Blog - Page 152 of 260 - Financial Samurai

Cheap Health Insurance Options For The Unemployed, Self-Employed, Or Early Retiree

34 Comments / Insurance, Most Popular / By Financial Samurai

Whether you are unemployed by choice or due to unfortunate circumstance, having health insurance is a must. According to The American Journal Of Medicine, 62% of all bankruptcies in 2007 were health related and that’s before the economic meltdown. What’s more frightening is that back in 2001, health related bankruptcies were “only” 45% of total. […]

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The Fear Of Running Out Of Money In Retirement Is Overblown

144 Comments / Retirement / By Financial Samurai

The fear of running out of money in retirement is a rational one. After all, you’ve spent your entire career making and saving money, not pilfering your retirement accounts. But as someone who has been retired, or at least semi retired since 2012, I’m here to tell you the fear of running out of money

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How A Grantor Retained Annuity Trust (GRAT) Can Save You Millions In Estate Taxes

17 Comments / Family Finances / By Financial Samurai

A Grantor Retained Annuity Trust or GRAT is a way to transfer future gains tax-free to your heirs. If you’re blessed with a lot of assets, setting up a GRAT may save you millions in estate taxes. As responsible parents, my wife and I set up a revocable living trust. In case of our untimely

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The Most Amazing Estate Plan You’ll Ever Read

29 Comments / Family Finances / By Financial Samurai

In my Quora e-mail digest, I stumbled upon the most amazing and heartfelt estate plan I’ve ever read. A user asked: If you were left millions in your parent’s will, but your brother or sister were left nothing, would you give them some money? I think the large majority of us would say, “absolutely yes.”

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How To Qualify For Healthcare Subsidies Under The Affordable Care Act (Even As A Multi-Millionaire)

58 Comments / Health & Fitness, Retirement / By Financial Samurai

Without healthcare subsidies, healthcare in America is extremely expensive. For example, my family of four is paying $2,633 a month for a Silver plan because we are receiving no healthcare subsidies. We would get a Platinum plan, but it’s simply too expensive. If we reduced our income to be no greater than 400% the Federal

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The First Rule Of Financial Independence: Never Lose Money

77 Comments / Retirement / By Financial Samurai

The first rule of financial independence is to never lose money. If you lose lots of money, you ultimately lose lots of time. And time is your most valuable asset. Don’t go too backwards! The second rule of financial independence is to never forget the first rule. As one of the founders of the modern-day

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Every Investment Decision You Make Is Market Timing

46 Comments / Investments / By Financial Samurai

Whenever I write about an investment decision I make in a post or newsletter, someone gets upset. I’ll get a spiteful comment about how I’m market timing my decision. What someone does with their money has no bearing on what happens with your money. You have the freedom to make one giant paper money statue

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Three Favorite Ways To Earn Money And Pay Less Taxes

44 Comments / Taxes / By Financial Samurai

Want to earn more money and pay less taxes? We all do. Let’s talk about three of my favorite ways to earn more and pay less. John F. Kennedy once said, “Ask not what your country can do for you, ask what you can do for your country.” I took his message to heart when

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Why Does Fake News Exist? A Look Inside A Highly Lucrative Business

66 Comments / Entrepreneurship / By Financial Samurai

Fake news is a problem that doesn’t look like it’s going away anytime soon. When Trump was president, it was fascinating to witness the war between Trump and the mass media, especially CNN. The rare press conferences he hosted were entertaining to watch if you were stuck on the toilet longer than normal one morning.

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Average Consumer Expenditure Per Year Proves Americans Are Living The Dream

61 Comments / Budgeting & Savings / By Financial Samurai

We know the average spending for American households over the age of 65 is a surprisingly high $45,756 a year or $3,800 a month according to the Bureau of Labor Statistics. Now let’s look at the average consumer expenditure per year in more detail. Given the average Social Security benefit is only $17,532 a year,

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