When you reach this step, you’ll have no payments – except the house – and a fully funded emergency fund. Now it’s time to get serious about building wealth. Invest 15% of your household income into Roth IRAs and/or your workplace 401(k), 403(b), 457s if available. We coach 100% Roth accounts for the simple, mathematical […]

Before we get into the social media questions I wanted to talk to our Rock Stars briefly about some big changes coming to your workplace retirement plans if you’re fortunate enough to have a 401K.  Many hard-working American’s are already confused by their 401Ks. They are automatically placed into Target Date Funds when they are […]

What a great podcast this was hitting on many topics on how to save, invest and protect your hard earned monies. On this podcast we have: 7 more ways to be a savvy shopper – Recognizing the sales pitches, all the costs associated with a purchase, asking for a better price and more.  Social media […]

The Tax Cuts and Jobs Act (TCJA) upended tax rules to a significant extent when it went into effect in 2018. The Internal Revenue Code used to provide for personal exemptions that could further decrease your taxable income, but the TCJA eliminated these exemptions from the tax code. The rules for deductions, adjustments to income, […]

Getting to Baby Step 3 is a huge, monumental victory! This means you have paid off all of your consumer debt – everything but your mortgage. Congratulations! It isn’t quite time let off the gas pedal – we now must save up 3-6 months of your income into a fully-funded emergency fund. This fund is […]

What a great show we have for you today. We answer your questions about renting, the student loan fogiveness program, and what to do with your start homes. Because of the rising applications for mortgage forbearance and large number of mortgages with missed payments we though it would be a great idea to revisit our […]

A listener writes to ask, “I just finished watching this Dave Ramsey YouTube video on cars. He says that you should not have a total car value of more than half of your household income. This seems crazy to me. For me, that would be a $75,000 car. Do you guys have a rule of […]

What a great podcast we have for you today! Much of it is based on your questions in our exclusive private Facebook group at https://www.facebook.com/groups/your401k/ Top 10 lessons we learned from investing The best streaming services and what to look for How best to allocate your money in a 401k Is investing in the eSports […]

J.D. Power reports the average monthly bill will set you back $157. After your monthly housing, grocery and utility costs, it might just be the next priciest item in your entire budget. Pay for what you need – do you really need unlimited data?  Use wi-fi.  Check your last 6 months of bills to see […]

Next, it’s time to pay off the cars, the credit cards, and your student loans. Start by listing all of your debts except for your mortgage. Put them in order by balance from smallest to largest. This is called the debt snowball method, and you’ll use it to knock out your debts one by one.  […]