Tag: ROTH IRA
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Chapter 42: Effortless Savings
The best way to manage your money is to distribute it wisely. Use a checking account for bills, a HYSA for emergency funds, contribute to retirement accounts like 401(k) and Roth IRA, and consider a taxable brokerage account for investing after all other options are exhausted.
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Chapter 18: 401(k), IRA vs ROTH IRA
The difference between an IRA and a ROTH IRA can be confusing for some. In this chapter I will explain the key differences between the two retirement accounts and their key advantages. “Do I need to have both accounts?” I would recommend having both but again this depends on your circumstances. An IRA and a…
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Chapter 14: Retirement?
We’ve all been there, or maybe not. Thinking about retirement seems like a long stretch for some. If you’re young, thinking about the morbid reality of your final 10-20 years is the last thing you want to think of. The most common thought for retirement is the end of a career, at age 59½. Although…
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Chapter 2: Money Efficiency Ladder
So you just got paid (hooray!). What do you do with that money? Obviously, it has to go to rent, car payments, debt, and bills. What about the money you have left over? Is there any leftover? Do you have a set budget? Do you need to start a budget? In the finance world, it…
Money Ain't Sh*t 