Americans seem financially unprepared. According to an American Psychological Association survey, 72% of Americans say they’ve felt stressed about money at some point in the last month. Meanwhile, as many as 50% were so stressed out they admitted to not being able to sleep. Is that you? Hope not, because this is Financial Samurai! If
Are Americans Really So Financially Unprepared? Read More »
Since writing, The Dark Side Of Early Retirement, I’ve sometimes wondered whether writing about early retirement hurts society and the very people who decide to leave the work force early. Being able to do what you want when you want sounds great. But is it healthy? Let’s look at all the reasons not to retire
Rejecting Reasons Not To Retire Early And Live Your Dreams Read More »
Millennials tend to get a bad reputation for work ethic, money management, and common sense. The term quiet quitting was invented by Millennials during the pandemic as a way to not work more. But perhaps this is not fair as every older generation tends to bag on younger generations. However, if you’ve gotten a sense
No Wonder Why Millennials Don’t Give A Damn About Money! Read More »
Let’s go through a new year checklist for financially wise people. If you want to build wealth, then you need to be methodical in your financial decisions. The great thing about the Financial Samurai community is that most of you are intelligent, hard working, non-delusional people who are willing to put in effort for reward.
New Year Checklist For Financially Wise People Read More »
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 »
