retirement

The 401(k) is one of the largest retirement platforms in America, and for good reason. It allows you to invest your hard-earned salary tax-free upfront. Then, you pay taxes as you take money out in retirement.  These tax benefits cause a compound effect. It allows you to plow more money into your account (because taxes don’t take away a chunk), so it can grow faster in the long run.  It’s […]

The Average 401k Balance by Income Level

 in Blog / Invest  tagged retirement
401K Millionaire
You may be realizing that you need to start saving for retirement. But, there are a ton of options out there.  The 401(k) is a wonderful way to save for retirement. In fact, the number of 401(K) millionaires has reached an all-time high.  Surging markets and a booming economy may have something to do with it. But, the many Americans who have achieved the impressive million-dollar club, also have practiced […]

How to Become a 401(k) Millionaire

 in Blog / Budget / Invest  tagged retirement
One of the best ways to save for retirement is a 401(k). You do not have to pay taxes when you contribute to your account and can defer those taxes until later. Meaning, you can throw more cash into your account to allow compound interest to get to work.  Checking to see the average balance of 401(k) will give you a starting guideline. It is a way to see how […]

What is the Average 401k Balance by Age? (See How You Compare)

 in Blog / Invest  tagged retirement
Health Savings Account
Quick Answer: A Health Savings Account or HSA, is a sponsored health plan that you open up at work. The contributions you make are tax-free, and you can invest those contributions. You can only open an HSA if you have a high deductible health plan. You can use those contributions for medical expenses. We all will need medical attention someday, why not pay for that medical attention without getting hammered […]

What Is a Health Savings Account (HSA)?

 in Blog / Budget / Invest  tagged retirement
  A wise man once said “Safety first, then teamwork”. Well today, we’re going to work on the safe side, which gives you the balance to pursue your passion and take risks that will enable you to achieve higher investing goals. If those goals cause you to stumble, your safety net will catch your fall, so you don’t hit rock bottom.  We do not want to be singing “started from […]

3 Ways to Build a Retirement Safety Net

 in Blog / Invest  tagged dividends / index funds / investing / real estate / retirement