adult Gen Zers, It’s interesting to see their attitudes, and relationships with money, personal finance and investing. As many parents know your children can be completely different. This can be not only their personalities but also their money beliefs and mentality. In this crazy to think about how this group … Read more
I had often said that while I got started in my personal finance journey by listening to Dave Ramsey, however, have also expressed that I don’t follow any one expert or pundit, influencer, or journalist religiously. By listening to many different people or organizations and form my own methodology about earning, saving, spending and investing money. … Read more
We had a great conversation the other day in the Minnesota on Fire (Financial Independence, Retire Early) Group about renting vs. buying. I’ll be exploring this again in the future. I touched on it a while ago over here on this podcast. Where my friend and I used real numbers to compare renting vs owning … Read more
It’s Never Too Late To Learn Something New I had a buddy reach out to me the other day, and we were talking through his finances, retirement planning and something came up that I wanted to share. I had mentioned the Rule of 72, a little shortcut to calculate how long it takes for your … Read more
Are you dreaming of retiring early? It’s an exciting prospect, right? However, achieving early retirement requires more than wishful thinking. Early retirement demands a lot of hard work, meticulous financial planning and some savvy maneuvering. Don’t worry, anyone can do this! From turbocharging your savings to navigating early withdrawal taxes, there’s a lot to think … Read more
The Right Tool For the Job I was having a discussion with my young adult kids the other day, and it was clear that there is still a mystery of what investment accounts are, or what type of account can be use for what type of investing. So I wanted to drop a list of … Read more
I had recently attended a couple personal finance meetups, and the discussion came up around where to live or if you were to move, where would you go? For me, now that my kids are grown and left the home, I’m single, and I also don’t really like it when it can get -20º in … Read more