Life Insurance vs Investing More in Your 401(k)

Life Insurance vs Investing More in Your 401(k)

Are you better off putting extra money into your 401(k) instead of purchasing a life insurance policy? While investing in your 401(k) is a must if you want to retire, leaving your family without life insurance can impact them greatly if you die prematurely. Here’s how it works. The Problem: Life Insurance or 401(k)? Today’s…
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Whole Life Insurance: Or Why You Don’t Need a Car With a Built-In Dishwasher

Whole Life Insurance: Or Why You Don’t Need a Car With a Built-In Dishwasher

Table of Contents Imagine This Scenario…What is Permanent Life Insurance?Case Study: Permanent Life Insurance vs The Term Life Insurance & Invest StrategyRunning The NumbersConclusion In today’s post, we’re doing a case study on whether whole life insurance is a cost-effective way to invest for your retirement. Whole life insurance is a type of permanent life…
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Rainy Day Fund

Rainy Day Fund

Table of Contents What is a Rainy Day Fund?How Large Should My Rainy Day Fund Be?Where Should I Keep My Rainy Day Fund?How Do I Create a Rainy Day Fund?Rainy Day Fund, Rainy Day SchmundHaving Cash Gives You OptionsRainy Day Fund to the Rescue There’s a lot of anxiety and tension that came with the…
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Are ETFs better than Mutual Funds?

Are ETFs better than Mutual Funds?

Some people argue that exchange-traded funds (ETFs) are always better than mutual funds. But is this true? It’s time to set the record straight. Let’s clear the air surrounding this wonderful investment vehicle: the good ol’ mutual fund. If you have always wanted to know the difference between mutual funds and ETFs, you will enjoy…
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No One Knows What’s Going to Happen & That’s OK

No One Knows What’s Going to Happen & That’s OK

Recently, I was excited to attend an investor meetup – remotely, of course. (Aren’t Zoom meetings great?) I was looking forward to socializing and talking nerdy money stuff with friends. Alas, after the excitement wore off, I left the discussion slightly disappointed. Here’s why: To clarify, this was a mostly amateur investor club. But, these…
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5 Things Retirees Need to Know About the CARES Act

5 Things Retirees Need to Know About the CARES Act

Table of Contents 1.) Direct Tax-Free Payments to Individuals and Families2.) Extended Deadline for 2019 Federal Tax Filings and IRA Contributions3.) 2020 Required Minimum Distributions (RMDs) Waived4.) Penalty-Free Withdrawals from IRAs and 401(k)s5.) Homeowners protected from foreclosure for 180 daysCongrats! You Just Read 900 Pages of Legalese in 5 Minutes! Today we are sharing a…
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How Much Can I Withdraw from My Investments?

How Much Can I Withdraw from My Investments?

Table of Contents Sustainable Portfolio Withdrawal Rates: The Percent RuleHow Much Money Can I Withdraw from My Investment Portfolio?Coordinate Social Security with Investment Portfolio WithdrawalsDon’t Ask How Much Money Can I Take from My Investment Portfolio? Throughout your career, you’ve diligently socked away money so you are able to enjoy your dream retirement. Now that…
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3 Reasons Why Buying a Home in San Diego is a Bad Idea

3 Reasons Why Buying a Home in San Diego is a Bad Idea

Today I’m sharing three reasons why buying a home in San Diego is a bad idea.  Let me begin by saying: “I love getting a good deal.” That’s why I shop at Costco, put low-ball offers on used items on eBay, and scrounge Craigslist for free stuff. I do this because I know that I have…
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