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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 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!”
The 50/30/20 Rule Explained: Will it Work for You?
“Trying to establish a budget can be hard. Just like a diet, there’s a bunch of advice out there on how to save more, make more money, and where to cut back. Finding a simple rule to ensure you will be fine in retirement may seem confusing, but the 50/30/20 Rule actually does make it easy.”
ETFs Explained: How to Get Rich Slowly!
“Often touted as the “Smart way to buy into the Stock Market”, ETFs are considered one of the best and easiest ways for beginners to start investing. But why is that? What does ETF even stand for, what are they, and how can they help you get rich? Well, let’s get into it.”
What is a “Recession” and How do we Thrive in It?
“At a recent congressional hearing, Federal Reserve Chair, Jerome Powell, finally acknowledged that the steps being taken to curb inflation may lead us into a recession. The big, scary “R” word… Even Cardi B has been tweeting about it. But what actually is a Recession? How much does it affect the average person? And what steps should we take to get through one?”
3 Millionaire Mindset Changes to Increase your Net Worth!
“If you’ve ever watched the pre-game to any kind of sports event, you’ll probably notice most of these pro players sitting off to themselves, headphones on, looking like they're just trying to tune out the world. That’s what they are doing from the outside because what they’re doing on the inside is so incredibly important. They’re getting their mindset right for the game so they can be successful. They’re trying to visualize and remember the most important aspects of their game so they can succeed on the court or the field. But when it comes to personal finance, what’s the right mindset for becoming a Millionaire?”
Should you Pay off your Mortgage Early?
“Congrats! You bought a house! That’s amazing! Of course, now you have this large debt burden hanging over your head for the next 15 to 30 years and you’re a little worried. You’ve considered trying to pay it off early but not sure that’s the best idea. Well, if you’re wondering if you should pay off your mortgage early, the answer is; it depends.”
The Crypto Winter: What is it and what can you do about it?
“Unlike the stock market where we consider a Bear Market to occur only after there has been a 20% decline from the most recent high, the Crypto Winter is generally much more severe.”
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