For most Americans, 401(k) plans are a wonderful HR benefit provided by employers to encourage saving for retirement. During normal economic times, many employers facilitate additional savings by “matching” a certain amount of employee contributions. For every $1 the employee contributes, the employer may contribute a certain amount (generally, $.25 to $1+) up to a …
Should I Contribute to My 401(k) if There’s No Match? Read More »
The purpose of this document is to explain and document my personal investing philosophy for the good times and bad. Further, I want to provide a benchmark and context for measuring my current investment choices and ensure my personal finance behavior is aligned with my stated goals. Investing Goals: Primary Goal – To build wealth …
In my previous article, I outlined 5 Smart Ways to Spend Your $1,200 Coronavirus Stimulus Check. Now, I want to outline exactly what I plan to do with my $1,200 stimulus check from the 2020 CARES Act. However, keep in mind that your situation may be drastically different than mine. For you, there may be …
Because of the global health pandemic, government officials have instituted a global shutdown in virtually all non-essential businesses in an attempt to “flatten the curve.” This “social distancing” may not cure the disease. However, the goal is to instead delay or spread out the number of cases over longer periods of time. By elongating the …
Passive Investing During a Recession or Bear Market in 2020 Read More »
As the legendary investor Warren Buffett has sad, “Only when the tide goes out do you see who’s swimming naked.” February and March 2020 have been a rough few months for investors. The longest bull market in history has come to an end at the hands of a novel coronavirus (COVID-19). On March 16, 2020, …
Learning from the 2020 Coronavirus Bear Market for Stocks Read More »
Global growth worries stemming from the novel coronavirus have shaken global markets. The possibility of a worldwide pandemic has caused uncertainty around supply chain disruption and consumer spending in the wake of the virus’ spread. Stocks have precipitously dropped nearly 15% from the all-time highs of February 19, 2020 to the last trading day of …
4 Investing Strategies as Coronavirus Fears Spike Read More »
If you have a qualified High-Deductible Healthcare Plan (HDHP), Health Savings Accounts (HSAs) are wonderful tools to save for future medical costs. With a HSA, your contributions are pre-tax (or tax deductible). Essentially, you won’t owe federal taxes on the income you contribute to the account. Further, you have the ability to invest your balance …
Should I Invest the Balance in my Health Savings Account (HSA) in 2020? Read More »
With the S&P 500 closing at record highs on January 2, 2020, my investment portfolio finally entered into six-figure territory! Achieving a $100,000 portfolio will by no means support my lifestyle. In fact, I’m still a long ways from achieving my first “mini-goal” of a million dollars and longer-term plans for financial independence. However, accumulating …
Achieving a $100,000 Investment Portfolio in 2020 at Age 27 Read More »
With the new year just around the corner and New Year’s resolutions on the horizon, now is the perfect time to get a jump start on your finances. Even if last year wasn’t your year financially, you can take certain steps this year to set yourself up for financial success down the road. Maybe, you’ve …
3 Vital Areas to Invest $10,000 for Prosperity in 2023 and Beyond Read More »
It’s no secret that sending your child to college is an extremely costly endeavor. With college student loan debt ballooning to over $1.5 TRILLION in 2019, we can evidently see that the average family simply can’t afford to cash flow college costs out of pocket. Maybe, they did not take the necessary steps to save …
