You know how you sometimes take on a new part time job, take on more freelance writing, and go on vacation, and try to deal with all your old benefits/ rolling over 401k/new insurance all at once? Not recommended. Anyhow, as is the theme of this blog- I wasn't able to plan for everything that came my way last month, but I'm none the poorer for it, so silver lining? As I've thrust myself into the world of trying to insure myself and my family against catastrophe, and save for the future, I've started to realize that an army of freelancers that need a framework for making important financial decisions. The new freelancer throwdown series provides that framework. And hopefully, in short order I can sell my research to someone else who will pay me money for this info. Everybody wins! Today's topic: Retirement Accounts If you're self employed, and you want to invest money in a tax advantaged retirement account, then you need to choose the right tax advantaged vehicle. By right, I mean the account that will allow you to avoid the greatest amount of taxes. Should you choose a Solo 401(k) or a SEP-IRA? Find the right answer, for you.
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Rob and I might never save another dollar for our kid's college fund. Are we crazy? Before you judge, check out our reasons.
What was the most important invention of the twentieth century? I would argue that the single most influential invention was the integrated circuit. Moreso than any other creation, the integrated circuit has changed the way that your life and mine work. Integrated circuits made high powered, low cost computing possible. They are a relatively basic invention that has changed society, and I would argue that you should view your money like an integrated circuit.
A few days ago, a person that I follow on Twitter (@Stevenomics), decided it might be a nice idea to state a controversial opinion in 140 characters or less. Bold.
When I state controversial opinions, I use lots of words. For example: Women Shouldn't Date Underearners Unsolicited Advice to Low Income Earners (Including to focus on earning more) If you don't like your job, Quit. Blame your parents for all your problems I hope my husband outearns me one day. We would be better off if I ran the economy You'll never build generational wealth Compound growth isn't magical Okay, those statements don't have a lot of words, but I've linked each one to a blog post. If you want to get fired up, go ahead and read them. @Stevenomics didn't link to a blog post, but he said something like (I can't tell you exactly what he said because he deleted the tweet), "Call me traditional, but I think a man should earn enough to provide for his family. Wife's income should be bonus." Call me traditional, but if you're going to say something about gender roles on twitter you better be willing to back it up. However, I think @Stevenomics sort of has a point. Let me explain. |
About HannahI'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life. Archives
July 2017
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