As the wealth gap continues to widen, it may be beneficial to learn how to convince people you are middle class when you’re actually rich. Otherwise, you might become target enemy number one when the revolution comes! To get things out of the way, I feel rich. Not only do I feel rich, but I […]
How To Convince People You Are Middle Class When You’re Actually Rich Read More »
The ideal withdrawal rate for retirement does not touch principal. Ideally, you want to live off your retirement principal income for the rest of your life. This way, you won’t have to stress about running out of money. Further, if you never touch principal, you can leave a legacy for your children and charities following
The Ideal Withdrawal Rate For Retirement Does Not Touch Principal Read More »
If you want to be happy, don’t make over $400,000 a year at your job. It usually requires long hours and lots of stress to make over $400,000 a year. In addition, you’ll have to pay a 35% federal marginal income tax rate. Any envy you may have about people making high incomes is often
Don’t Make Over $400,000 A Year: Look At How Goldman Analysts Suffer Read More »
The ideal financial scenario in retirement is steady income and conservative returns. Financial loss creates stress. And given stress kills, your goal as a retiree should be to remove as much stress from your life as possible. The older and wealthier you get, the more you want to move your money into the background of
The Ideal Financial Scenario In Retirement: Conservative Returns, Steady Income Read More »
There are two different retirement philosophies that will determine your safe withdrawal rate. It is up to you to decide which retirement philosophy is best for you. There is no right or wrong retirement philosophy. The first retirement philosophy is to spend all your money before you die. In other words, you wish to accomplish
Two Retirement Philosophies Will Determine Your Safe Withdrawal Rate Read More »
Curious to know the ideal net worth for retirement? As someone semi-retired in 2012 at age 34 with $3 million, let me tell you. $10 million sounds like the ideal amount of money to retire with. With $10 million in investable assets, you can easily generate between $300,000 – $500,000 of low-risk investment income. I
10 Million Dollars: The Ideal Net Worth Amount For Retirement? Read More »
As someone who plans to re-retire by December 31, 2027 after grinding during the pandemic, I’ve been thinking about how much investment risk to take in retirement. You see, once you retire, your goal is to stay retired and enjoy the rest of your life free of financial worry. After all, first rule of FIRE
How Much Investment Risk To Take In Retirement: Different Portfolios Read More »
As of September 3, 2024, NewRetirement has been rebranded as Boldin, to appeal to a wider and younger audience. Boldin’s retirement planning software is for DIY investors and retirement planners, and is also being sold to corporations as an employee benefit. So in this NewRetirement, Boldin review, I will refer to the company as Boldin
NewRetirement (Boldin) Review: An Excellent Retirement Tool Read More »
President Biden has stated he will raise taxes on individuals making over $400K and married couples making over $450K to pay for his $1.8 trillion American Families Plan. Once you make more than $400K/$450K a year, President Biden wants to raise the marginal income tax rate from 37% to 39.6%. This is the return to
Surviving Off A $400K Income Biden Deems Rich Enough For Higher Taxes Read More »
The best time to retire may be under a Democratic President. Democratic Presidents tend to create larger social and financial safety nets paid for by higher taxes. For those who are close to retirement or constantly thinking about retirement, this post is dedicated to you. In general, I’ve tried not to rely on the government
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