I just made an update to My Rough Guide to Money and Investing, a loose framework of some of my more general money-management tips. Hopefully this is more organized and easier for everyone to digest than trying to dig through the archives.
So you can keep up with future updates more easily, I’ve also placed it in my “Popular Posts” section on the top right of every blog page. It’s replaced my $20 Emigrant Direct Savings Signup Bonus, although that’s still going strong.
Thanks for putting together the rough guide! 🙂 I would love to read something on health/disability insurance, and also I’d love your thoughts on tax-advantaged programs for freelance income if you already have a 401(k) through a day job.
Nice work Jonathan
This is a great resource – thanks so much for putting together! 🙂
I agree with Wanda….. I’ve been lurking in the various PF blogs for some time and have been hoping someone hits two areas:
1) What if you have regular W-2 income AND 1099/freelance income. There are articles about various options, but they usually assume you are completely one or the other.
2) What if you are fortunate enough to have a MAGI above $150K-160K and thus aren’t able to contribute to a Roth?
Actually, I myself have both W-2 and 1099 (non-W2) income. I’ve written several things on both SEP-IRAs and Solo (Self Employed) 401ks, but not recently. Both of those have no income caps per se, they just depend on your business revenue. Many of these posts are in the Entrepreneurial section.
Here are a few specific ones:
Finding a Solo 401k Administrator (I chose Fidelity)
Solo 401k vs. SEP-IRA
Nice work here. Have you thought about adding an insurance component? I find that term life is a must if anyone depends on your income. Also a umbrella policy might be good if you have assets to protect (plus it’s cheap at around $150 per year for $1Mil in coverage).
Great post.