Wow — 2014 has come and gone fairly quick. We have roughly two months left of this roller coast of a year and to me that is reflection but also — looking forward. Typically between November 1st and end of December I meet with a few friends (you guys know who you are), where we establish life, financial and personal type goals. Goals such as traveling, improving your quality of life, portfolio of stocks, dividend income and other financial endeavors. This will be the first time that I will publicly discuss my 2015 year goals and see if I can make those happen with action beginning now, but theoretically – January 1, 2015. I will break down the 2015 year goals and show you what I can do to gear those up to the finish line by December 31, 2015. 
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Tag Archives: Income
Lanny’s September Income and Expense Summary
Another month has passed, another month where I ask myself… Did I hit the 60% savings goal with my income and expense tracker? Did I hit the big mark that I set for myself in August when I was discussing why I am aiming to save 60% of my income? I know Bert did extremely well, saving almost 50% of his income for September. C’mon Bert, step your game up, you have someone to split your income with and you can’t save 50% of it, weak, right? Joking, he did extremely well as I’ve said, now let’s see how I performed in my balancing of the income and expense categories. 
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Why Bert’s Aiming to Save 60% of His Income
About two months ago, Lanny wrote about why he aims to save 60% each month. His article got me thinking about saving a large portion of my income and you know what, if his Italian self can do it – I can too! See why I am now also aiming to save 60% of my income each month.
Maximizing your Roth for 10 Years… Then Set It & Forget It!
Now I know I am one to fully dive into research, use calculators and figure out the, hopefully, most efficient and effective way to get to a goal. Today I want to show you that if you maximize your Roth IRA contributions, currently at $5,500 per year, you can do so for 10 years and then all of a sudden you can STOP contributing… Yes – STOP placing more funds into your personal Roth IRA. This is the “set it and forget it” model and I will show that through dividend reinvestment and a conservative market return allows you to no longer need to really contribute after 10 years, as you’ll have quite a “hefty” nest egg and will be able to use the $5,500+ on other investments – like your individual-taxed stock portfolio. Read more to discover the benefit of maximizing your Roth IRA. Continue reading