Latest 401(k) Balance By Age Versus Recommended Amount For A Comfortable Retirement

97 Comments / Retirement / By

According to Fidelity, as of end-2023, the latest average 401(k) account balance is $106,500. Fidelity holds 16.2 million 401(k) accounts, including my Solo 401(k). Fidelity is consistently ranked as one of the largest 401(k) providers in the country. The latest 401(k) balance by age naturally increases the older one gets. The median 401(k) account balance, […]

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How Much You Need To Retire And Never Have To Worry Again

48 Comments / Budgeting & Savings, Retirement / By

“How much do I need to retire?” is a question that comes up over and over again. So once and for all, let me suggest a simple, very logical and conservative method. I hope you can utilize my method to estimate how much you need to retire. Having specific retirement goals is a key to achieving success and

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It’s Time To Start Worrying About The Housing Market Again

324 Comments / Real Estate / By

With mortgage rates staying stubbornly high, even after the Fed cut rates starting in September 2024, it’s time to start worrying about the housing market again. Housing affordability is at an all-time low and prices could easily start declining again. That said, demand is still relatively strong from trade-up buyers and institutional investors. A lot

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Mortgage Protection Life Insurance: A Consideration For Homeowners

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After you purchase a home with a mortgage, you may start noticing solicitations in the mail for Mortgage Protection Life Insurance (MPI). Often times, the mail contains alarmist headlines such as: IMPORTANT NOTICE! PLEASE COMPLETE AND RETURN! FINAL NOTICE! MORTGAGE PROTECTION CARD! NOTICE OF OFFERING! MORTGAGE FREE HOME PROTECTION! This type of scare tactic should

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Refinance Your Mortgage Now As The Yield Curve Inverts

66 Comments / Mortgages, Real Estate / By

This post was written in January 2020, when the yield curve was inverting. That was the time to refinance your mortgage and I encouraged the entire Financial Samurai community to do so. We did, and are sitting pretty with low mortgage rates and higher property prices. Whenever the yield curve inverts, refinance your mortgage. Let

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