401(k) contribution limits are always changing. This is also true for other types of retirement and investment accounts. So, what are the 401(k) contribution limits for 2019? And are contribution limits the same for Roth 401(k)? Let's take a look. 401(k) Contribution Limits 2023 Per the IRS, 401(k) contribution limits for 2023 are $22,500. This is up from $20,500 in 2022. $22,500 may sound like a lot of money - and it is. But employer…
Barista FIRE is an interesting concept. It's becoming increasingly popular, which could be in part due to rising health care costs in the US. And health care only gets more expensive as we age. From diabetes to cancer to heart disease, some of the most prominent diseases have a direct correlation to an aging population. It's for that reason that one of the biggest dilemmas early retirees face is: how am I going to deal with…
Hey all! Hope you're having a fantastic evening (or morning, or afternoon). I'd like to discuss a topic that is central to my mission: financial independence retire early. This is such an important topic that I don't really need a reason to discuss it, but something actually did prompt me. Like so many people out there, I listened to Paula Pant's interview with Suze Orman recently. Now, despite Suze's apparently strong feelings on the matter, I…
I don't know about you, but personally, I definitely fret over the idea of working "forever." That's why, as mentioned on my various social media profiles, I'm starting the FIRE! Of course, I wouldn't actually work forever. But when I consider the idea of working until 65 or 67 - I figure I may as well be. Thankfully, my friends, I'm here to tell you that although I have yet to retire, and many people do work…