If you want to build above-average wealth, you need to be dynamic in thought and in action. The world is ever-changing, which is why you should stay flexible. Those who remain rigid will suffer the consequences: less money, fewer friends, less meaning, and lower levels of happiness. If you don’t believe me, identify the unhappiest […]
Your Dynamic Safe Withdrawal Rate In Retirement Can Now Increase Read More »
Wow! Even Tom Brady is going back to work after experiencing sequence of returns risk after retiring. Playing for 23 years in the NFL is a lot. At age 44, I hope he doesn’t injure himself. I’m on a retirement kick, so let’s keep the subject going. Sequence of returns risk refers to the risk
Sequence Of Returns Risk And How It Affects Your Retirement Read More »
One of the things I enjoy is debating with still employed people about the appropriate withdrawal rate in retirement. I like hearing about all their money plans for after they leave a steady paycheck behind. The debate is not really a debate as I mostly just listen so that I can have something to revisit
Your Withdrawal Rate In Retirement Will Go Down In A Bear Market Read More »
Years ago, I announced why I’m paying down my mortgage early. I ended up paying off a mortgage in 15 years and feel great about it. As an early retiree who started the FIRE movement in 2009, I suggest paying off your mortgage early too. Ideally, we should all pay down our mortgage before we
Why I’m Paying Down My Mortgage Early And Why You Should Too Read More »
Lean FIRE (Financial Independence Retire Early) is being able to retire before the conventional age of 60+ with a very lean budget and simple lifestyle. For background, I helped kickstart the modern-day FIRE movement in 2009 when I started Financial Samurai. Lean FIRE means your investments can only cover your basic necessities like food, transportation
What Is Lean FIRE? The Minimalist’s Way To Retire Early Read More »
You may not realize this, but a health savings account (HSA) can be used as a retirement vehicle. If you’ve maxed out your 401(k) and IRA contributions, maxing out an HSA could be another source of retirement funds. A health savings account offers triple tax savings because you contribute pre-tax dollars, pay no taxes on
Using A Health Savings Account As A Retirement Vehicle Read More »
Financial Samurai was started in 2009 and is one of the top personal finance sites online with over 1.5 million organic pageviews a month. Financial Samurai is also one of the pioneers of the modern day FIRE movement, encouraging people to smartly save, invest, and live off their passive income to life a life of
Financial Samurai Net Worth And Retirement Income Read More »
Imagine retiring by age 40. You may have to prepare for a 50-year retirement! Traditionally, the average American retires by age 65 and prepares for a 20-25-year retirement. However, with the median life expectancy increasing and more people desiring to retire earlier, we must plan for even more unknowns. Further, return assumptions for stocks, bonds,
Preparing For A 50-Year Retirement With Vanguard’s New Return Assumptions Read More »
My wife and I moved to San Francisco in 2001, and after 18 years, we finally decided we’ve had enough. Our plan now is to cash out of the tech IPO boom and move to Hawaii to semi-retire in our early 40s. Selling property now sounds like a good idea with the housing market is so
Selling Property During The Tech IPO Boom And Retiring Early To Hawaii Read More »
The sooner you can plan for retirement the better. Too many people wake up 20 years from now and wonder where all their money went. By having specific retirement goals by age, you will be much better off than if you just decided to wing it. Retirement planning – and indeed financial planning in general
Retirement Goals By Age For A Better Life Read More »
