CHO at KD, Inc.

Here are some things to consider as you make your plans….

– An IRA account allows you to contribute about $5,000 per year. Most have a minimum start-up balance of about $1,000. Look for low fee funds – Vanguard is always good on that account.

– If you plan to stay self-employed for a while, maybe consider a solo 401k plan at some point.…[Read more]

Kayla – right there with you! I have a 10 year old and 7 year old twins. We’ve had and will keep having lots of family celebrations 🙂

Here’s a couple of things I’ve learned:
– Don’t be afraid to borrow. Ask neighbors and family nearby if they have folding tables/chairs they can bring so you don’t have to rent them.
– Watch for sales at…[Read more]

And it also really drives home the point about starting early! A little bit socked away in your 20s has a huge impact if you let it roll. I’m in my 40s now with 3 kids and I am SO glad I started putting money in a 401k when I was in my early 20s. It wasn’t much, then, but it definitely has formed a nice foundation to build on!

Keep watching…[Read more]

The national average is around 3%. So, for budgeting purposes, maybe that’s a good place to start? Totally agree with making sure that our possessions get a second life, though, too. That’s a great way to give back and keep things out of the landfill, too.

You can also use sites like Charity Navigator to help you find organizations to work…[Read more]

My kids are a little older (10, 7 and 7) and they are really starting to understand “cost.” I do think that at these early ages it’s about helping them understand the value of money and how far it does (or does not!) go.

It’s really helpful to take them with when you have to buy a birthday present for a friend or family member so that they…[Read more]

Hey Antoinette, I love it! At a certain point, you just don’t need any more stuff and yet our friends and family want to do something for us. I think this is super-smart. Well done!

Hi Antoinette, you’re wise to consider this *before* making the move! The good news is that there are definitely great options for self-employed/small bizness owners when it comes to retirement. In my case, I have my own consulting practice and I set up a solo 401k. It works exactly the same as an employer plan – there are individual contributions…[Read more]

So great that you’re thinking about this! As a self-employed person for the last 11 years, it took me a long time to tackle my retirement plan.

I found Vanguard’s small business site (and its comparison between the options) to be super helpful. It breaks down the advantages and the eligibility requirements for the various types in an easy…[Read more]

The idea of a “reset” or “reboot” is great. I’ve done the same thing with coffee – dropped it for a while. It really makes you appreciate that next cup!

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