For those looking to grow their retirement savings tax-free, the Roth IRA is often a go-to option. However, if your income exceeds certain limits, you may not be eligible to contribute directly to a Roth IRA. Fortunately, there’s a legal workaround known as the Backdoor Roth IRA that allows high earners to take advantage of … Read more
How do you invest your money? Some people have been asking me how I invest and how they should invest their money. I’ll admit that I haven’t been totally transparent about my investments. I just put a number that represents the total of our investments in my monthly updates. Related: April 2017 Goal Progress: Update … Read more
The Rule of 72 is an easy way to determine how long it takes for an investment to double given a fixed annual rate of interest. It works like this: The number of years it takes to double your investment = 72 divided by the annual rate of return For example, if you wanted to figure out … Read more