Tamila McDonald - Engineer Your Finances

7 CEOs Who Went From Power Players to Headlines for the Wrong Reasons

Apr 23 2024

PARIS, FRANCE - June 16, 2023: Elon Musk, founder, CEO, and chief engineer of SpaceX, CEO of Tesla, CTO and chairman of Twitter, Co-founder of Neuralink and OpenAI, at VIVA Technology (Vivatech).

The year 2023 has unraveled like a blockbuster script in the business world, with a cast of corporate titans and maverick leaders whose actions have bordered on the unbelievable. In a narrative brimming with audacity and controversy, these figures have not merely pushed the envelope; they have torn it to shreds, leaving the public and … Read more

Why This Financial 3×5 Card Keeps Spreading

Jun 27 2019Jun 27 2019

Have you ever been told a story and it just keeps going? Even years later, you hear the same story over and over again. Professor Harold Pollack wrote what we would call today a viral financial 3×5 card. Professor Pollack stated in a video chat with personal finance writer Helaine Olen. He explained in the video that the best financial advice could fit on a 3×5 card. The question is what made this 3×5 card viral?

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

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

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