I don’t have a financial advisor, but I do have a Citigold wealth manager assigned to me for an after-tax investment account. You get one of those after you cross a certain asset threshold. In my case, $250,000. This self-managed account was seeded by my severance check in June 2012 and it has grown quite handsomely since due to
Best Ways To Maximize Your Financial Advisor To Build More Wealth Read More »
When I left my job in early 2012, I made it a goal to achieve a $200,000 annual passive income figure by June 2015. At the time, I had around $80,000 in annual passive income and figured why not shoot for $200,000 in order to never have to go back to work again. In those days, 4% interest rates
A Long Road Home: Financial Samurai Passive Income Update 2017 Read More »
The IRA is a pre-tax retirement vehicle available to most people who work for an employer and make less than $73,000 a year. For single filers who are covered by a company retirement plan in 2018, the deduction is phased out between $63,000 and $73,000 of modified adjusted gross income (MAGI). For married filers, if you are
How Much Should I Have Saved In My IRA At Various Ages? Read More »
Let’s look at some investment strategies for retirement baed on modern portfolio theory. As a retiree, you are focused more on capital preservation since you can’t or don’t want to go back to work. After publishing my post, The Best Asset Allocation Of Stocks And Bonds By Age, I decided to do a comparison of what
Investment Strategies For Retirement Based On Modern Portfolio Theory Read More »
We’ve discussed what it takes to be in the top 1% in net worth by age. Let’s discuss how to live like the top one percent without being rich. Unfortunately, the very definition of top 1% means that 99% of us won’t get there. But once we have a goal, we do infinitely better with our
How To Live Like The Top One Percent Without Being Rich Read More »
According to Fidelity, one of the largest 401k providers in the world with over 12 million accounts, the average 401k balance is now around $120,000 as of 2Q2021. Among employees participating in a 401k for at least 10 years, the average balance hit $251,600, up 12% from a year ago. Separately, Vanguard reported that the
The Average 401k Balance And Why It’s Too Low Read More »
There’s an incredible joy of living within your means. The more you can live within your means, the happier you will become. You will appreciate more of what you have, and desire less of what you don’t. “Do not spoil what you have by desiring what you have not; remember that what you now have
The Joy Of Living Within Your Means Read More »
Imagine going to work and not having a work sponsored retirement plan like a 401k or IRA. Unimaginable right? Employers are already doing away with pensions and Social Security doesn’t pay much. To not have anything may jeopardize an employee’s financial future. It turns out about 50% of Americans work for small businesses, but only
ForUsAll: Solving Small Business Retirement Planning Read More »
After being held in captivity for too long, animals released into the wild tend to die due to starvation or attack. They no longer know how to hunt for their own food or use their claws to fend off predators. Are humans who’ve worked a day job all their lives like the animals we see
The Biggest Net Worth Killer: A Poor Attitude Read More »
“富不过三代 (fu bu guo san dai) = Wealth does not go beyond three generations”- Chinese proverb. Let’s look at how to create multi-generational financial security. My definition of multi-generational wealth is three generations: yours, your children’s and your grandchildren’s. We humans are selfish, especially when it comes to money. Given the past 20 years has
How To Create Multi-Generational Financial Security Read More »
