My Experience with Whole Life Insurance

Everyone has their own strategy for how they invest their income to maximize long-term earnings potential. In this post, I want to talk about my experience with a whole life insurance policy. What is whole life insurance, how do the earnings compare, what was my experience, and what did I learn? If you read myContinue reading “My Experience with Whole Life Insurance”

Is It Possible to Save too Much for Retirement?

You want to take full advantage of your tax-advantaged accounts like a 401k or Traditional IRA to minimize how much hard-earned money you must give up. However, some people may be hesitant to contribute more to their retirement accounts because they expect high fees to access their money before 59.5 years old. You may be leaving significant earnings potential on the table by doing so, but some would rather the freedom to access their money without worrying about fees.

This brings me to the question, would we ever regret contributing too much to our tax-advantaged retirement accounts, and what strategies exist to access the money earlier?

Investing in Real Estate

While I have some years of experience investing, primarily in index funds and mutual funds, I can’t help but watch the financial community on Twitter blow up about REITs and how real estate should be a key piece of my investing strategy. While many people rave about real estate, I’ve always been a fan of keeping my investments diversified and wanted to learn more before considering investing.

In this post, I will cover (1) what options we have to invest in real estate, (2) the pros and cons to investing in real estate, and (3) our plans in the future.

Your Savings Rate Determines How Many Years You Will Work

Would you believe that a higher earner may take longer to retire if they are not prioritizing saving? A lower income means a lower savings goal in order to support that lifestyle and retire comfortably, which is why savings rate is so important. Regardless of your income level, it’s your savings rate that will ultimatelyContinue reading “Your Savings Rate Determines How Many Years You Will Work”

Debt, House Down Payment, or 401k – How Should I Prioritize for Long Term Growth?

When I first graduated from college, I landed a good job that gave me the ability to afford costly student loan payments that, at the time, felt like a mortgage on it’s own. Like many other college grads, I found myself owing close to 6 figures after graduation, and was determined to rid myself ofContinue reading “Debt, House Down Payment, or 401k – How Should I Prioritize for Long Term Growth?”

Enjoying the Journey by Having a Plan

My husband will be the first to tell you it’s not uncommon for me to spend an evening obsessing over excel files with my multiple levels of backup plans, specifically different levels of budget spending. In 2009 I was laid off for the first time, and while I was able to bounce back in 2011Continue reading “Enjoying the Journey by Having a Plan”

Increase Your Future Income by Understanding Dividends & Capital Gains

A few years ago, I started investing small amounts without a full understanding of the different performance metrics. My knowledge was limited and I couldn’t project how or when I’d be taxed on my returns. I also didn’t understand how the decisions I made played a role on how much I would pay. Depending onContinue reading “Increase Your Future Income by Understanding Dividends & Capital Gains”

Bachelor’s Degree or Trade School – Which Will Help You Achieve Financial Independence First?

Let’s say that you want to know how to invest your time and your money to increase your salary, allowing you to achieve financial independence faster. As we know, we can either reduce our expenses, increase our wages, or improve our investment returns to achieve financial independence sooner. In this article, I want to reviewContinue reading “Bachelor’s Degree or Trade School – Which Will Help You Achieve Financial Independence First?”

How HSAs Support Retirement Savings and How I Selected Our Health Insurance Plan

First, I want to touch on the benefits of HSAs (Health Savings Accounts) and how much you can save in taxes and earn in interest as you plan for retirement. Then I’ll review how I selected the best health insurance plan for our family for 2021. I’ll also share a spreadsheet that I used toContinue reading “How HSAs Support Retirement Savings and How I Selected Our Health Insurance Plan”

Three Ways to Gift Intentionally in the 2020 Holiday Season

It’s November 1st and the pumpkins are quickly packed away and the holiday advertisements are already in full effect. This year it seemed like the holiday spending started even earlier with Prime Day. While Amazon Prime Day typically happens in June/July, this year it was scheduled in October due to the pandemic, and was advertisedContinue reading “Three Ways to Gift Intentionally in the 2020 Holiday Season”