In March of 2020, right as the world started to shut down due to Covid 19, I moved from Falls Church, Virginia to New Wilmington, Pennsylvania. While I didn’t know it at the time, this was an act of geoarbitrage – and one of the best money moves I made during the pandemic.
[Read more…] about Geoarbitrage and how I accidentally did itCompound Interest: Best Friend or Worst Enemy?
Compound interest is the most important money concept on the planet. You may also hear it called compounding interest, which is the same thing.
Compound interest can make you richer than you ever imagined or dig you into a deep hole of financial ruin. In this article I’ll dive into what it is, how it can be your best friend or worst enemy, and what you need to do to reap the rewards.
[Read more…] about Compound Interest: Best Friend or Worst Enemy?Why I rolled over $8,461.02 from my 401k to my Roth IRA
2020 was the year that I really started taking personal finance seriously. I went through a lot of life changes in a short amount of time, and I wanted to make sure that I was making the best decisions possible with my money.
I read Ramit Sethi’s book I Will Teach You To Be Rich and immediately became a personal finance nerd. Once I knew about 401ks and Roth IRAs, I realized that I had $8,461.02 in old employer 401ks that was just sitting there. I researched all of my options thoroughly and decided to roll over the money into my Roth IRA, despite the fact that I would have to pay $1,861.42 in taxes because of it.
[Read more…] about Why I rolled over $8,461.02 from my 401k to my Roth IRA