How to Pull Off a Mega Backdoor Roth IRA
For those who earn an income that makes them ineligible to contribute to a Roth IRA, a mega backdoor Roth IRA may be an effective tool to help them save for retirement, and also get […]
What is the average rate of return for a 401(k) in the US?
The average rate of return on 401(k)s is typically between 5% and 8%, depending on specific market conditions in a given year. Keep in mind that returns will vary depending on the individual investor’s portfolio, […]
10 things to do instead of spending money
A 30-day no-spend challenge is a set period of time — 30 days, in this case — during which you can only spend money on absolute necessities. Allowed expenses include utility bills, rent, transportation costs, […]
Is $1M enough to retire at 55?
Who doesn’t want to retire early? If you have $1 million stashed away by age 55, you may feel like you have enough to leave the rat race and ride out your golden years. […]
Crypto mining fees: An overview & fee calculations
There’s always a cost to doing business. And that includes mining cryptocurrencies like Bitcoin — a cost that is often expressed as a trading fee, a transaction fee or a “mining fee.” As […]