Shopping gets a bad rap. And rightly so. When most people go shopping, they buy things that go down in value over time. This includes cars, clothes, big screen TVs, couches, and (sigh) bikes. If you want to be poor the rest of your life, then keep buying this stuff. On the other hand, if […]
Archives for March 2017
Don’t Let Fees Steal Your Freedom
This post is as much directed to the blogging community as it is to my wife’s employer. You see, her employer offers a 401k plan (a good start) and a 4% dollar-for-dollar match (great!). However, her 401k plan is run through American Funds (bad). If you are not familiar with American Funds, they are known for […]
Lack of Knowledge is Not an Excuse!
These days, given my newfound passion for financial freedom, I often start up conversations about investing. Talking about financial matters is somewhat taboo, but I find it more interesting than talking about the weather. What I’ve learned through these conversations is that many people have no investment savings whatsoever, and their most common excuse is “I have […]
A Taxable Account Isn’t Actually That Bad
If you’re winning the game, then at some point you will start to max out your tax-protected retirement space. For a typical married filing jointly couple, each with a W-2 job, this would be $36,000 (401k x 2) + $11,000 (Roth IRA x 2) = $47,000 per year in tax-protected space. If you are able […]
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