Understanding Probabilities of Success in Financial Planning
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Understanding Probabilities of Success in Financial Planning

It Looks Like I’ve got a 75% Chance of Making it Home From Work When we talk about achieving financial goals, we use the term “Probability of Success”. It comes from a Monte Carlo mathematical model that produces a number ranging from 1% to 99%. But what does a 50%, 75%, or 99% probability of…

Quarter In Charts – Q1 2022
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Quarter In Charts – Q1 2022

We just completed Science Fair season in our house – whew! Finley (age 12) tested different ratios of Corn Syrup to Sugar to determine the optimal recipe for homemade marshmallows (I take all the credit for the title: “Who Wants S’more Marshmallows?”) Going into the project, she had no idea which recipe would make the…

How to Contribute $67,500 into a Solo 401k in 2022
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How to Contribute $67,500 into a Solo 401k in 2022

Solo 401k’s have always had a large annual contribution limit, but the trick is getting to that limit while living within the rules provided by the IRS. There are four rules to follow to contribute the entire $67,500. Rule #1: Qualifying Business You must work in a for-profit business with “one” employee: you. However, the…