4 Smart Money Habits to Help You Earn Your First Million Dollars … and Other Dollar Bits

4 Smart Money Habits to Help You Earn Your First Million Dollars – So, you want to be a millionaire? Conventional wisdom dictates that to save money, you need to squirrel away as much as possible while drastically reducing your spending, period. While there is some merit to that strategy, the smarter way to grow your wealth is to cultivate careful spending habits that will allow you to maximize your savings without cramping your style. Here are four smart spending habits to help you save your first million dollars.

Can I Put My Required Minimum Distribution into a Roth IRA? – Can I convert the required minimum distribution from my regular IRA into a new Roth IRA account after paying the income taxes if I am not working? I want to have access to the money in case an emergency comes up.

Becoming a millionaire doesn’t have to be impossible – What do you picture when you hear the word “millionaire?” Perhaps a well-groomed senior, lounging in a bathrobe, sipping champagne and overlooking acres of achievement from the portico of a mansion? You think you can never be a millionaire. But what if you can?

Grading your own 401(k) plan – Your 401(k) plan balance changes constantly, and if you are like most people, you don’t give it a second thought. You chalk up changes to general market conditions. You may not check your balance at all until your statements arrive – and even then, you may not care.

Can You Answer These 3 Basic Personal Finance Questions? Most Young Adults Can’t – One of the most intimidating things about entering the real world after years of school is handling your own finances — paychecks, taxes, investments, flexible spending accounts, pretax deductions, bills bills bills. The reams of financial papers that get thrown at the working American is staggering, and — according to new research — twentysomethings are having a particularly tough time with personal finance.

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