Skip to site content

Category: Ask the Money Guy

541 results found
article

Is Saving for a Second Home in a High-Yield Savings Account a Good Idea?

If you’re saving for a second house with a timeline of seven to ten years, a balanced approach of investing…

View Post

article

How Much Life Insurance Should I Get as a New Dad?

Congratulations on the new baby! When determining life insurance coverage, a common rule of thumb is 10 times your annual…

View Post

article

I Took Out a 401(k) Loan! What Should I Do?

Taking out a 401k loan might be considered low-interest debt, but it comes with significant opportunity costs and risks, making…

View Post

article

The New Standard of Wealth: $1,000,000 Is Not Enough?!

The concept of being “rich” has evolved due to inflation and changes in retirement plans and Social Security, with $2.2…

View Post

article

Should I Max Out All of My Investments (50% of My Income)?

To decide whether to max out tax-advantaged accounts or invest in a taxable brokerage account, it’s essential to understand your…

View Post

article

The Amount of Money a 40-Year-Old Needs to Invest to Be Wealthy!

In your 40s, it’s crucial to take inventory of your financial situation and progress, especially if you’re aiming to reach…

View Post

article

Should Every Step of the Financial Order of Operations Be Hyper Focused?

Navigating the financial order of operations involves understanding which steps require hyper-focus, such as paying off high-interest debt or building…

View Post

episode

How To Maximize Your Savings with High-Yield Accounts (Don’t Miss Out!)

You may not be making as much as you should on your cash! In this Q&A, we discuss the best…

View Post

article

The Amount of Money a 30-Year-Old Needs to Invest to Be Wealthy!

In your 30s, you can still work towards achieving your multi-million dollar goals by staying disciplined, avoiding lifestyle creep, and…

View Post

article

Are There Downsides to Skipping a Roth IRA for a Roth 401(k)?

The question is whether to prioritize maxing out the company 401K (pre-tax and Roth) to hit 25 percent or to…

View Post