Money - Things I've read about

Investing

Roth IRA

• What is a Roth IRA (Individual Retirement Account)?
  • Money is added after tax is taken out
  • Deposits are not tax deductible
  • Withdrawals are tax-free, once certain conditions are met
  • Can only contribute if you make less than $140,000 per year for a single person(rate is likely to change in the future)
  • Withdrawals are tax-free and penalty free after you are 59 1/2 years old, and it has been 5+ years since your first funding contribution to your Roth IRA.
    • You can withdraw contributions without penalty or tax, but any gains will be taxed and possibly penalized if you don't meet the previous rules.
  • REMEMBER:
    • Name beneficiaries
    • Don't withdraw too early
    • You can't contribute if you make too much money

REFERENCE: Investopedia

Simple Path to Wealth

• Stocks: Total Stock Market Index Fund - at roughly 50% of your net worth
• Bonds: Total Bond Market Index Fund - at 40ish% of your net worth
• Cash - for the rest.
• You can fine tune your investments: For safer, longer term investing; increase the percentage in your bond fund.

REFERENCE: JLC Stock Series

Useful Links

• Personal Capital
• JL Collins
• Money Mustache

IMPORTANT

Don't take anything I say here as advice!

These are just some of the thoughts and reasearch I've done in order to live a simpler life as it relates to money.