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JAM Program Simple Steps
JAM Interactive Budget Program
June 2010
You are browsing the archive for June 2010.
Roth IRA as an Emergency Fund?
I recently read an interesting article on Using Your Roth IRA as an emergency fund. There are some pros and cons with stashing your emergency fund in a Roth IRA.
Use Roth IRA as your backup emergency fund
Pros
- Money grows tax free. This works especially well if you don’t have a major emergency.
- Less temptation to [...]
Phase 3 – Your Introduction/Roadmap to True Wealth
So you’ve made it to the end of Phase 2? Congratulations! If you’ve come from Phase one, you’ve pushed the boulder all the way up the mountain, pushed it over the hump and started the boulder rolling down hill. Phase 3 is going to add some muscle to your boulder push and will accelerate your [...]
Phase 2, Step 3 10% Personal Savings. What’s this Step All About?
Most financial programs, whether it’s “Dave Ramsey’s Financial Peace University” or Ramit, from the book/blog “I Will Teach you How to Be Rich”, all look pretty much the same. The JAM Program is a little bit different in that it has this additional step for us to save for some things that go beyond retirement [...]
Question: What Should I Do With Old Retirement Accounts?
A lot of people I know have an old 401k or IRA at their previous employer, so I get asked this question a lot. The answer, ultimately, will be dependent on you and what you feel comfortable doing. However, here are a few directions you can take your old retirement accounts.
First of all, there is [...]