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June 24 · Issue #37 · View online
Personal Finance & Financial Independence
3(ish) Articles, Curated Daily
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How I Got Over $181,000 of Free Money for Retirement - Route to Retire
If you haven’t guessed, the free money for retirement I’m referring to was an employer match on 401(k) contributions. In this case, part of the money I received also included a type of profit-sharing into our 401(k) which I’ll talk about momentarily. Here was the breakdown on my statement ending on March 31, 2019:
- Employer Match: $149,989.13
- Profit-Sharing: $31,444.36
- Total: $181,433.49
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Roth 401(k) vs. 401(k): Which is the Better Option? – Of Dollars And Data
Given that the timing of taxes is the most important thing when deciding between a traditional 401(k) and a Roth 401(k), we can reduce this problem down to answering a single question: Will your income tax rate be higher now (while working) or later (in retirement)? All else equal, if you think your income taxes will be higher now, then contribute to a traditional 401(k), otherwise contribute to a Roth 401(k).
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The Secret to Health, Wealth, and Happiness - A Lawyer and Her Money
What you do everyday is more important than what you do intermittently. Working out once or twice isn’t going to give you a rocking bod, not matter how hard you try. Eating one healthy meal doesn’t negate all the junk food you consume regularly.
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