Happy Transfer Tuesday!

Why I’m trying to max my Roth IRA asap:

What is Transfer Tuesday?
It was coined by Mary from @PenniesNotPerfection and it’s the day of the week where you move ANY amount of money to ANY of your financial goals (debt, savings, investments, sinking funds, etc.).

I tend to transfer money multiple times a week to my various goals, but I always make a transfer on Tuesday as well!

What’s the point?
You will make quicker progress the more transfers you make (less interest paid on debt, more interest gained in your savings accounts, more money compounding in your investments). It also helps your money mindset because it feels good to make progress on a regular basis!

Other info about my journey:
The only debt I have left is my $36,000 of student loan debt. However, Federal student loans have been in forbearance and at 0% interest since March 2020. For that reason, I have been saving money in my high-yield savings account and I will make a lump sum payment once the pause has ended. I choose to save the money because I am gaining interest in my HYS account so I am technically making money off of my debt!

I now have enough money saved to completely pay off my debt, so I am focusing on investing/saving!

All My Checking/Savings Accounts:
Marcus Review:
2023 No Spend/Low Spend Plan:
2023 Money Goals:

Financial Coaching:

Financial Etsy Shop:

#TransferTuesday #RothIRA

Get on my Money Monday List:

Money Blog:

Follow me on Twitter:

💵 Support me:
💰 Venmo: @DebtOverIt

________________________________________________________________________

*SAVE MONEY*

Get Mint Mobile for as low as $15/month:

*ACCOUNT BONUSES*

💻 Marcus by Goldman Sachs HYS Account:
Earn 1.0% higher than the stated APY for 3 months (currently will be 4.9%)

Capital One 360 Checking:
Open an account, set up and receive direct deposit and earn $50

💳 DiscoverIt:
Earn $100 after making a purchase in your first 3 months

💳 Chase Freedom Flex:

Earn $200 after spending $500 in first 3 months
5% cash back on groceries for 1 year
No annual fee

💳 CapitalOne Venture One:
20,000 miles after spending $500 in first 3 months
1.25 miles per $1 spent
No annual fee

💳 CapitalOne 360 Checking:
Earn $50 after direct deposit of at least $200 2x

*MAKE MONEY*

🌟Rakuten (earn $40):
🌟MaxRebates (earn up to $50):
🌟IBotta:
🌟Fetch app: Use my code EJH9Y for 2,000 points

*SIDE HUSTLE RESOURCES*

💻 Start your own website:
Get 3 months free + 75% off your first year

💻 Create a Course! Teachable Launch Accelerator Challenge:

🧾 Learn how to sell digital products on Etsy:

*INVEST & EARN MONEY*

🤑M1 Finance (Get $10 after investing $100):

🤑Coinbase (Get $10 of Bitcoin after buying $100 in Crypto):

🤑WeBull (Get 2 free stocks after depositing $100):

🤑Robin Hood (Get a free stock!):

____________________________________________________________________

MY LIFESTYLE CHANNEL:

GOAL ACHIEVEMENT COURSE:

SELF-DISCIPLINE COURSE:

CHECK OUT MY BLOG:

I N S T A G R A M :

Camera I use (Canon EOS M50):
Microphone I use:

Business inquiries: contact@debtoverit.com

*The links above may be affiliate links. This just means that if you make a purchase through one of the links, I make a small commission at no extra cost to you. I appreciate the support!

DISCLAIMER: I am not an expert or a financial advisor. I simply love talking about finances and want to share my journey to financial freedom and help others along the way!…(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Are you looking for a way to boost your retirement savings? If so, then Transfer Tuesday might be just the opportunity you’ve been waiting for. On Transfer Tuesday, financial services companies offer special incentives for individuals looking to transfer their retirement accounts, such as a 401(k) or traditional IRA, to a Roth IRA. One such offer that has been gaining momentum is the “50% of My Roth IRA” promotion, which promises to match 50% of the amount transferred to a Roth IRA.

For those unfamiliar with Roth IRAs, they are a popular retirement savings vehicle that offers tax-free withdrawals in retirement. Unlike traditional IRAs or 401(k)s, contributions to a Roth IRA are made with after-tax dollars, meaning that withdrawals in retirement are not subject to income tax. This can provide significant tax advantages for individuals in retirement, as well as flexibility in managing their taxable income.

The “50% of My Roth IRA” promotion is a compelling offer for individuals looking to maximize their retirement savings. For example, if you were to transfer $10,000 to a Roth IRA, the financial services company would match $5,000, bringing your total account balance to $15,000. This can be a significant boost to your retirement savings and can help you reach your financial goals faster.

Additionally, the promotion offers a unique opportunity to take advantage of the current low tax rates. When you transfer funds from a traditional IRA or 401(k) to a Roth IRA, you will need to pay income tax on the amount transferred. However, given the current low tax rates, now may be an advantageous time to make the switch and take advantage of tax-free withdrawals in retirement.

If you are considering taking advantage of the “50% of My Roth IRA” promotion, it’s essential to do your research and consider speaking with a financial advisor. They can help you assess whether a Roth IRA is the right strategy for your retirement savings and provide personalized guidance based on your financial situation.

In conclusion, Transfer Tuesday’s “50% of My Roth IRA” promotion presents a unique opportunity for individuals to boost their retirement savings. By taking advantage of this offer, you can maximize the potential tax advantages of a Roth IRA and set yourself up for a more secure financial future. So, if you’ve been considering transferring your retirement accounts, now may be the perfect time to take action and make the most of this compelling promotion.