Category: Glossary
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The Arbitrarily Invented Retirement Number
“I would retire if I had $5 million.” The number sounds precise, but it represents a feeling, not a calculation. No expected spending, taxes, housing costs, or withdrawal rate have been established. Core question: What monthly lifestyle are you trying to finance, where do you plan to live, what asset allocation do you expect to…
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Roth IRA and Roth 401K – start now
The thing is big. Especially if you are young and poor. You only allowed to put 7K/year per person to Roth IRA and only if you earn not a lot. And this is for a reason. It is so great that rich people would flood this account with money if given a chance. So do…