Category Archive for: Acronyms

The 6 Ways to Financial Independence: LIPIBS

In our experience, there are only 6 ways to gain financial independence.  Meaning, there are only 6 paths for people to provide for a comfortable retirement.  The acronym for the methods is LIPIBS.   L: is for Lucky – Win a (big) jackpot and then be wise with the winnings! (The hardest part about this…

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Roth IRA vs Regular IRA

What’s with all these 3-4 letter financial terms?!  IRA, Simple IRA, Roth IRA, 403b, 401k, SEP, UTMA, UGMA, 529, and TOD? Well, let’s compare a Roth IRA to a Traditional IRA. Suppose I were to give you 2 seeds.  The first seed you have to pay tax on now.  However, when that tree grows and…

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