Mental Models discussed in this podcast: Tax Shelters Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show’s audience. Support the Podcast on Patreon This is a podcast supported by […]
Should you use a Traditional IRA or Roth IRA for retirement savings? (Episode007)
Podcast Episode Overview In this episode, I answer a listener question about how to save for retirement. Specifically, “Should I be using a traditional IRA, Roth IRA, or both for retirement saving?” In order to answer this question, I provide a general overview of the features for both a Traditional and Roth IRA. When you […]
Tax Shelters – Introducing Tax Advantaged Accounts
Taking advantage of tax shelters through strategic planning is a key aspect of any good financial plan. In this article, we define tax shelters as well as discuss their advantages, disadvantages, and provide many examples. Tax Shelters – Definition A tax shelter is any account which provides tax advantages to the owner in the form of […]
Compound Interest
Almost everyone has heard of interest. If you have a bank account, the bank probably pays you interest. (Even if it is a 0.000001% interest rate) If you have any debt, then you are likely paying interest on that debt. However, do you understand the effects of compound interest? Compound interest is the effect of […]
