Blog Posts
This article is a second article in a series discussing the different types of investments that we can use for saving money. The first article discussed the IRA and Roth IRA. This article will focus on the 401k and 403b investment opportunities that are available to employees working at large companies or large non-profits.
Becoming a millionaire has always seemed like an impossible feat for someone growing up in middle america striving to become a teacher. I had never thought about even reaching one million dollars. I didn't even know it was possible. Most people in this boat, (maybe you are one of them) don't believe that becoming a millionaire is possible. If this is you, then let me be the first (or the tenth or the thirtieth person whichever it is) to tell you:
The other day, I was messing around on the internet reading financial articles and I stumbled across a thing called The Texas Tuition Promise Fund. I was intrigued to see what was being offered and decided to do some more research. Texas and other states have college pre-payment programs that can be used by your kids in college.
From the 401k to the 403b to the IRA to Annuities, there are lots of ways to invest your money. This article starts a series on explaining the different types of retirement accounts and how they can be beneficial to you. This article will dive the IRA and the Roth IRA.
Over a year ago, I wrote the fourth article in this series. I have been avoiding the fifth step, because there have been lots of other articles to write and I wanted to experience what it felt like to pay off the house early. I haven't reached this point yet, but we have done a lot in over a year. We have paid down over $25,000 in principal on our house and we are working towards paying off our house early.
