Categories
Manage Money Retirement Save Money

How To Convert a 401k To a Roth IRA

As the landscape of retirement planning continues to evolve, many individuals are looking at ways to maximize their savings and minimize their tax burden during their golden years.  One strategy that has gained attention is converting a 401(k) to a Roth IRA. This method can provide tax-free income in retirement, but the conversion process is […]

Categories
Retirement Save Money

401a vs 457b: What’s the Difference Between 401(a) and 457(b) Plans?

The road to retirement can seem complicated, especially when navigating the multitude of retirement savings options available. For those working in government sectors and certain non-profit organizations, two popular options are the 401(a) and the 457(b) retirement plans.  While both are designed to offer tax-advantaged retirement savings, they differ in their features, benefits, and regulations. […]

Categories
Retirement Save Money

401a vs 403b: What’s the Difference Between 401(a) and 403(b) Plans?

Retirement planning is an important part of any financial strategy, and understanding the available retirement savings options is a substantial step toward ensuring a financially secure future.  Two common retirement savings plans offered by employers, depending on who you work for, are 401(a) and 403(b) plans.  What’s the difference between 401(a) and 403(b)? A 401(a) […]

Categories
Save Money Taxes

Tax Tips for New Parents: How Your Child can Save You on Taxes

Did you know your child can save you thousands of dollars on taxes? Find out how by reading these tax tips for new parents.

Categories
Life & Money Save Money

Car Depreciation: One Reason you Should Buy a Used Car

Are you a car owner? Like it or not, your car is losing value. Car depreciation affects every car owner. Keep reading to learn how to best mitigate it.

Categories
Save Money

Vanguard 529 College Savings Plan 2020: Step by Step guide for funding the account

Learn how to fund your Vanguard 529 College Savings Plan Step by Step in this How-To guide. Updated to show the steps for the year 2020.

Categories
Save Money Taxes

$500,000 + 6 Reasons you need a Tax-Free HSA Today

The Tax-Free HSA is one of the most tax-favorable places you can put your money. Find out all the tax benefits and see how the money could grow over time.

Categories
Save Money

The Top 6 Mistakes where Americans are Wasting Money

Americans waste a lot of money. Do you overspend in these categories? Learn how you can start to fix your money mistakes.

Categories
Financial Independence Manage Money Retire Early Save Money

4 Steps to Determine Your FI Number

Follow these 4 steps to determine your FI number. And it is perhaps the single most important goal to reach my target of retiring by 45.