Have you heard about the magic of compound interest? Let’s say you read my guide to the Financial Independence Retire Early movement, and your Financial Independence Number is $1,000,000. If you’re putting all of your money straight into a checking account, you would have to save $33,333 every year until you retire. Do you happen …
Your 401K Expense Ratio: The Invisible Fee That Is Costing You Thousands
According to a survey from TD Ameritrade: 37% of people don’t believe they pay any 401(k) fees, 22% didn’t know about fees, 14% don’t understand how to determine what fees they pay. Yet 95% of participants in 401(k) plans incur fees.
In this post, we’ll cover: What are expense ratios? How much are your expense ratios costing you? And how can you avoid paying high expense ratios while investing in your 401K?
Should I Invest While Paying Off Debt?
Should I invest while paying off debt? Can I invest if I have debt? Is it better to pay off debt or invest? Click here to learn how to decide.
How to Use Your 401K Contributions to Save on Your Taxes
Are you concerned about next year’s tax bill being too high? Did you know there was an easy way to lower your tax bill AND invest your money in your 401K for retirement Keep reading to learn more about how investing in your 401K today can help lower your tax bill for next year!