Retirement Planning For Beginners in 2023

Most financial experts will suggest sticking 15% of your income into retirement accounts, and we are on point.

Good Debt vs Bad Debt

I wanted to say “on fleek,” but my teen son said that people don’t say that anymore!!  This photo above – yeah…that is where I want to spend my golden years!!!

Good Debt vs Bad Debt

Passive income can be earned automatically with little to no work to continue making money.

Pensions Explained

These are certificates purchased from a bank for a specified amount.  These are normally locked in for a chosen amount of time, usually one, three, or five years.

CDs or Certificate of Deposit

These are similar to CD’s (certificate of deposits), and they have a pretty low-interest rate yet still higher than CDs.  Many experts say that annuities are not the best option unless you have maxed out al other contributions.

Annuities For Retirement

With a traditional IRA, you can get a deduction on your taxes for that year, but taxes are taken out when you withdraw the money at retirement.

Traditional IRA

With a traditional IRA, you are really at the mercy of what the future tax rate might be.  Because Roth IRA’s are contributed after taxes, you are certain of the amount you will have to live on during retirement.

Roth IRA


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