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JAM Program Simple Steps
JAM Interactive Budget Program
saving for 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 [...]
Question: I want to convert my 401k/403b/Traditional IRA to a Roth IRA. How does This Work?
Doing a Roth Conversion has become a hot topic this year. There used to be income restrictions on a Roth conversion, limiting the people who can do this. However, the income restriction has been lifted this year, leaving the option of being able to take advantage Roth’s tax free growth and withdrawals open to everybody. [...]
3 Priorities of Retirement Contributions
Congratulations, you are now debt free and have your emergency fund set. You are right in the middle of the JAM program. Now is the time for true wealth building in Phase 2, Simple Step 2: Retirement savings.
I suggest putting 10%-15% of your total income towards retirement. 10% should be the goal if you are [...]
Simple Steps to Financial Freedom
Here is a more thorough explanation of the Simple Steps program to financial freedom.
Phase 1 – Extreme Intensity
Step 1- Save $1000
Before you start knocking out your debt, you will want to create a small buffer. This $1,000 creates some padding for the emergencies that life can throw at you. It also gives a good excuse [...]