Social Security is America’s national pension fund. This post will explore Social Security strategies for a better retirement. In its current state, Social Security is underfunded by roughly 25%, especially after tremendous deficit spending to save the economy from the pandemic. A 25% underfunding means whatever Social Security payment that is promised to you once […]
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Is earning $1 million a year, at least a top 1% income, enough to retire early? Most would say yes. However, some people who earn $1 million a year having a hard time letting that money go. After all, all you’ve got to do is work one more year and you will make another $1
When Earning $1 Million A Year Isn’t Enough To Retire Early Read More »
If you’re focused on paying off your mortgage, good for you. It’s generally always good to pay down debt. However, I’d also like to share with you the biggest downside to paying off your mortgage that may surprise you. It’s been seven years since I paid off my rental property mortgage. It was a mortgage
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Are you wondering which states are best for retirement? As a retiree since 2012 let me share the best states for retirement based on taxes, weather, and lifestyle. My method for calculating the best states for retirement are objective and logical. In retirement, you want to live in a place that has reasonable taxes. Every
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There are good times to retire early and then there are bad times to retire early. I’d like to highlight the worst times to retire early to prevent you from living a suboptimal life. As someone who retired in 2012 and mentally un-retired by 2014, I feel it’s my duty to share all the landmines
Top 10 Worst Times To Retire Early (Or Retire Normally) Read More »
There are three retirement goals to shoot for in order to comfortably walk away from your day job and remain retired. They are: Accumulate 25X your annual expenses Accumulate 20X your annual household income Be able to live off a 0.5% annual withdrawal rate Instead of viewing these retirement goals as at odds with each
Reconciling Three Retirement Goals: 25X Expenses, 20X Income, 0.5% Withdrawal Read More »
Partially due to the pandemic, partly due to larger balances, more people are wondering whether they should withdraw funds from a 401k or IRA before retirement to help pay for life. There are plenty of reasons to withdraw money from a 401k or IRA early. Unfortunately, some people go too far and end up using
Legitimate Reasons To Withdraw Funds From A 401k Or IRA Early Read More »
Hopefully, everyone who has access to a 401k is contributing to a 401k. To not do so is a mistake you don’t want to realize when you’re old and unwilling or unable to work. This post will discuss all the top 401k mistakes that hurt your retirement. Let us be clear. The government isn’t going
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If you want to retire early, you must maximize the value of your after-tax investments (taxable investment portfolio and real estate portfolio). It is your taxable portfolio and investments that will generate the passive income necessary to retire early. Better yet, you should try and follow an after-tax investment amounts by age guide to increase
After-Tax Investment Amounts By Age To Comfortably Retire Early Read More »
When Supreme Court Justice Ruth Bader Ginsburg died on September 18, 2020, at 87 years old, the first person I thought about was my 9-month-old daughter. I thought about how RBG fought her entire career for women’s rights so that daughters, mothers, and sisters everywhere could lead better lives. Thank you RBG! I’m not sure
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