Individuals with high incomes are usually not allowed to use a Roth IRA, but a mega-backdoor Roth conversion strategy is one way for these individuals to contribute up to $39,500 to a Roth IRA, get the tax-free benefits on the growth of these monies, and then withdraw the funds in retirement.

Debt plays an important part in our society, but it’s a double-edged sword for those who don’t wield the sword carefully. It can help us jumpstart our lives, or it can financially cripple us for years. If the latter happens, there are two popular methods to help get our finances back on track: the debt snowball method and the debt avalanche method. But which is better?

How much should I save and why is this emergency fund thing so important? For us, establishing the fund was our first taste of financial freedom.

They silently kill wealth for several reasons: they are absolute, appear small, increase the required rate of return to beat inflation, are hidden by account gains, and are likely paying for a service that has no value.

When you’re working towards FI, knowing where your money goes is important. You know that we’re all about hacking the system — figuring out the best way to do something to shorten our path to retirement, help us travel, and ultimately live a life that we love. Part of that comes with knowing the best tools to use. Is Personal Capital the best tool for FIRE?

When used correctly, refinancing a mortgage can be a great choice. While refinancing can save you money, it’s not always a slam-dunk decision, especially when it comes to financial independence (FI).

Student loan debt shouldn’t keep you from pursuing your financial independence dreams. There’s a lot that you can do to ensure you’re getting yourself out of debt as quickly as possible and paying off those student loans fast.

Debt can feel like a huge hurdle to clear at the beginning. But you may be able to find help in an unlikely place: with a personal loan. We give you the rundown on how personal loans work, when to use them, and when to avoid them.