Tag: Roth IRA
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Saving money isn’t enough, you have to invest it!
Recently, AJ came across a TikTok video where a woman was explaining this in depth. In essence, investing is a 2-step process. Without the second step, you might as well stash the money under the good ole sleep number mattress. Either way, make sure you’re not just saving, but INVESTING! Accounts you can invest inRead…
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Can I Convert My 401k or IRA to be Tax-Free | WI Reaction
If a financial “strategist” is telling you to sell your 401k or IRA to be tax-free and they don’t mention the employer matching or the best financial vehicle available, the Roth IRA, it’s most likely a scam. In this reaction, Doug Andrew tries to convince us that buying his product is the best product for…
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Save more; increased retirement plan contribution limits for 2023
Each year, the IRS sets the contribution limits for 401(k)-style plans, and Individual Retirement Accounts (IRAs). These increases are based on inflation, and this year, we’ve experienced quite a bit of that. HSA plans also received an increase announcement earlier in 2022, for those of you wondering. 401(k), 403(b), and 457(b) The 2023 contribution limitRead…
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What to do if you wrongfully contributed to a Roth IRA
We all make mistakes, we are human after all. There are so many rules and regulations surrounding personal finance that it’s hard to get it right all the time. In this article, we’ll talk about one of the more terrifying mistakes, which is actually quite easy to fix! The contribution & the problem So thereRead…
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Cheer up, retirement is possible and it can be great!
Everyday, AJ Sheff and I read stories on the internet which paint the picture of a 90 year old labor force which can’t afford to retire. This is exactly the kind of thinking that doesn’t help at all, and in fact, conditions people to accept the status quo and make no effort to affect positive…
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Save big money with a Roth IRA
There has been a lot of negative news to write about lately. So now, I’d like to remind everyone about one of the positives: The Roth IRA. Yes, the holy grail of retirement accounts. You don’t want to miss this opportunity.
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The 1 Big Step to Start Your Investing Journey | It’s Easier Than You Think!
AJ’s cousin asked him what he can do next now that he’s ready to start investing. AJ breaks down the Roth IRA, qualifiers, contribution limits and how an investing account (like the Roth IRA) works. This is the best place to start your investing journey!