Finance Fridays

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Hi guys, it’s Finance Fridays and I’m going to talk about what a Spousal IRA is. For those who were keeping track, this is kind of out of order. I was supposed to talk about Backdoor Roth IRAs today. However, I felt it was more important to talk about Spousal IRAs for those who don’t know about them. Stock Photo from: Pixabay One of the major benefits of having both partners in a marriage work […]

Spousal IRA #illumedati

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Hi guys, It’s Finance Fridays, and this is kind of confusing because I promised I would talk about Backdoor Roth IRAs last week. However, on Monday I promised I would talk about SEP-IRA, SIMPLE IRA and Solo 401k. Then I said I would talk a little about Spousal IRAs in a comment to Fred. Just to keep things in some semblance of order, I’m going to talk about SEP-IRA, SIMPLE IRA- and Solo 410k this […]

SEP-IRA, SIMPLE IRA, and Solo 401k #illumedati

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Hi guys, it’s Finance Fridays again and I’m here to talk about Traditional IRA versus Roth IRA today. I covered this before a little bit in Talking the Talk. I’d recommend you read at least that post first before you read today’s post as a primer. If these topics interest you, then I’d advise you to look at my Finance Fridays Roadmap post next to direct you where to read some more stuff. I should probably […]

Traditional IRA versus Roth IRA #illumedati

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Hi guys… late post I know.. but I’m going to talk about the Rule of 72 for this Finance Fridays. This should be a short post about how to estimate how long it will take for an investment to double. There will also be a short commentary on the “first $1 million is the hardest” and how saving money doesn’t feel rewarding… but it should be. I’m going to write a few more complicated Finance […]

What is the Rule of 72? #illumedati

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It’s Finance Fridays again… and I’m here to talk about making $400k/year and still be “broke”. Stock Photo from: Pexels My last post was about my Financial Living Will. As with most of my posts about finance I’ve talked about my philosophy, index funds, compound interest, etc. But then I remembered that there are those who have been attendings for years. These individuals, even though they are making a lot of money, are still living month-to-month […]

How to Make $400k/year and Be “Broke” #illumedati

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