There are two different retirement philosophies that will determine your safe withdrawal rate. It is up to you to decide which retirement philosophy is best for you. There is no right or wrong retirement philosophy. The first retirement philosophy is to spend all your money before you die. In other words, you wish to accomplish […]
Two Retirement Philosophies Will Determine Your Safe Withdrawal Rate Read More »
Curious to know the ideal net worth for retirement? As someone semi-retired in 2012 at age 34 with $3 million, let me tell you. $10 million sounds like the ideal amount of money to retire with. With $10 million in investable assets, you can easily generate between $350,000 – $500,000 of low-risk investment income. I
10 Million Dollars: The Ideal Net Worth Amount For Retirement? Read More »
Are you wondering is five million dollars enough to retire comfortably? Five million dollars is a lot of money. But depending on where you live, when you retire, and how many dependents you have, five million dollars may not be enough to retire comfortably. Today, $3 million is the new $1 million, largely due to
Is Five Million Dollars Enough To Retire Comfortably Or Early? Read More »
As someone who plans to re-retire by December 31, 2027 after grinding during the pandemic, I’ve been thinking about how much investment risk to take in retirement. You see, once you retire, your goal is to stay retired and enjoy the rest of your life free of financial worry. After all, first rule of FIRE
How Much Investment Risk To Take In Retirement: Different Portfolios Read More »
As someone who helped ignite the modern day FIRE movement back in 2009 when Financial Samurai began, I’m amazed at how popular the movement has come! There are so many different types of FIRE to fit different people’s lifestyles. Today, we’ll discuss what is Coast FIRE and whether it’s the right type of FIRE for
What Is Coast FIRE And Is It The Right Retirement Path For You? Read More »
As of September 3, 2024, NewRetirement has been rebranded as Boldin, to appeal to a wider and younger audience. Boldin’s retirement planning software is for DIY investors and retirement planners, and is also being sold to corporations as an employee benefit. So in this NewRetirement, Boldin review, I will refer to the company as Boldin
NewRetirement (Boldin) Review: An Excellent Retirement Tool Read More »
Suze Orman is right. In order to retire early, you need at least $5 million in investable assets. With interest rates so low, it takes a lot more capital to generate the same amount of risk-adjusted income. Before the coronavirus pandemic, there was maximum Fear Of Missing Out (FOMO) with the Financial Independence Retire Early
Suze Orman Is Right: You Need $5 Million Or More To Retire Early Read More »
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
Social Security Strategies For A Better Retirement Read More »
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 nine years since I paid off my rental property mortgage. It was a mortgage
The Biggest Downside To Paying Off Your Mortgage Early Read More »
