Journal Club 09-15-23 – Passive Income MD – Passive Income Article

Here’s Journal Club 09-15-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

• A tax-deferred account is one that you contribute with your pre-tax money, which grows in a tax-protected manner, and you owe taxes at the time of withdrawal. On that note, The White Coat Investor explains three types of investment accounts and emphasizes the importance of understanding tax-deferred accounts and how they could impact your retirement planning in the article – How to Think About a Tax-Deferred Account.

• Starting investing early in your career is crucial to attaining financial independence. It’s a no-brainer. Per the Banker on FIRE, in addition to investing early, growing your income, increasing your rate of savings, and investing in tax-efficient vehicles are equally essential for ensuring a smooth journey to financial freedom. And the author reminds us to steer clear of any investment ideas that seem to offer quick returns to build a secure financial future in the post – Running Late.

• The decision to rent or sell your existing home is a combination of financial calculations, risk tolerance, personal preference, and the hands-on responsibilities…