Tag Archives: roth ira

Retirement Moves to Make in Your 20s

Retirement Moves to Make in Your 20s

A recent trend from my informal surveys is that many young adults are not preparing for retirement, despite the huge advantage that young adults have. There are a number of different reasons for this inaction, including: not earning enough income, too much debt, not understanding the benefits, AND…not knowing HOW to prepare for retirement. Continue Reading

Comprehensive Roth IRA Guide

Comprehensive Roth IRA Guide

Are you looking for a place or vehicle where you can invest your money and take advantage of tax benefits. The Roth IRA is the one of the best, especially for young adults. I’ve written before of the reasons why Roth IRAs are perfect for people in their 20s, but here’s a comprehensive guide to Roth IRAs. That’s right – everything you need to know. I’ll start with the basics, and move on to some of the more advanced questions. Even if you thought you knew everything about Roth IRAs, I bet you will learn something if you read through the entire post. Continue Reading

A Simple Retirement Plan That Any 20-Something Can Follow

A Simple Retirement Plan That Any 20-Something Can Follow

Unfortunately, very few friends of mine who are in their 20’s are saving for retirement. It’s sad, but a harsh reality. It’s not all because of uncertainty, but if you were to ask me, it plays a huge part. Well, I’m hear to help you. I’ve come up with a simple, yet effective way to save for retirement that almost any 20-something can follow. It takes a little bit of discipline, but it’s not out of most people’s reach. Continue Reading

Recent Graduates Guide to Becoming a Millionaire

Recent Graduates Guide to Becoming a Millionaire

Even if being a millionaire isn’t a dream, I bet being financially secure is. For the purposes of this post, we will having being a millionaire and being financially secure mean the same thing. After all, to be financially secure requires having a large sum of money for the most part. So how do you go about achieving this goal? It’s actually rather easy. I’ve broken it down into two basic steps below. Let’s get started. Continue Reading

Updating My Financial Goals

Updating My Financial Goals

It was just about 11 months ago that I wrote down my first financial goals for the first time. Before that point, my goals and ambition had been recorded in my head. I was successful with this, but it didn’t motivate me the same way that it did when I actually wrote them down. For those who have been following my progress, you can see that I have been pretty diligent in achieving my financial goals. It has been nearly a year now and I am happy to say that I have completed almost all of the goals that I set out to achieve (and am still working on the ones that are impossible for me to have finished by this point). Continue Reading

Financial Goals – Update 2

It was in the fall that my wife and I set financial goals for ourselves for the next few years. Every couple of months, I like to write an update on our progress. I wrote my recent progress on our financial goals a couple months ago. For those who weren’t reading my blog when I set my goals, here are the goals that I set out to accomplish in the next 2-3 years. Continue Reading

Financial Goals – Update 1

Financial Goals – Update 1

It was a few months ago that I established short term financial goals. I created these goals in order to be intentional with my finances. Too often it seems that we float by in life in general, but especially with our finances. We become comfortable with our financial progress that we are making and forget to push ourselves. Continue Reading