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My Investing Life

My Investing Life

Blog about my saving and investing the good bad and ugly

My Investing Life

My Investing Life

Blog about my saving and investing the good bad and ugly

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Month: February 2021

Crypto

Feb 23 – Crypto IRA it’s a thing – updated with screenshots

  • Myinvestinglife
  • Posted on February 23, 2021

I have often wondered if a proper crypto IRA existed with sensible fees.   I know I can Invest in BTC and ETH through some Index funds but that’s at a premium and I don’t own any of the underlying assets.  I can do this via bitwise or grayscale index funds.   However I have finally found a…

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Basics

Feb 22 – Let’s talk about debt, the good bad and ugly.

  • Myinvestinglife
  • Posted on February 22, 2021

The basics So before we talk about options on how to get out of debt let’s give some examples of how much debt costs you and how difficult it is to get out of debt. You owe 5k on a credit card that charges 19% APR. This means your debt is goin to grow $950…

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Uncategorized

Feb 14 – Backdoor Roth what it is and why you may need one.

  • Myinvestinglife
  • Posted on February 14, 2021

So we already covered the Benefits of having a Roth IRA in this article. But a Roth IRA is only available up to a certain income. What happens if you are above this? Well you are in luck there is a back door way you can still have a Roth IRA and the benefits that…

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Basics

Feb 6th – Roth IRA why you need one.

  • Myinvestinglife
  • Posted on February 6, 2021

Below I will explain why it’s better to use a Roth IRA for investing and not brokerage accounts. Or rather you should always use your Roth IRA up to the contributions you can every year. The above shows how pay is taxed. When you use your Roth IRA for stock trading it has 2 different…

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Recent Posts

  • March 7 – M1 Finance the life of pies.
  • Feb 23 – Crypto IRA it’s a thing – updated with screenshots
  • Feb 22 – Let’s talk about debt, the good bad and ugly.
  • Feb 14 – Backdoor Roth what it is and why you may need one.
  • Feb 6th – Roth IRA why you need one.

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