We’ve talked about making the call between a 401k vs a Roth IRA retirement account, but what if we add an extra decision to your plate by telling you that you can also choose between a Roth or traditional IRA? Don’t panic! We’re throwing more information at you, yes, but an informed girl is a … Read more
Did you know that once you’ve retired the government requires you to sell off 4% of your retirement money every year thanks to the “4% rule?” Yay, another arbitrary rule to live by, amirite? The 4% rule has a long and kinda complicated history. It’s supposed to be a way to determine how much retirement … Read more
As I approach retirement, I am becoming more aware of the importance of balancing risk and returns in my portfolio. On one hand, I want to make sure that I have enough money to last me throughout my retirement years. On the other hand, I also want my portfolio to grow so that I can … Read more
Is retirement for single women really different? That’s a question I get asked a lot. And, unfortunately, the answer is yes. Here’s why. Women have to work hard for what they need and even harder to keep what they have. Saving for retirement is no different. You might be thinking, “Well, sure, but everyone works … Read more
So, I was recording my podcast this week and shared an off the cuff example that answers the age old question – pay off debt or invest. This is an important one. And it’s something that comes up a lot in my calls with potential financial coaching clients. I’m sure you’ve heard financial gurus and … Read more
Retirement means different things to different people. It used to mean the end of your working life, but now it can be a new beginning! With longer lifespans and pension plans becoming obsolete, retirement has evolved into something that is unique for each individual. You have more control over what retirement means for you than … Read more
You’ve been working hard all your life and paying diligently into Social Security. But how do you know how much you can count on each month? That, my friend, is the biggest mystery in retirement planning – how is social security calculated? You need to know how Social Security is calculated so you can make … Read more
Feeling stressed? Focus on your financial wellness. Here’s how. Show Notes Financial wellness is taking steps to improve your overall quality of life with regard to the way you handle money. It involves paying attention to the big three – budgeting, saving, and investing. In this episode of the My Money My Freedom podcast, you’ll learn: … Read more
Show Notes In this episode, we’re looking at Suze Orman and what she claims you need to have saved to retire early.She says you need $10 million and that “$2 million is pennies.”I share… Episode Resources SuzeOrman.com@MyMoneyMyFreedomHQWork With Me Transcription This is the My Money My Freedom podcast, where we unpack and simplify all things … Read more
Dave Ramsey’s Baby Steps Can Wreck Your Retirement. Show Notes In this episode, we’re looking at Dave Ramsey and his Baby Steps.He touts them as a way to create wealth but as we see, they can really slow down your wealth-building.I share… Episode Resources Mint.com Dave Ramsey’s Baby Steps @MyMoneyMyFreedomHQ Work With Me Transcription This … Read more