Investing

Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Get ready for a long read, because saving for retirement is extremely important. The government wants to make this as complicated as possible so you don’t do it. When it comes to saving for retirement, the two most popular ways are investing in a 401(k) and Individual Retirement Account (IRA). A 401(k) is a retirement offered by your employer, an IRA is an account that you can open at any brokerage firm. You purchase shares of individual stocks, ETFs, mutual funds, and even bonds with the hope that they increase in value over time and pay dividends. These accounts are popular for retirement because they provide you with a tax advantage.

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Posted by David in Investing, Retirement, 7 comments
What I’m Reading #4

What I’m Reading #4

Welcome back to What I’m Reading! It’s been a few weeks since I posted my last one. I would have posted while I was on vacation, but decided that I would much rather enjoy it and not worry about running Zero Day Finance. If you aren’t already yet, you should subscribe to my mailing list. I’ve developed an extremely useful budgeting spreadsheet that will help you track your spending, as well as automatically track Zero Days, show how your expenses affect your bottom line, and whether or not you are achieving your goals. This will be released within the next week. Without further ado, here are this week’s blog posts that I’ve been reading!

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Posted by David in Blogging, Investing, Lifestyle, Saving, 8 comments
Supercharge Your Retirement Savings With EvoShare

Supercharge Your Retirement Savings With EvoShare

When it comes to saving for retirement, most people significantly underestimate how large of a nest egg they need. The popular wisdom is to save 10% of your post-tax salary and by the time you retire, you’ll have enough. Unfortunately, the average American saves significantly less than 10% of their post-tax salary. In addition, only saving 10% really isn’t that much, especially for the average income of $38,000 per year. One thing that Americans love doing is online shopping. What if you could save money for retirement while you do your normal online shopping? EvoShare is a company that empowers you do exactly that.

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Posted by David in Investing, Saving, 8 comments
What I’m Reading #2

What I’m Reading #2

Welcome to the second installment of “What I’m Reading!” If you haven’t seen the first iteration, check it out now. Basically, I found the following posts uniquely interesting, inspirational, and even educational. I collect all of these blog posts together in a weekly digest so my readers can see what influences me. Plus, they are excellent articles that I believe everyone should read. So, without further ado, lets see what I read this week!

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Posted by David in Budgeting, Employment, Investing, Lifestyle, 8 comments
What I’m Reading #1

What I’m Reading #1

In my guest post with Jane from Cash Fasting, I briefly talked about where I get my personal finance advice from. The TLDR version is from all of you! I probably spend at least an hour or two every day reading blog posts that I happen to see on Twitter. I’ve included several of these blog posts below. These posts aren’t in any particular order. They span a variety of topics from interviews to budgeting, investing and even goal setting. Each one has spoken to me in a specific way which I’ll spend a little time discussing. I hope that you will check some of them out as well!

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Posted by David in Budgeting, Employment, Investing, Lifestyle, 10 comments