Are you wondering whether you can save too much in your 401(k)? After all, if you save so much in your 401(k), you might not have a large enough taxable investment portfolio to generate passive income before 59.5. However, the reality is, you can’t save too much in your 401(k) if you follow my guidelines. […]
You Can’t Save Too Much In Your 401(k) For Retirement Read More »
This post will provide some suggested net worth growth target rates by age. It’s good to have net worth growth targets to help ensure you will retire comfortably. After all, everything is relative in finance. If you’ve got a net worth target of $1 million at age 30, but most people at age 30 have
Suggested Net Worth Growth Target Rates By Age Read More »
There is a dark side of early retirement I want to tell you about. I originally wrote this post in 2011 when I was strongly considering retiring early from banking after 12 years. I was burned out and stopped caring about climbing the corporate ladder or making a lot of money. At the time, I
The Dark Side Of Early Retirement: The Downsides Of Not Working Read More »
There’s one big risk of peer-to-peer lending you might not be aware of. And that’s how addicting peer-to-peer lending can get! When I log into my P2P account to figure out where to dole out my next $1,000 tranche to borrowers, I feel a little bit like President Biden handing out money to his supporters.
One Big Risk Of Peer-To-Peer Lending: You Might Get Addicted! Read More »
Everywhere I go, I hear the benefits of the Health Savings Account, or HSA for short. People say an HSA is one of the best ways to save for retirement. It obviously is a great way to pay for inevitable medical expenses given the tax benefits. But is it worth having a high deductible plan
If you don’t have your health, no amount of money is worth it. As someone who has been writing about early retirement and the FIRE movement since 2009, let me emphasize the health benefits of early retirement in this post. There are many benefits of early retirement. Full control of your time is often the
The Health Benefits Of Early Retirement Are Priceless Read More »
There’s nothing better than being financially free. Let’s look at some income profiles of FIRE movement followers. I’ve been writing about FIRE since 2009 and it’s always fascinating to see how other people are living. In “Are You Too Proud To Be Rich?” my goal was to challenge people’s beliefs that going to college, and getting
Income Profiles Of Financially Free People: FIRE Movement Followers Read More »
Do you want to retire early with your spouse? If so, this post will discuss achieving the two spouse early retirement household versus only one spouse retiring early. After all, we often call one spouse retiring early as being a stay at home parent. I firmly believe it’s better for both partners to retire early
Achieving The Two Spouse Early Retirement Household Read More »
The median 401(k) retirement balance is low. With such low median 401(k) retirement balances by generation, it may be harder for a large swatch of Americans to retire comfortably. This post interviews various people with low 401(k) balances who explain why their 401(k) balances are so low. You likely won’t be able to live off
Explaining Why The Median 401(k) Retirement Balance By Age Is Dangerously Low Read More »
Let’s look at the only reasons to ever contribute a Roth IRA in this post. A Roth IRA is a tax-advantaged retirement account where you contribute post-tax contributions. The contributions get to grow tax-free and the withdrawals are tax-free too. If you can contribute to a Roth IRA, then doing so is a way to
The Only Reasons To Ever Contribute To A Roth IRA Read More »
