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The “Rule of 72” and How it Works
The “Rule of 72” is actually a formula which can let you know either how long in years an investment will take to double at a specific rate or what rate of return you need for an investment to double over a specific timeframe. Essentially, if you know either an expected rate of return or a timeframe you hope your investment to double in, you can solve for the other value.
Major Changes to 401(k), TSP, and IRA Contributions in 2023
“In 2023, we’re going to see some of the largest changes to Retirement Account Contribution Limits we’ve ever seen. Not only will these contribution limits increase, but eligibility for higher income individuals to make IRA contributions or receive tax deductions on those contributions has also increased!”
The 5 Different Types of Financial FIRE
“In fact, there are many different types of FIRE with different methods and goals for how to get there. We’ll talk about the 5 most common now!”
The 5 Essential Financial Accounts You Need and How Much to Contribute to Each
“5 Types of Financial Accounts which can help you in any financial strategy. Understanding these accounts is essential even if your financial position or goals change in the future. I’ll also explain how you can strategize contributions to these accounts in a medium to low risk way that can help you better reach your different financial goals. So let’s get into it!”
Dividends Explained: Investing for Cash Flow
“In any strategy, one thing to consider for at least supplementing your portfolio is dividend stocks and how they may help your portfolio grow.”
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