One of the major benefits of a 401k is it allows you to divert taxes on today’s income to your retirement years, when ideally you will find yourself in a lower tax bracket. Of course, that benefit is not always … Continue reading →

Amber writes in with the following question regarding Roth IRA withdrawals: “I currently owe about $10,000 in credit card debt and have nearly that amount in a Roth IRA I started a few years ago. I share your passion for … Continue reading →

Earlier this week, I read the thought-provoking post at Get Rich Slowly, What Is Retirement? J.D. wrote about a recent camping experience with a few buddies and shared some of their conversation on the subject of retirement. One of the friends pointed out that he already thought of J.D. as ...

This is the fourth post in a series called Saving With Purpose: Living a More Intentional Financial Life. In this series, I plan to highlight a number of specific savings goals my family has identified we would like to achieve over the next few decades. In the last series post we ...

This is the third post in a series called Saving With Purpose: Living a More Intentional Financial Life. In this series, I plan to highlight a number of specific savings goals my family has identified we would like to achieve over the next few decades. Any post about saving for early ...

Last year was the first year I have been able to make the maximum contribution to my Roth IRA, thanks in large part to becoming debt free. I was also able to fund a spousal IRA for my wife, who stays home with our kids. Now that it is 2010 I ...

Did you know contributions to a Roth IRA may be withdrawn at any time, without penalty? It’s a little-known fact about the popular retirement savings vehicle. It is also one that I do not plan to take advantage of, but knowing it is there makes maxing out Roth IRA contributions ...

This is a post from Jason over at Redeeming Riches. Jason is a financial planner by day and a personal finance blogger by night. Be sure to subscribe to his posts in a reader or by email. No, I’m not going to list some new vocabulary words for you ...