Employed Life
The Mega Backdoor Roth 401k Retirement Strategy
I attended a seminar hosted by my employer on the new benefit they are rolling out. They are now allowing Roth 401k contributions as part of our 401k plan. Happy days, right? More options for people who want to have more options. But little did I know that this will open up an entire new retirement strategy for us and will mean more tax-deferred or even tax-free growth on earnings on our money! The Mega Backdoor Roth 401k Retirement Strategy Most people will probably not consider putting more money in an after-tax 401k. There’s so many reasons why: Can’t max out pre-tax, so why even put in after-tax money? Living…
You Are More Than Your Job
Most people in the FI space have at least a current job that they are doing right now. Some people hate it, some people actually like it. For those who actually hate their job or are just going to work to get that paycheck every two weeks, I have a message for you: You Are More Than Your Job
Travel On A Budget: 2017 Edition
Would you look at that, another year has passed. In true form, we are publishing Travel On a Budget: 2017 Edition. Who says you have to leave your hometown just to explore and experience more? We try to break the misconception that you’ll have to travel outside your hometown to experience new things, and we try to prove that yes, there are amazing things right at your own backyard! Through the use of credit card points, miles, and various deals, we show you how to travel luxuriously and have extraordinary experiences without breaking the bank. This also ties to our philosophy that your travel budget can be higher than normal and also show…
2017 Budget Year In Review
It’s that time of year again. No, I don’t mean Christmas. I mean dusting off the transaction history for this past year from Personal Capital (link) and sifting through…(checking total amount of transactions)…2,097 transactions! Boy, what fun it is to calculate net income…yeah. It has certainly been an interesting year. The first half of the year was largely focused on travel, and mid-way through the year, Peter changed jobs and work locations. Let’s take a look at the numbers and then we’ll provide a summary of the good, bad, and ugly. Please note that we will publish only the percentages of our expenses compared to our after-tax income (or disposable…
The Happiness Fund
They say that money does not buy happiness - but what if it does, if only for a little while? What if you're at your wit's end and you just want something to take you out of your small spiral of sadness? A little bit of comfort, a little bit of sanity? Does it justify spending money?
