Five Money Lessons from Joejuan Williams
There are five lessons to be learned from Joejuan Williams’ money mastery. He lives off 10% of his multimillion-dollar income, and I’m not sure I’ve ever been more proud of a stranger.
Learn good habits early
Joejuan Williams credits a finance course he took in high school that helped him form his good practices as a millionaire. He learned about 401(k) plans, certificates of deposits,...
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Is a Roth 401(k) Better than a Traditional 401(k)?
With retirement planning, there are so many options. Now that there’s increased availability of the Roth 401(k), the question is whether its better than the traditional 401(k). It’s challenging to pinpoint which plan is best. Like most things dealing with money, it depends on your situation.
Traditional 401(k)
A 401(k) is a retirement investment account that has funds based on stock market...
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It’s Time to Choose Insurance for 2020
Open Enrollment has begun, so it’s time to choose your insurance policies to make sure you’re getting the best and most affordable coverage in the upcoming year. You have until December 15 to ensure your coverage for January 1.
How to Choose Insurance Coverage
If your job offers health insurance premiums, request the coverage information from human resources, or find them online. You need...
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What’s the Best Option to Stream Live TV?
You now have more inexpensive options than ever to stream live TV, but which gives you the most bang for your buck?
Depending on your location, you can get a basic cable package between $25 and $45 monthly. For an affordability comparison, I will use $35 before taxes per month for the prices of the various streaming services. I will also take into account the number of channels offered.
Hulu + Live...
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Fact Check Finance: Mitt Romney has $102 million in a Roth IRA?
I recently saw a post on Instagram shared by a personal finance coach berating anyone not taking advantage of a Roth 401(k). He used Mitt Romney’s $102 million individual retirement account (IRA) as the basis for the statement. Unfortunately, he was misinformed.
That’s not a Roth 401(k)
First, Mitt Romney has an IRA, not a 401(k), estimated between $20 million and $102 million. Further,...
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