Broke Millennial Blog

None Should you qualify for a tax-deductible contribution up to the annual limit, you’re investing with pre-tax dollars up to the annual limit ($6,000 in 2019). You don’t get a tax advantage today, but you do get to withdraw the money federally tax-free in retirement, provided certain requirements are met, including: the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death. It’s important to remember each dollar you pay in fees is a dollar less that’s growing for future you, so you should compare costs of expense ratios and make sure you know exactly what you’re being charged. For example, if you had $6,000 in employer contributions and $6,000 of your own contributions, and you left at the end of year three, you could take the full $6,000 you contributed + 40% of your employer contribution ($2,400).

The next book in the Broke Millennial series hit shelves April 9! : A Beginner’s Guide to Leveling Up Your Money is for anyone who feels like they aren’t ready (or rich enough) to get into the market. There’s a significant lack of information out there catering to the concerns of new millennial investors, such as: • The tour hits NYC, Atlanta, Seattle, Portland, San Francisco, LA, Chicago and Toronto!

: A Beginner’s Guide to Leveling Up Your Money is for anyone who feels like they aren’t ready (or rich enough) to get into the market. I’ll be traveling the country in April and May to host educational events for rookie investors to convince you that investing doesn’t have to be scary or intimidating! You’ll get a copy of the book (which I will happily sign and personalize for you) + a discussion on investing + food & drinks! There is early bird pricing available for LA, Toronto, Chicago and Detroit until 4/8 at 11:59 pm PT, so don’t wait!

: A Beginner’s Guide to Leveling Up Your Money is a guide to investing basics for anyone who feels like they aren’t ready (or rich enough) to get into the market. I’ve got some fun gifts in store for folks who pre-order the book including some limited edition options Click here to learn all about the pre-order bonuses and how to claim your prize. I’ll be traveling the country in April and May to host educational events for rookie investors to convince you that investing doesn’t have to be scary or intimidating! I can’t wait to meet as many of you as I can in person.