Start with a core of Index Funds A previous post described in great detail how to get started investing in Index funds. For most of us, filling up our entire stock allocation with a single S&P500 index fund is just fine. The S&P500 represents 500 of the “top”...
Will moving allow you to stretch your retirement dollar? I live in Southern California, one of the most expensive places to live, and I can’t afford to retire. However, if I lived (more or less) anywhere else, I could possibly retire sooner. Should I move? I live in a...
2023 UPDATE = Contribution Limits for 2023 From IRS.gov IRA contribution of $6,500, with $1,000 catch-up 401K contribution of $22,500 with $7,500 catch-up SIMPLE contribution of $15,500 with $3,500 catch-up TOTAL contribution for a defined contribution plan (like a...
How big is the stash, and how much do you need to save to get there? The beach oasis beckons. . . One day I’d like to go there and not come home. All of us would like to someday call it quits and know that we never have to work again (unless, of course, we want to)....
UPDATE: In December 2019, the SECURE Act became law Retroactive to the start of 2019, 529 plans may be used to pay off qualified student loans, up to $10,000 per person In addition, up to $10,000 per person may be used to pay off student loan debt for any sibling of...
2023 UPDATE = Contribution Limits for 2023 From IRS.gov IRA contribution of $6,500, with $1,000 catch-up 401K contribution of $22,500 with $7,500 catch-up SIMPLE contribution of $15,500 with $3,500 catch-up TOTAL contribution for a defined contribution plan (like a...
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