$180,000 by age 30, $500,000 by age 40, $1 million by age 50, and $2 million by age 60. These are the rough estimates for what I think everybody needs to have in their 401Ks to have a reasonable attempt at a comfortable retirement. If you read the comments from my “401K amount by age” [...]

The 401K is one of the most woefully light retirement instruments ever invented.  The worst is the pathetic IRA which limits you to only $5,000 if you make under $58,000 a year for a traditional IRA to completely participate.  Meanwhile, you have to make less than $110,000 a year for the privilege of contributing after [...]

Feel like losing weight?  What a surprise, me too!  Like every other knucklehead, I went to workout on New Year’s day to lose some weight I gained during the holidays.  I got a sweaty two hour tennis match in and then hit again with my buddy for another 1.5 hours the very next day.  I’m [...]

Americans are rich by world standards.  With an average per capita income of ~$47,500, America ranks in the Top 10 in the world.  The other nine include Qatar ($88,300), Luxembourg ($80,000), Singapore ($57,230), Norway ($52,230), Brunei (~$47,500), Hong Kong ($45,000), Switzerland ($41,800), Netherlands ($40,800), Australia ($39,632), and Austria ($39,100).  The data comes from the IMF [...]

Yesterday was one of those perfect gastronomic days.  For breakfast, there was all you can eat fruit and pastries.  For lunch, some deliciously “low calorie” Greek baked spaghetti with garlic bread you see to the left.  To top off the evening, a bone-in filet mignon, with baked potato with the works, blue cheese wedge salad, [...]

Sometimes I feel like a genius.  Sometimes I feel like a financial dumb ass.  Today is not one of those days of stupidity.  It hit me during bath time the other evening that the secret to early retirement isn’t spending less than you earn, saving at least 30%+ of your after tax income, buying only [...]

It’s apparently very common to live at home with mom and dad after college.  Some statistics have the figure at 80% of newly grads move back home.  Is it really that common?  Have I lost touch with reality, yet again?  After four years of college, where there are just ridiculous amounts of parties and unspoken [...]

Whoever said, “money can’t buy happiness” is either poor or wealthy beyond their wildest dreams. The incessant amount of studies by researchers trying to prove money can’t buy happiness is simply a result of the researcher’s own poverty or unhappiness. Because they are financially mediocre, researchers are trying to console themselves that it’s OK not [...]