Category: Traditional IRA

How Do I Plan To Reach My Investing Goals For Retirement?

Photo by: emdot
Only 0 days 5 hours 2 minutes left until Hanks Holiday Handout drawing!
To make my goal of having my net worth be $1,000,000USD by 2020 I need to have a plan laid out. Yes it will change through the years, My wife and I will get raises; we won’t get the [...]

I’m Ditching My Edward Jones Deferred-Loaded, “B” Shares ROTH IRA

So after writing about how my Edward Jones ROTH IRA was invested in “B shares” of NFPBX and no response back from my Edward Jones rep questioning him if I could get out without paying the 5% deferred load or reallocate the funds elsewhere, I figured it was time to do something about it, and [...]

What Is A Self-Directed IRA And How Can I Use It?

I recently had the pleasure to interview Will Sugg, a fellow personal finance blogger that works towards his fortune with Self Directed IRAs. I am no professional in the arena, so he was very willing to answer the few questions I had about them – I hope they can demystify the Self Directed IRA [...]

The Difference Between ROTH And Traditional IRA

Why should I choose a ROTH IRA? Why should I choose a Traditional IRA? What’s the difference? I’ve been hit with both questions – The main advantage of a traditional IRA versus a Roth IRA is the tax benefits immediately realized. To receive the maximum tax benefits of a traditional IRA the [...]

My Monthly Expenses Are High; How Can I Cut Down My Monthly Expenses?

My Monthly Expenses Are High; How Can I Cut Down My Monthly Expenses?

So I decided to try out Flexo’s monthly expense template, and it isn’t looking too promising for me this month.  I’m doling out more than I am taking in this month.  Off the top, that sounds like it is bad, but really it isn’t TOO bad.  I figured my cash allowance was high this past [...]

How Much Should I Save Per Paycheck To Reach My Retirement Goals?

How Much Should I Save Per Paycheck To Reach My Retirement Goals?

This question is another tricky one because it depends on who is asking it. If you’re 18 and asking this question, well, I’d say you’re starting off right by asking, and if you are putting away 10% – even if you’re only making $20,000 per year, you’re saving $2,000/year and in 50 years you’d [...]

Ode To The 4 Hour Work Week – A Book Review

Ode To The 4 Hour Work Week – A Book Review

So I just finished up the book 4-Hour Workweek by Tim Ferriss.  It has the standard self-promoting fluff that you have to dig through and weed out, but once you get through that, he’s actually got some pretty ingenious ideas that I think I may find myself implementing in the very near future…

365 Days of Statistics On My Finances, My Blog Stats, And My Revenue Here @ The MiB

365 Days of Statistics On My Finances, My Blog Stats, And My Revenue Here @ The MiB

I’m a fan of numbers, but I try not to get too wrapped up in them.  They’re good markers, but the main point is to drive through with them and continue improving them.  They can go up and down and really frustrate you if you let them.
I’ve more than paid for my site but people [...]

Debunking The 25 Most Outrageous Money Myths (part 4 of 4)

In continuing the series on debunking these most popular and 12+ pages being too much for one post – here is part 4 of 4 on the series Debunking The 25 Most Outrageous Money Myths.  Part 1 can be found HERE.  Part 2 can be found HERE.  Part 3 can be found HERE.

How Do You Save Your Money? (revised repost)

I’ve been posed this question off and on over the past few years, so I figured it best to say the order I put my cash away. If you’ve realized that you DO need to save it, you’ve already jumped the first snag; now the question is WHERE to put the money? There are [...]