by Randy Chalmers on October 28, 2022.
When conversations navigate toward the topic of retirement, one of the most common subjects discussed is IRAs. If you are unaware, IRA stands for individual retirement account, meaning it is not offered through your employer, you made a choice to start saving into a retirement account on your own. Traditional IRAs are invested pre-tax, and...
by Randy Chalmers on October 14, 2022.
I’ve been asked many times “if Dave Ramsey says to fund a Roth IRA, why would I ever choose a traditional IRA”? Well, much like any advice, there is no absolute in reference to what will work best for everyone in every situation. Let’s examine the main characteristics of both types of IRAs. As...
by Randy Chalmers on September 1, 2022.
Recently my 5-year-old son asked my wife and me why he had to turn off the lights when he was not using them. We explained that it costs money to operate the lights, and he was astonished, “we even have to pay for that!!??” We realized then that we have a lot to teach him...