Changing from a ROTH IRA to Traditional IRA

Your future self is depending on the choices you make right now. I learned more information and I changed from a ROTH to a Traditional IRA.

The simplest math behind financial independence

Financial independence feels impossible for me. You reach financial independence when you have 25 times your expenses. Step 1: Calculate your expenses Me: 20,000 per year Step 2: multiple your annual expenses by 25 Me: 20,000 x 25 = 500,000 In theory, I need $500,000 to “retire” and live off my “investments”. Based on theContinue reading “The simplest math behind financial independence”

The tech piggy bank

This is the best time to be alive. Even in the face of a virus pandemic, all of us have so many things to be thankful for in our lives. I am thankful for technology. My parents always talk about the “good old days”. I never correct them when they talk about it, but IContinue reading “The tech piggy bank”

What savings rate is right for you?

What are your goals? Do you like your job? What is your lifestyle? Do you want to retire early? Begin with the end in mind. If you want to retire early you need a higher savings rate. If you want to go on more vacations you need a lower savings rate. The more money youContinue reading “What savings rate is right for you?”