Search Results for: pay yourself last – Page 15

Six Best 401(k) Alternatives: Save For Retirement Without a 401(k)

…consider is utilizing a Roth conversion. With a Roth conversion, an investor pays immediate taxes on all of the assets in a converted account to avoid paying future taxes. …

Roth 401(k) vs Roth IRA

…of their paycheck paid directly into the investment account. The employer may match part or all of that contribution. With a traditional 401(k), employee contributions are pre-tax, reducing your taxable…

What Are the Best Healthcare Reimbursement Methods?

…or health status may not fully cover costs Providers may be hesitant to take on more patients for fear of overextending resources Bundled Payments (Episode-Based Payments) With bundled payments, providers…

My Parents’ Retirement: A Look At Their Financial Journey

…the time, he received extra Social Security payments for me during the months I was enrolled as a full-time student. Those payments, coupled with the freshman engineering merit scholarship that…

What Percentage of Your Current Income Will You Need in Retirement?

…to your spending needs in retirement. That makes sense if you live paycheck to paycheck. Most high-income professionals do not. This post was originally published by The White Coat Investor….

The Joy of Spending My Money Guilt-Free

…I was in a stressful, demanding job) and I could pay my expenses including my mortgage and travel, I was good. Fortunately, my parents drummed into me the importance of…

FIRE Movement Growth in Spite of the Pandemic

… Influencing Earlier Payoff of Debt Having the goal of being debt-free is all but necessary to be financially independent and retire early. For those who could pay…

Why is Whole Life Insurance a Bad Choice?

…Whole Life Insurance? Whole life insurance is a type of permanent insurance that stays in effect for the entirety of the policyholder’s life, provided they pay their monthly premiums. It…

Creating a Dynasty: Building Family Wealth Across Generations

…fantastic way to avoid paying estate taxes. In fact, it seems silly for anybody beyond the ridiculously wealthy to ever pay federal estate taxes when it is so easy to…

Physician on FIRE Guide to Retiring at 45

…your first decent paycheck sometime around age 30. But, with proper planning, it can be done. Depending on where you’re at, it’s probably too late to do all these things…

The Danger of Assuming You Can Out-Earn Your Bad Spending Habits

…Carry Consumer Debt Pay off the balance on your credit cards and only use them up to the amount you can pay off each month. Don’t max them out. Please…

14 Costco Benefits That Make It a Best-In-Class Employer

…Extra Pay on Sundays Working on Sundays means time and a half pay when you work for Costco. That means even staff earning the company’s minimum wage of $17 can…

Who are the Happiest Retirees?

…in both individual stocks and ETFs that invest and concentrate on dividend-paying stocks. We like to invest in companies that have a long history of not only paying out dividends…

A Tale of 4 Single Primary Care Physicians

…annually on a $195,000 salary, he’s living more or less paycheck to paycheck. The Path to Financial Independence for the 4 Single Primary Care Physicians …

Christopher Guest Post: Big Law Investor

…on the topics of investing, debt payoff, taxes, and more despite his busy day job as a lawyer. A what?!? How did a #$(* lawyer sneak in here? Does this…

Looking Back at a 10-Year Life Plan (5 Years Later)

…investments once we’re both working. Here’s what has happened with each of these goals. Paying Off Student Loans ASAP The first goal we had was to pay off my…

Why This Retired Physician Owns No Bonds

…was we could not deduct the contribution, and we felt it would be more beneficial for us to pay down our 8% real estate loans with the money instead. Paying…

What To Consider When Picking A College – Parent Edition

…parents did have to shoulder paying for most/all of our tuition and room and board. I see the merits of paying for your child’s college tuition, making the child take…

WCI’s Fire Your Financial Advisor Course in Action: A Couple Creates Their Financial Plan

…and saved enough for down payment of 20%. We will shift more funds toward paying down our mortgage once our student loans have been paid off. If needed, we will…

10 Reasons to Go For Early Financial Independence

…as possible. # 1 You can retire early It’s called work for a reason- they have to pay someone to do it or nobody would. This is the main…