Take Control of Your Own Destiny with This 401K Employer Match Calculator!
Every now and then I will have someone tell me that they’re choosing to forego their 401K employer match because of something else like paying off debt, a vacation, or some other inadequate reason. I wrote a post recently on the biggest 401K mistakes you can make, and I included not maxing out your match, […]
Mortgage Refinancing Analysis – Easy Template Included!
With interest rates at historically low levels across the U.S. and much of the globe, now might be a great time for homeowners to refinance their mortgage and benefit from lower rates! While the penalty fees to break your mortgage early can seem astronomical at first, the interest savings over the remaining term of the […]
Which is Better – Active vs. Passive Income
If you could only choose one, would you choose active or passive income? I mean, they’re both good because you’re making money, but I’m here to preview this incredible battle of Active vs. Passive Income! The last time that I did a heavyweight matchup like this I was comparing short vs. long-term investing and boy, […]
This 401k Match Calculator Shows How Powerful Compound Interest Can Be
There’s various compound interest calculators out there, but not many specific 401k match calculators that are easily manipulable to show how different contributions and employers matches can compound. We present an Excel version, or you can simply place your own inputs on the page (scroll to the bottom)! Earlier this week, I made a Compound […]
Hey Andy – Does HSA Roll Over My Savings from Year to Year?
Recently I was having a conversation with a friend and they told me that they didn’t use an HSA because they didn’t want to lose their money at the end of the year. It then immediately became clear that many people need to learn more about the HSA because honestly, I think it’s the best […]
Maximize Your Tax Savings with This Amazing Traditional IRA Calculator
401k’s are OLD NEWS! Kidding…kinda…not really. Personally, I am a huge fan of the IRA and think that everyone should be utilizing them whenever they can. But even if you are, are you on track for your retirement? Only one way to tell – a Traditional IRA Calculator! First, let’s talk about what an IRA […]
Regular Savings Accounts are Trash! Say Hello to a High-Yield Account!
Have you ever heard some of the horror stories of regular savings accounts? Maybe that was a bit harsh, but there is really nothing in the personal finance world, in my eyes, that is more deceitful! “Wow Andy – you followed it up with something that was even more harsh!” Dang right I did. But […]
What Should I Do With My Employee Stock Options?
On a recent episode of the Investing for Beginners Podcast, Andrew and Dave answered some pressing listener questions in what ALWAYS is my favorite episode type that they put out. In this particular podcast episode, they talked about employee stock options, so why not drive in a bit deeper on the topic? If you’re unfamiliar, […]
5 Insane Compound Interest Examples to Keep You Motivated
Compound Interest is one of the most amazing things in this world and is the reason that I got behind investing in the first place. While you might understand compound interest, it’s hard to really get the full impact until you see the math – so let’s check out these 5 insane compound interest examples! […]
403b Calculator: Making Sure You Have Enough Money to Retire!!
Do you have a 403b? Isn’t it frustrating how in the personal finance world always talks about a 401k but not your 403b? Don’t worry – I’m here to help make sure you’re on track with a 403b calculator! First off, what even is a 403b? A 403b is very, very similar to the 401k […]
