The 50/30/20 budget is a widely used budgeting method that divvies up one’s post-tax income into three categories: This method is a great starting point… Read More »3 Reasons Why High Income Earners Shouldn’t Follow the 50/30/20 Budget
CoastFI simply means that the money you have invested for retirement now are expected to grow enough to cover the expenses you expect to have in retirement. In order to calculate your CoastFI number, you need a few things
Today I’m giving you a peek 👀 at my investing breakdown! A lot of you ask me where to invest and I get it, all… Read More »23 Year Old Investment Account Breakdown
The last step to opening a Roth IRA is picking and funding your investments. Today, I will walk you through the steps I took to pick my investments and choose how much money to put into each one.
The first step in my process to opening my Roth IRA was to pick a method of investing. There were three types of methods I was interested in because they are all commonly recommended by other personal finance creators and the finance world in general. They are investing with a robo-advisor, investing in a target-date fund, and DIY investing.
About a week ago, I decided it was time to open a Roth IRA. For context, I am a 22-year-old who graduated college in May 2020. My full-time employment has been delayed until January 2021. I have been filling my time with various side hustles and have actually started to make some money. I’ve decided that the postponement of my employment should not preclude me from starting to invest for retirement.
Hi everyone, Julia here. I am super excited about the topic we’ll be covering today. I’m about to blow your mind (I hope). If I… Read More »Free Money? Using Retirement Tax Benefits to Maximize Your Income