Things I Should Be Doing Instead of Working…

Things I Should Be Doing Instead of Working…

I thought it might be time to take a little break from the serious stuff and discuss something a little more fun.  In all reality, this articles relates to the entire point of this site and what I’m trying to accomplish in life.  Early retirement is extremely important, but if you don’t know why you want it, you might not enjoy the free time when it happens.  So without further ado, here are the… Things I Should Be Doing Instead of Working… Playtime with my Daughter At the time of this article, my daughter is just turning five.  Now don’t get me wrong, I definitely spend a good amount of time hanging around and enjoying playtime with my daughter.  As any parent of an only child can

Do You Have a Financial Mentor?

Do You Have a Mentor?

I’ve learned the importance of having a mentor over the years.  We all make mistakes and hopefully we are able to learn from them.  However, when you have a mentor to help guide you, you can take out some of the mistakes before you make them because you are aware of what the mistakes might be. Many of us have mentors that we don’t get to actually talk to – these are usually famous people who have the same ideals as we do.  For example, Robert Kiyosaki has changed my life completely with some of his books, my favorites being: Rich Dad Poor Dad Rich Dad’s Prophecy Rich Dad’s CASHFLOW Quadrant Why “A” Students Work for “C” Students I actually

401(k)s, Roth IRAs, Roth 401(k)s, Oh My!!! [Part 3]

401(k)s, Roth IRAs, Roth 401(k)s, Oh My!!! [Part 3]

If you’ve read Part 1 and Part 2 of this series, you might already be maxing out your company’s match on your 401(k) plan and putting the rest in a Roth IRA.  Well, now it’s time we look at something even better… the holy grail of retirement plans – the Roth 401(k)!! Ah, the Roth 401(k) – that elusive unicorn… I know you’re out there somewhere! I’m still waiting to see the Roth 401(k) become available at my company, but that doesn’t mean it’s not out there.  These retirement plans are starting to become more prevalent at a lot more companies.  Many companies are also allowing their employees to choose between a traditional 401(k) or a Roth 401(k). So what is

401(k)s, Roth IRAs, Roth 401(k)s, Oh My!!! [Part 2]

What I'm Doing With My Money Right Now - Roth IRA

In Part 1 of this series, we talked about the benefits of 401(k) plans (and some of the cons as well).  These plans are probably the easiest programs to get started with since your employer should be familiar with the process of getting you signed up. If you’re already taking advantage of that plan and any employer matching offered, good for you!  Now it’s time to get familiar with another option you have for your retirement investments… Roth IRA plans A Roth IRA is another retirement vehicle to hold your investments such as stocks and mutual funds.  However, there are some key differences between this type of account and a 401(k) plan. A 401(k) is employer-sponsored and can only be obtained if your employer