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Debt

Money Gear 3: Pay Off High-Interest Rate Debt

November 18, 2024
Tagged as: budgeting, debt avalanche, debt management, debt snowball, money gears

If you want to climb a mountain, it’s going to be much more difficult if you have bricks in your backpack. Likewise, reaching financial independence is a hundred times harder if you’re holding onto high-interest...

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Ask Matt & Joel

Ask Matt & Joel: Can I use HSA funds to pay for healthcare premiums?

November 13, 2024
Tagged as: health insurance, HSA, index funds, retirement investing, tax advantaged accounts

Today’s question comes from Gabe in Cincinnati, OH!… “Hey guys, I have a question about our favorite investing vehicle, the HSA. My wife was talking to a co-worker the other day who is retiring early,...

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Ask Matt & Joel

Frugal or cheap: Bringing my own food for kids when we go to a restaurant?

November 12, 2024
Tagged as: family finance, frugal habits, frugal vs cheap, groceries, Life Hacking, money challenges

Today’s question comes from Nick from North Carolina!… “I have a frugal or cheap question for you… I have an 18 month old son. Until recently, when my wife and I have gone out to...

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Investing

Money Gear 2: Snag Your Workplace 401k Match

November 11, 2024
Tagged as: 401k, budgeting, credit cards, Financial Independence, index funds, money gears, retirement investing

When I was growing up, my dad used to always tell me that there was “no such thing as a free lunch.” He wanted to teach me that everything has a cost. And that if...

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Ask Matt & Joel

Ask Matt & Joel: We’re considering a 401k loan to pay off credit card debt…

November 10, 2024
Tagged as: 401k, debt management, good debt, personal finance, saving money

This question was posted in our HTM Facebook group by an anonymous member… “My husband and I have some credit card debt. We are considering a loan from our 401K because the interest we pay...

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Ask Matt & Joel

Ask Matt & Joel: Should I do a Roth conversion during a sabbatical year?

November 9, 2024
Tagged as: early retirement, Life Hacking, Roth conversions, roth ira, saving for retirement, tax advantaged accounts, year off work

Today’s question comes from Ariel in PA!… “Hey, Matt and Joel. This is Ariel calling out of Philadelphia, and I have a kind of unique situation this year where I decided to quit my job...

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Ask Matt & Joel

Ask Matt & Joel: Do you think I can withdraw more than the 4% rule?

November 8, 2024
Tagged as: 4 percent rule, early retirement, Life Hacking, retirement investing, roth ira

Today’s question comes from Scott in FL!… “Hi, guys, it’s Scott and Florida. My question is about the 4% percent rule for ROTH and 403b account withdrawals. I’m getting fairly close to retirement, maybe in...

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