Are you looking to learn how to better manage your 401(k) for retirement success? You’re in the right place. At 34, I managed to grow my 401(k) to over $500,000 during my relatively short 13-year career working in finance. Today, my 401(k) is now worth over $1,200,000, which is now a rolled over IRA after […]
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If you don’t want to work all your life you need retirement savings. If you want to retire before the traditional age of 65, then you need a ton of after-tax retirement savings to generate enough passive income. Let’s take a look at the average retirement savings for Americans. Unfortunately, the average American retirement savings
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There are plenty of retirement calculators out there, but which one is the best retirement calculator? I’ve tested out over 20 retirement calculators since 2012 and all aren’t very good because none of them use your actual income and expenses. Most people just guesstimate how much they’ve been spending on average over the past year or
Best Retirement Calculator: Empower Personal Capital’s Retirement Planner Read More »
The Empower (Personal Capital) Retirement Planner is an excellent tool for analyzing how much retirement cash flow you will have compared to your retirement expenses. When it comes to planning for retirement, you cannot be too careful because there is no rewind button in life. Do you really know how much you need to retire?
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Congratulations for thinking about retirement! The key to retirement is saving more money. Too many people wake up old one day and realize, “Oh crap! Where did all my money go?!” As a result, they end up having to work long after they want to retire. Is there any wonder why there are so many
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If you don’t have an endless amount of money, deciding whether to invest for retirement or pay down mortgage debt is a common dilemma. Paying off your debt means reduced stress, lower risk exposure, and a greater ability to withstand personal emergencies. But if you don’t pay off your mortgage debt in full, your mortgage
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Ever since achieving financial independence in 2012 – where my investment income covers my desired living expenses – I’ve run into the Internet Retirement Police (IRP) at least once a month. The Internet Retirement Police are those people online who have nothing better to do but to criticize your way of life after you achieve
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Planning for retirement is a big ordeal in itself. Throw a divorce on top of that and things can quickly spiral out of control. If your marriage isn’t working out, it’s crucial to know how to prevent divorce from ruining your retirement plans and finances. Divorce is the #1 destroyer of wealth today, followed by
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FIRE stands for Financial Independence Retire Early. FIRE FOMO stands for Financial Independence Retire Early Fear Of Missing Out. What a mouth full! Whenever there is something hot and trendy it’s natural for more people to want to have or pursue that hot and trendy something. FIRE is extremely trendy right now because the stock
FIRE FOMO: The Desire To Retire Early When You Really Can’t Read More »
Are you looking options for terminating a car lease early? Since the pandemic began, there’s been an increase in people looking to terminate a car lease early to save money. During recessions, terminating a car lease also becomes a bigger thing. In difficult times, it’s important to cut costs and boost savings. With a potential
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