- Daily Log:
- #personal #finance Investment accounts
- Work investment account is 401k, individual investment account can be IRA or Roth IRA
- IRA
- Traditional IRA is contributed with pre-tax or after-tax income, when you take out the money you are taxed
- Contributions are tax-deductible
- Have to make annual withdraw at age 72
- Roth IRA is contributed with after-tax income, when you take out the money you are not taxed
- Contributions are not tax-deductible, there is a limit in contribution
- No withdraws are required
- ==Open this first, when you are have not realized your full income potential and have time on your side==
- Open IRA instead of robo-advisor since they have fees and doesn't outperform IRA by that much
- Retrospective::
- One week ago: [[January 15th, 2021]]
- One month ago: [[December 22nd, 2020]]
- One quarter ago: [[October 22nd, 2020]]
- One year ago: [[January 22nd, 2020]]
- Daily Stoic::
- Reflect on the past because the plans I make in the future descents from the past
- Ask what contributed to my happiness or worries today
- Have these in the paper notebook as it is more personal