401k Archives - CLIPPING CHAINS

December 19, 2022December 18, 2022

QA9: What Is the Point of Financial Optimization?

We’re back to the digital mailbag to answer your questions!

For this week:

Hot Seat Questions: My favorite blogs, podcasts, articles, and books. Musings on my biggest financial mistakes and the advice I’d give my younger self.
How do my wife and I keep meaning and purpose in our lives without traditional careers?
To sell or not to sell a home that was purchased in 2021
How to sell investments and minimize taxes
The proper hierarchy of investment accounts
Roth vs Traditional 401(k): Which is better?
I-Bonds: Should we be buying more?
Saving strategies for a home down payment
Receiving inheritance in a foreign currency
Critical nuance on withdrawal strategies in a high inflation/poor market return environment
So much more!

October 3, 2022October 2, 2022

QA8: What If We Run Out of Water?

We’re back to the digital mailbag to answer your questions!

For this week:

Thoughts on the bear market
Getting invested with a Health Savings Account
Paying for education with retirement accounts
My philosophy on rest from climbing
How to develop financial mentorship in the climbing community
Travel and rescue insurance ideas
Determining a cost-effective approach to climbing destinations
Should I open an IRA if my employer doesn’t offer a 401(k) match?
How to not get wrecked moving from sport climbing or bouldering to trad climbing
The risks of owning property in an area that could be running out of water
Getting a home loan with inconsistent income history

August 1, 2022August 2, 2022

QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters

We’re back to the digital mailbag to answer your questions!

For this week:

Does the 401(k) max include employer contributions?
Should I invest in my 401(k) or pay down my mortgage early?
What about Fidelity’s zero expense ratio fund, VZROX?
Investing tips for a Health Savings Account
Do you write off business expenses for Clipping Chains?
How and when do you pay yourself from investments?
Winter climbing in St. George, Utah
Big life expenses and expectations when pursuing financial independence: children, weddings, etc.
Mandatory pension contributions vs DIY investing
Front-loading savings without going for full financial independence (Coast FI)
Climbing plateau busters

June 21, 2022June 20, 2022

Your Questions Answered: Volume 6

Hello! We’re back in the digital mailbag to answer your questions.

In this Q&A episode we take a hard look at inflation, the reality of a bear market, tactics for balancing a career and climbing, saving for a home down payment, my dream interviews, the pros and cons of maxing out retirement plans, cryptocurrency, financial advisors, and traveling the world for cheap. And of course, so much more.

September 6, 2021September 5, 2021

EP 5: Diana Crabtree Green: Pay Yourself First

Today I bring you a discussion with Diana Crabtree Green, a rock climber and now part-time Certified Public Accountant (CPA) with more than twenty years of experience in personal finance and tax.

Diana is another one of these climbers that I didn’t think existed in large numbers when I started this project three years ago: Diana and her husband could technically be retired in her 40s. But they both continue to work, at least part time. We’ll discuss why they’ve chosen this balanced approach.

Learn how outdoor enthusiasts are primed to get the ball rolling.

August 26, 2019October 17, 2019

Chelsea Murn: Wellness for All

This week I’m happy to bring you a conversation with Chelsea Murn, a 28-year-old climber, health coach, and dog-mom from Spokane, Washington.

I don’t exactly remember how, but I stumbled on to Chelsea’s profile on social media (Instagram actually). Over the months I’ve noticed that she has a drive to be more than just a typical psyched climber. She’s working to build a career around her passions of nutrition and health. But Chelsea fully recognizes that doing so requires a careful balancing act with a properly paying day job and her own climbing performance objectives. Many of you out there are trying to navigate that balance.

I also couldn’t help but notice Chelsea’s occasional discussions of money online. As we’ll touch on below, Chelsea is living a life familiar to millions of young (and old) Americans, and she’s taking action to gain the upper hand:

November 12, 2018January 22, 2022

Part 2: The CC Family Investing Strategy

Investing Strategy: Where Exactly is Our Money?

This is Part 2 in a series. Check out Part 1 for our investing strategy and asset allocation.

Now you have a sense of our investing strategy in terms of asset allocation, but that’s not helping you get started. Let’s take a look at some common investment “buckets” and how we are dividing out our investments.

It’s easy to get lost in the details, so let’s break it down to the basics right up front. No more paralysis by analysis. Below are our top five pillars of a sound investing strategy.