The Setting Every Community Up For Retirement (SECURE) Act recently passed and it will go into effect for all Americans in 2020. There is now the SECURE Act 2.0 for retirees to consider This article goes through the retirement benefit changes for the original SECURE Act. The goal of the SECURE Act is to make […]
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Financial targets are always moving. Just when you reach one financial target, another financial target is often made. The reason for the change is due to hedonic adaptation. We humans always seem to want more! To make sure you’re being financially responsible, always look at the latest economic data to determine whether you’re saving enough,
Financial Targets Are Always Moving: Follow Your Own Compass Read More »
Good news! It just got a little bit easier for everyone 40 and under to become 401(k) millionaires by the time you turn 60. The maximum 401(k) contribution limit for 2021 is $19,500, the same from 2020. Meanwhile, the combined employer and employee contribution limit rises by $1,000 to $58,000. In other words, your employer
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The largest severance package is over one billion dollars! Let me share with you who got such a record severance package amount and why you can negotiate a severance package as well. Over the years, I’ve received some doubt from three types of people regarding the feasibility of negotiating a severance package. The first set
The Largest Severance Package Ever For Destroying A Company Read More »
I have a guest post from one of my fellow blogger, Joe from Retire by 40. Joe is good guy who also happily does his own thing. I’ve known Joe for about 14 years and we live quite similar lives. The main difference is that he was able to convince his wife to continue working
How I Convinced My Wife To Continue Working After I Retired Early Read More »
One of my favorite income streams is rental property, especially when conditions are favorable for raising rent. I’ve bought several rental properties over the past decade and plan to continue buying more. A particularly popular rental I have is a two bedroom, two bathroom condo with parking and a view of a nice park. It’s not
How To Raise The Rent, Extend A Lease And Earn More As A Landlord Read More »
Recessions tend to hit every 7-10 years. We had a massive recession in 2008-2009. We’ve had another unforeseen recession in 2020, and then a bear market in 2022. Therefore, let me share some thoughts on buying property ahead of a potential recession. There is a decent probability we will end up in a recession over
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Do you want to retire early with kids? I’m sorry, but it is nearly an impossible task. As a father of two children now, I look back and feel like retiring early without kids was a walk in the park in comparison. Retiring early with kids is at least three times harder than retiring without
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Thanks for all the recent support about keeping Financial Samurai going! Your encouragement is greatly appreciated. One feedback I got was that readers would like to hear more from a woman’s journey to financial independence. I thought who better to share her thoughts than my wife, Sydney. Sydney is the CFO of Financial Samurai and
A Woman’s Journey To Financial Independence: From Broke To Freedom Read More »
Revealing your financial independence plans too soon is a mistake. As the pioneer of the modern-day FIRE movement who has established FIRE rules, premature revelation is a no-no! When I started Financial Samurai in July 2009, I only told my Japanese colleague who sat next to me, nobody else. I didn’t want any colleagues who
Warning! Beware Of Revealing Your Financial Independence Plans Too Soon Read More »
