Tag: investing
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Penfold Pension is Changing the Game for Self-Employed and Employees Alike
As a quick disclaimer, this post may contain affiliate links, which means I get paid a commission for any purchases made – at no extra cost to you. Are you self-employed or an employee looking to save for retirement? Either way, Penfold has got you covered. You see, Penfold was originally created with the self-employed […]
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How to Live Off Dividend Income.
Are you tired of the 9-to-5 grind and looking for a way to live off of passive income? One way to achieve this financial freedom is by living off of dividends. But what exactly are dividends and how can you use them to support your lifestyle? Dividends are payments that companies make to their shareholders, […]
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Investments for Long-Term Growth
If you’re looking to invest for the long-term, there are several types of investment accounts that can help you grow your wealth. Here are a few of the best options for long-term growth: 401(k) or 403(b) plans: These are retirement savings plans offered by many employers. They allow you to save and invest a portion […]
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These factors determine how much wealth you will accumulate over your lifetime.
There are many factors that can affect how much wealth a person will accumulate over their lifetime. Some of these factors are within a person’s control, while others are not. Here are a few of the key factors that can impact wealth accumulation: Income: One of the most important factors in determining how much wealth […]
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The Guilt-Money Connection
It’s totally normal to feel guilty about money sometimes. A lot of us feel pressure to be financially successful and to have certain material possessions, and if we don’t feel like we’re meeting those expectations it can be really tough. But it’s important to remember that it’s okay to have mixed feelings about money – […]
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How to Profit from Recession
Recessions can be difficult times for businesses and individuals alike. While it may seem counterintuitive, there are ways to profit from a recession if you know how to navigate the market. Here are a few tips on how to do just that. Look for opportunities to buy low and sell high. During a recession, many […]
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Benefits of a 529 (and how we are using ours)
A 529 plan is a type of investment account that is specifically designed to help save for college expenses. These plans offer several key benefits that make them a popular choice for families who are looking to save for higher education. One of the biggest benefits of a 529 plan is the tax advantages they […]
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The Investing Favorite: Roth IRAs
A Roth IRA is a type of individual retirement account (IRA) that offers several key benefits for those looking to save for retirement. Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, which means that the money you contribute has already been taxed. However, the money you earn in a Roth […]
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What does it mean to “max out” your retirement contribution? (Updated for 2022)
You may have heard people over the years say “I’m maxing out my [401(k)/IRA/other retirement account]!” But what does that actually mean? In this post I am going to break it down. “Maxing out” means you’re contributing the maximum amount to your 401(k). In 2022 that amount is $20,500. This max does not include employer […]
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