RESOURCES
Useful Articlesand Resources
How Do Income Taxes Work?
By Jay Zigmont | May 8, 2023
As the old saying goes, the only sure things in life are death and taxes. This goes for everyone, even the Childfree community. If you’re a U.S. citizen, you are taxed on your worldwide earnings. This means that even if you’re a citizen who lives elsewhere, you still owe U.S. income taxes on every cent […]
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How Do Taxes Work for Childfree People?
By Jay Zigmont | Apr 30, 2023
Taxes are often a hot topic for the Childfree community. Why is this? It’s common to hear about parents who seem to barely pay taxes at all, by virtue of having children and qualifying for child tax credits, while many Childfree people are already claiming zero on their W-4 form and still owing taxes every […]
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Using the Financial Planning Pyramid to Grow… or to Just Get Started!
By Jay Zigmont | Mar 21, 2023
When I began to get serious about my personal finances, I didn’t know where to even begin. I’d heard people talk about how important it was to have a budget, and I also heard people talking about 401ks, and I was told my student loans really needed to be paid off ASAP, and, oh, I […]
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Fourth Meeting with a CFP® – Benefits and Budgeting
By Jay Zigmont | Mar 2, 2023
Anna (from We’re Not Kidding) and her husband, Grant agreed to have their financial planning process recorded and shared. Get a rare look behind the scenes of what it is like to work with a CFP® professional. This is the fourth session we held. Here is the first one, the second one and the third one. In this session, we start by […]
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What is an annuity?
By cfwealth | Feb 27, 2023
Many people worry about retirement planning and how to ensure they don’t outlive their money, and Childfree people are no exception. There are a lot of avenues to retirement, and one you may have heard of is annuities. What is an annuity, and are they appropriate for Childfree people? What is an Annuity? An annuity is a […]
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Should I Set Up a Roth IRA?
By Childfree Wealth | Feb 1, 2023
A Roth IRA is a type of investment account that you don’t ever pay taxes on once you’ve put money into it. As with anything, there are exceptions to the rule, but the Roth IRA can be an extremely powerful tool when it comes to your finances. You might be thinking that if it is such a […]
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What is compound interest?
By Childfree Wealth | Jan 30, 2023
“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein Yes, Albert Einstein healthily respected the power of compound interest and, based on the quote above, maybe even revered it. I never met the guy, but I hear he was very smart and […]
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The How and Why of Backdoor Roth Conversions
By Childfree Wealth | Jan 29, 2023
Before you get up to your elbows in this article, make sure you understand Traditional Vs. Roth accounts with this course. Backdoor Roth Conversions are a creative way of getting around income limits for contributing to a Roth IRA if you can meet the requirements for it to work. Roth IRAs have income limits for those […]
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Can I Take a Loan From My 401(K)? (and should I?)
By Childfree Wealth | Jan 28, 2023
For those who want the quick answer: Yes, 401K loans exist with many (maybe even most?) plans! That said, there are lots of rules and pitfalls in taking 401K loans so read further for more information. 401Ks have numerous features that may come in handy, particularly as a last resort. Features such as being able to […]
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Do I Need Life Insurance if I Don’t Have Kids?
By Childfree Wealth | Jan 27, 2023
The primary concern that life insurance protects against is leaving loved ones behind with significant burdens like debt or without enough resources to continue their lives. This is especially the case for people who have dependents, but is it as important for people who don’t have kids? Life insurance is most frequently used as a […]
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