Tag: Snowflaking
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Warning About Snowflaking into Roth IRAs
Snowflaking, or micropayments, is a clever idea but when it comes to paying off debt but when you are talking about contributing towards retirement, you have to keep several things in mind. First, the rules of a Roth IRA, which will be easiest to snowflake into, state that you are only permitted to contribute earned…
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Snowflaking Your Way To Retirement
Snowflaking is a play on words off Dave Ramsey’s Snowball psychologically-driven debt busting technique and it refers to putting small amounts towards your debt, snowflakes, to help eradicate debt. One of the ideas of snowflaking is that you can find small alternative sources of income and then push it towards your debt but you could…