March 2018 - Engineer Your Finances

3 Unconventional Retirement Saving Tips That Won’t Totally Bore You

Apr 02 2018Mar 29 2018

Growing up, 57% of American adults got an allowance. Of those people, 90% had to do chores to earn their allowance, and 70% had to work for every penny. The point is, many of us are taught from a young age that we need to work hard for what we get in life. As you … Read more

You’ve Maxed Out Your Roth IRA – Make These Moves Next

Mar 26 2018

In 2018, you can contribute up to $5,500 to a Roth IRA if you’re under 50, or $6,500 if you’ve reached that milestone. For some, it may take all year to hit that target. But, for others, they’ll max out their contributions before the calendar hits 2019.

Tamila McDonald

Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals

Exploring Buzzworthy Ways To Make Money While Beekeeping

Mar 22 2018

Many of those who participate in beekeeping see it as nothing more than a simple and enjoyable hobby. After all, Americans consume about 1.3 pounds of honey per person per year, and nothing beats having the ability to collect raw honey in your very own backyard. However, in addition to the reaping the traditional benefits … Read more

Cashing Out Your 401(k) for an Emergency – Read This First

Mar 19 2018

An emergency can strike when you least expect it. Maybe your car breaks down, or medical bills start piling up. Whatever the reason, it can be frustrating, especially if you are short on funds.

Situations like that may make you wonder if cashing out your 401(k) is the right move. Typically, people have a significant amount of money in a 401(k), so tapping it when disaster strikes may seem reasonable.

But, there are caveats to cashing out your 401(k), and the penalties can be costly. If you are wondering whether cashing out your 401(k) is the right move, here’s what you need to know.

Tamila McDonald