Sunday AAR (20MAY2018)
The Sunday After Action Review is a collection of the best articles that we’ve read this week.
Know of a good article or blog that we should read? Please let us know in the comments.
- Traditional IRA v.s Roth IRA – The Best Choice for Early Retirement – Here is a detailed analysis with good visuals explaining why it is better to stash money in pre-tax accounts rather than a Roth, which is for after-tax money. It’s not just about temporarily avoiding taxes. He also goes into detail about how you can avoid ALL taxes. We discuss these types of accounts in Step 5 of the Military Millions Steps to Financial Security. Save until it hurts then save some more!
- HSA – The Ultimate Retirement Account – Same author as the one above. I love this guy! If you’re covered by TRICARE this won’t work for you, but if you have brothers, sisters, third cousins, whomever that are eligible for a Healthcare Savings Account (HSA) pass this article along to them. This is a way to stash yet another few thousand bucks away each year – tax-free.
- A Day In The Life of my Supposedly Frugal Stomach – Mr. Money Mustache is a favorite of ours here at Military Millions. He’s crazy frugal, witty, and drops the F-bomb with style. Both Still-In and I have read the entire blog. Good stuff.
- Age-Old Myths – A few myths about Social Security explained. As the first sentence explains, “It’s not going anywhere…” but it may change.
- One Simple Method To Assess Your Risk Tolerance – From WALL STREET PHYSICIAN, but totally applicable to those of us with a lower income. Take a look at The Sleep Test. It’s a bit different than what I was expecting and will only take you two minutes to judge your risk tolerance.
- 7 Behaviors of the Wealthy – Another physician authored article, but another good one for the rest of us too. A couple of them: Continually educate yourself and track your net worth. For the latter Military Millions highly recommends Personal Capital. We use it to track our savings, investments, home value (it integrates with Zillow), and expenditures.