The Max 401k and IRA Contribution Limits for 2021

If you have questions about the 2021 IRS Retirement Plan Limits, I’m going to do my best today to answer them. According to multiple sources you can cross reference below, the Employee 401(k) contribution will cap at $19,500 for 2021 and it will also have offer the ability to make a $6,500 catch-up contribution investment … Read more

How to Set Financial Goals

I have a hard time looking at my finances and being happy unless I have an end use case for the funds.  Many years ago I started setting financial goals that focused on the short term, midterm, and long term.  Without an identified end goal, I found I was just saving money without a purpose, … Read more

Which States are the Best For Retirement?

Planning your retirement starts with knowing how different states meet your financial capabilities and needs. Safety, taxes, healthcare capacity, quality of life, and affordability are the main things to look for before relocating. If you have the means to move from your current home, it makes sense to relocate to a state that is better … Read more

What is a Golden Parachute?

When companies go through an acquisition or a merger, often referred to as M&A, some company executives are not retained.  In this event, they can earn a windfall of income in addition to benefits that are contractually guaranteed.  The various benefits can be earned in the form of stock options, severance pay, and even cash … Read more

Is the Motley Fool Legit?

Investing in stocks isn’t easy.  I can point to many investments I’ve made that seemed to check out for me in terms of analysis, secular trends, management team, charts, and much more that simply didn’t go my way.  Around the year 2015, I started looking for investment newsletters and hoped they would help me gain … Read more

Investing in Gold and Silver

Diversification is a road to success. So even if you have already mastered investing in bonds and stocks, it would be wise to have an allocation to precious metals like gold & silver as well. Investing in these metals brings about different and unique risks and opportunities. Why have all of your savings invested in … Read more

What is Financial Security?

Being secure financially is the mentality you carry when you don’t have to be concerned about your income being substantial enough to pay for all of your expenses.  Being financially secure also suggests that you have cash at hand should an emergency happen, such as having to invest in new appliances or having extensive medical … Read more