My Investment Returns For 2019
Want to see how I got these results?
We all know saving for retirement is important. But, most of us can agree it can be a bit confusing and even overwhelming at times. It can be a challenge to understand each of the accounts that you may have access to or understand the difference between them. As I set out to deep dive into the topic I learned some accounts I didn't know were a thing and may come in handy for myself later on!
While listening to podcasts I came across a couple that mentioned the Health Savings Account (HSA) as the best retirement plan out there because of it's ability to be tax free when you contribute, while you let it grow, and when you withdrawal.
I found myself thinking that can't be true, these people are lying! Retirement accounts are supposed to be taxed at some point. Believe me, the government wants their cut, so how is this possible?!
When it came time for me to start investing that is not how it went. It was more like a rock you try to skip along a lake. Just boppin along the surface and any growth I made eventually came back to the surface.
With this one change, and less work, I more than tripled what would have been my return in the stock market over the course of a year.
HELLO AND WELCOME!
I'm Jake, a dude interested in personal finance and travel creating the life I choose.
In 5 years I went from living in a basement with Craigslist roommates to paying off 90k of debt, backpacking 3 continents, getting a house for myself and 5 rental units.
Read my story in the about me section.
All photos on the blog are from my travels
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