Posts by Gravy Income

Retire Early with a Roth IRA Conversion Ladder

Did you ever wonder how people really Retire early at age 45, 50, 55.  Majority of the time they are F.I savvy.  There is many tax advantage ways to save money and plan for your retirement.  I only wish some of these lessons were taught to me when i was 18.  $100 a month at age 18 to age 65 in a good mutual fund Roth Retirement account would make you a millionaire.


What is a Roth IRA?

A Roth IRA is a tax-advantaged, retirement savings account.  Your contribution is funded with your take home money, that is after taxes were taken out.  This does not lower your yearly taxable income like a tradition IRA or 401K retirement savings account.   The secret in the sauce is the money grows TAX FREE, when you withdraw the funds, you do not pay taxes.  ROTH IRA's are commonly overlooked and become a great Tax differed investment vehicle.  Created in 1997 and Named after William Roth, a Delaware Senator.



The Roth IRA Conversion Ladder is a great tool you can use to retire early.  If your like me and dream to retire by age 50 then this is your ticket.  To make this work you will need to contribute the maximum amount into your 401k.  You will also need to save in a separate account 5 years of living expensive to get the maxim savings.


Age 50 you've made it!!  so you have a nice nest Egg in your 401K and you have 5 years of living expensive in the bank.  Its time to Retire, first step convert your 401K into a Traditional IRA.  This is easy to do I recommend Vanguard or Fidelity.  You have no income so no taxes to pay.  For the next 5 years you will be converting your Traditional IRA to your ROTH.  This is extremely easy to do and takes about 10 seconds on my Fidelity account. You will want to convert 1 a year the amount you will need to live each year after your 5 year's of living expensive is gone.  By converting your Traditional IRA to a ROTH after you have quit working means you will only pay taxes that year on the amount you converted.  If you converted 25'000 this means you will only pay taxes on that amount.  This will also put you in the lowest tax bracket possible.

tax bracket rates 2019

12%           $9526 to $38,700

24%           $82,501 to $157,500


How to start a Christmas tree farm on the side, set your own hours!!!!!!!

Are you the type of person that is jollier then most around Christmas. You should turn that jolly into paying off the credit cards or paying your mortgage off early? follow these simple steps and learn how to start a Christmas tree farm.

  1. Your first step will be choosing the right type of Christmas tree The Douglasfir is particularly ideal for beginners to grow spruce trees blue and white are also common for a Highlighted look.
  2. The next step will be deciding between starting with seeds or Live trees. Seeds can sometimes hard to start outside and may need to be started inside with some care live trees with route establishMay cost more. This will have her speed up your harvest time.
  3. The next step will be laying out your farm. Douglasfir Christmas trees should be spaced about 5 feet By 5 feet. This will give you a proximately 1500 trees per acre. If you plan on having a larger farm it is recommended to space the trees farther apart for equipment purposes consider 8′ x 8′.
  4. Planting the Christmas tree. Dig the whole wide, at least two times wider then the root ball. A wide hole will allow the roots to absorb water better. The depth is important do not go deeper then the root ball. Fill the whole back in tamping it very lightly. Keep the remainder dirt covered in a safe location for future use. Water soil until moist and repeat weekly if needed.

When can I harvest my Christmas trees

This depends on your planning method if you started with seeds it will take 7 to 10 years to harvest. This is a height of 8 feet. If you started with saplings you can cut this down to 4 to 6 years depending on the size of sapling. Chances are you will never sell out all in one year. It’s good plant new trees every year so you will always have a equal supply each year. This will also provide you with a stable yearly income.

How much money can you actually make selling Christmas trees?

Location is a big factor here, the average resell value of 1 acre of cut your own trees is $70,000 To $120,000. We recommend to re-plant one-eighth of your acreage every year, which is about 200 trees per acre. The average small tree farms in the Washington DC metro area make about $50,000 in the 7-8 week season.

This can produce a nice side income for those that don’t mind the manual labor. Don’t forget to have a stand set up with free hot cocoa and other festive items you can sell.

The links below will provide you with supplies to get you started today.

Happy holidays…

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Making Money With Craigslist

So you want to make Extra Money, Follow these steps and make money on Craigslist.

1.  Buy & Hold

Find a good deal on an item, buy it, bring it back to your home and re-post it for a Profit. This is Buy & Hold do not get discouraged if the item sits in your back room for a few weeks.

2.  Make money with side gigs

most people are not aware that there is a section on Craigslist where you can find Odd Side Jobs. These are people who need help and Armee willing to pay for it. Check it out now and start getting paid.

3.  Buy and Restore

When you restore an item to new and working condition you can charge new or working Price. Buy a appliance, perhaps a washer. If it’s broke they will most likely give it to you for free. Bring it home and attempt to fix it. With the power of the internet, there’s no limits to what you can accomplish. if you find it’s going to cost to much to fix you can Scrap it. Check Out This Blog For Scraping Metal.




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Books that will change your Financial Life.

change in your life may seem hard, it starts off with little changes in the morning perhaps that will have a huge impact on your life.

Here is a list of the Top Books To Read To Make A Change in your life, Mind, Body and Soul.












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