#firecommunity

Repost from @thatscommoncents • Still lost on how retirement accounts work? 👉🏻 Follow @thatscommoncents to learn to build wealth & invest confidently 💸 I broke it down for you so don’t have to be confused any more Just a note that these aren’t all investment options available to you, just the major ones 💸When do you pay taxes? With a Roth 401(K) or IRA - you pay taxes now, and your investments grow tax free With a Traditional 401(K) or IRA - you get a tax break now and you pay taxes when you withdraw With a HSA - if you use the $$$ for 💸What types of investments can you pick? With s IRA - it is opened by you so you are not limited With a 401(k) or HSA - you’ll be limited by the funds chosen by your employer or HSA provider - its usually around 10-20 set mutual funds but may be different for everyone 💸How many can you have? You have ALL 3 as long as you qualify! PS make sure to work with a tax professional to see what is best for you 💸 Want to learn more about getting started? 💲Book a coaching session in my bio! ✨ Check out my blog for more free resources . . . . . . . . . . . . . . . . #debtfreecommunity #investing101 #financialfreedom #personalfinance #firecommunity #savemoney #investingforbeginners #personalfinanceforwomen #buildwealth #millennialmoney #financialindependence #investingtips #financialpeace #networth https://www.instagram.com/p/CRysAVIrS4575XPeV7oV99hjkbDSc8BS0J8WbA0/?utm_medium=tumblr

Here are 17 Things Frugal People Don’t Usually Do. How many do you personally resonate with?

Retirement is not an age, it’s a financial status 🤗⁣⁣⠀ ⁣⁣⁣⠀ You can retire at ANY age...⁣⁣⠀ ⁣⁣⠀ You just need enough passive income to pay for your expenses ✌️⁣⁣⠀ ⁣⁣⠀ The lower your expenses are, the easier it will be to ‘retire’.⁣⁣⠀ ⁣⁣⠀ Even if you don’t want to retire from active work, having the ability to retire while still working on your business, 9-5 or charity work would be such a weight off your shoulders.⁣⁣⠀ ⁣⁣⠀ Especially times like this - those who have the ability to retire, aren’t scared about lack of security because no matter what they do, they’ll still get paid from their investments.⁣⁣⠀ ⁣⁣⠀ This can be from dividends, rent, capital gains, 401, Roth IRA, etc etc.⁣⁣⠀ ⁣⁣⠀ What age do you want to ‘retire’ at? 👇⁣⁣⠀ ⁣⁣⠀ #whycryovermoney #retireearly #firecommunity #financialfreedom #financialindependence #financialconfidence #financialindependenceretireearly #passiveincomeinvesting #passiveincomeinvestments #dividends #dividendgrowthinvesting #millionaire #assetsoverliabilities #streamsofincome #retireyoung #personalfinance https://www.instagram.com/p/B_w92sZB5Eq/?igshid=1tvnd4ss4fnqu

We saw this guy painting, taking advantage of the light in this courtyard, while we were traveling in Guatemala. Keith had never painted or drew in his life not even doodling. He thought the man looked so relaxed and tranquil while he painted. When we retired early and moved to Cuenca Ecuador, Keith took art lessons. He found out that he is an amazing watercolorist. Traveling allows you to experience new things and see people living life differently than you do. Retirement gives you the time to try and do things you never knew you could do because you did not have the time. See our posts on retiring early at Retire Early and Travel. #retireearly #earlyretirement #retireearlyandtravel #firecommunity #wealthymindset #retirement #retire #retireyoung #retired #retiredlife #antiqua #antiguaguatemala #guatemala🇬🇹 #liveabroad #expat #travelwithus #travelmore #travelnow #watercolorartist #artist #painting🎨 #makingart #oilpaintingart #centralamerica #artist_sharing #artistic_share #worldart #experiences #seetheworld (at Guatemala) https://www.instagram.com/p/B29G9B0Arjb/?igshid=12sbmz5c4r9bx

This photo was taken on the grounds of the Pitti Palace in Florence, Italy. The Pitti Palace is a Renaissance palace located on the south side of the Arno River. The palace was made famous by the Medici family, an Italian baking family. The Medici’s became the largest bank in Europe in the 15 century. Studies show that experiences rather than things invoke happiness. If you want a truly fulfilling and happy retirement, you should invest in memories instead of material possessions. Travel is a great way to create memories. #experiences #earlyretirement #fire #firecommunity #finacialfreedom #memories😍 #florenceitaly #pittipalace #retireearlyandtravel #retirementlifestyle #financialindependence #loveitaly #visititaly #collectingmemories #treesofinstagram #firemovement #wealthymindset #travelwithus #lifeisnow #slowtravel #lifestyledesign #biggerpockets #europeantravel #traveleurope #italy_stop #travelcouples #travelnow (at Piazza Pitti Palace) https://www.instagram.com/p/B21erSOgupG/?igshid=u1nlrugcqb7l

I was so moved by @paulapant podcast I had to write about it. Please check out my post at XennialBlogger.com and tell me your take on money breeding insensitivity! . . . . #money #personalfinance #retirement #fire #firecommunity #privilege https://www.instagram.com/p/BoebOk0ASjK/?utm_source=ig_tumblr_share&igshid=mbl4vmocz1r9