Retire - Young Wealth Building

Navigating the Discrepancy Between Your Reality and Financial Goals

By ningmenggege@outlook.com
February 24, 2024
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1 min read

Unfortunately, most of us struggle miserably at personal finance. Savings rates in this country are dismal, net worths are extremely limited and retirement savings almost […]

Personal Finance Planning

The Paradox of Prosperity

By ningmenggege@outlook.com
February 24, 2024
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2 min read

Humans’ greatest survival adaptation may well be our capacity for long-term planning, unlike most forms of life on Earth that live moment-by-moment or in the […]

IRAs

Eligibility Criteria for the Saver’s Tax Credit in 2023 & 2024

By ningmenggege@outlook.com
February 24, 2024
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1 min read

What Is the Saver’s Credit? This Saver’s Tax Credit article has been updated for 2023-2024 tax years. The Saver’s Credit (also referred to as Retirement […]

IRAs

Essentials of SEP IRA for Self-Employed Income (For 2023 & 2024)

By ningmenggege@outlook.com
February 24, 2024
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2 min read

This SEP IRA overview has been revised with information for tax years 2023-2024. As I recently transitioned into full self-employment, it seemed appropriate for me […]

IRAs

Understanding SIMPLE IRA for Self-Employed Income (For 2023 & 2024)

By ningmenggege@outlook.com
February 24, 2024
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1 min read

This SIMPLE IRA overview has been revised for the 2023-2024 tax years. This post marks part of our multi-part series on retirement accounts designed for […]

Early Retirement

Consequences of Inaccurate Retirement Number Predictions

By ningmenggege@outlook.com
February 24, 2024
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1 min read

As I detailed in my post on Safe Withdrawal Rate, answering the “How much money do I need for retirement?” is of critical importance for […]

Early Retirement

The Disparity Between Millennial Retirement Aspirations and Reality

By ningmenggege@outlook.com
February 24, 2024
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1 min read

I’ve been tracking millennial savings and retirement trends closely for many years now, so it was exciting when TD Ameritrade published findings from their survey […]

Early Retirement

Think Twice Before Quitting Your Job Due to Dislike

By ningmenggege@outlook.com
February 24, 2024
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2 min read

Financial Independence is something I write about often on this blog because it represents such an incredible gift of time that enables us to become […]

401K

401K Contribution Limits for 2023 & 2024

By ningmenggege@outlook.com
February 24, 2024
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1 min read

This article on maximum 401K contributions has been updated for 2024 tax (calendar) years, incorporating historical data. The IRS recently announced the 2024 maximum 401K […]

401K