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I’m not sure if there is an actual definition of success tax, however if I were to locate one, it might state that the Required Minimum...

I’m not sure if there is an actual definition of success tax, however if I were to locate one, it might state that the Required Minimum...

The word “sinking” can be a little intimidating when you associate it with your money, but in reality, a sinking fund can be a way to...

Do you ever go through something that you know is not going to be pleasant but ultimately is for your own good? I feel that way every...

Ideas include: You must crawl before you can walk, and then build wealth One step at a time to saving for your future How the 7 baby...

During Dave Ramsey’s Livestream event, on 1/13/2022, he and fellow Ramsey personalities Rachel Cruze and George Kamel briefly discussed...

Proverbs 13:11 (NIV): “Dishonest money dwindles away, buy whoever gathers money little by little makes it grow.” Tonight’s talk started...

The IRS recently announced that next year taxpayers can put an extra $1,000 into their 401(k) plans, an extra $1,000 in SIMPLE IRA Plans...

Welcome to 2022! What a year 2021 was – coming out of 2020 and the COVID lockdowns we anticipated a strong market and that is certainly...

Who remembers their senior year of high school? You’ve completed at least 12 years of school already, perhaps even more with pre-school,...

Building wealth can be an important part of financial planning, since it can help you enjoy life and provide for your family. But as the...

Social Security offers a 5.9% cost-of-living adjustment. What if I am delaying my benefits? The Social Security Administration officially published the 5.9% cost-of-living adjustment (COLA). The 5.9% COLA increase is the largest adjustment to the benefit in 39 years. So how does this affect those delaying their benefit? First, let’s start with how Social Security calculates the COLA, and then, how those both receiving the benefit and delaying the benefit are affected. COLAs have been...

A financial plan is, at its core, a look at your current financial health and a map to help you reach your goals. It usually looks at...

Disclosure: This article will most likely apply to high-income earners or those that are financially healthy and extremely aggressive savers. Let me just start off with mentioning that if you are maxing out your Roth IRA & 401(k) year in and year out, this is a great choice for your future as long as other financial factors allow you to do so. A quick reminder on current (2021) contribution limits for these two accounts are as follows: Roth IRA - $6,000/year (under age 50), $7,000/year (age...

It's back to school time which means stores are filled with parents and their kids, picking out all the items needed to start a new...

We often talk about the reason you should remove debt from your life is because it eats away at the largest wealth building tool that you...

Compounding interest is a concept that many people are familiar with, especially in the investing world, and it can most simply be thought of as “interest that you have already earned that is earning interest on itself.” Not only is this a valuable phenomenon when achieved with long-term investing, but can be extremely detrimental when the lender is earning compounded interest on you. (Yes, to no surprise, we are talking about debt!) Albert Einstein and Dave Ramsey do have this loose...

Many of Americans woke up to a surprise in their bank accounts last Thursday morning. An extra deposit, they may or may not have been...

In 1989, Senator Bob Packwood of Oregon, and Senator William Roth of Delaware, proposed the idea of what they termed at the time, the...

Everyone views retirement a little differently. Some folks love their career and want to continue pursuing their passion for as long as...