An early retirement sounds amazing where you can put your feet up way before reaching the official retirement age. However, the key question, besides how to achieve that, is how do you finance your life without incurring penalties for early withdrawal. For most of the retirement accounts there is a ...
How to fund your retirements accounts to maximize wealth: Three bucket strategy?
I love when financial concepts are related to everyday things. This is why the concept of “Three Bucket Strategy” caught my attention. It was a common term used with respect to retirement planning and it piqued my interest to understand what the three buckets stand for. I was aware about the ...
Common 401(k) mistakes that you should avoid
We do not really think about our life after retirement on a day to day basis because it seems far away and usually there are short term issues that occupy our mind. However, it is important to at least plan for your retirement early because procrastinating here will cost you dearly. 401k retirement ...
Lump Sum or DCA: What’s the Smarter Way to Invest?
I recently had a pleasant surprise when I saw that my checking account had an extra $1,000 after paying all my bills. This never happens and I did not know what the best strategy was to invest this money. There were two main options in front of me - Invest all the money at once in a S&P 500 ...
How should you prepare for a recession?
It is inevitable to experience a recession during one’s lifetime. We cannot avoid a lot of unpleasant experiences in our lives like falling off the first tooth, standing in the DMV line and going through a recession is also one of them. Usually for these situations, it is not if they will happen but ...