Search Results for: early retirement

According to Federal Reserve data, the average savings amount in America was $8,863. Now in 2022, the average amount Americans are aiming to save over the course of the year is $5,710 according to CNBC/New York Life. The personal savings rate is around 7-8% in 2022 as well according to the Bureau of Economic Analysis.

$2 million is a lot of money. But a lot depends on whether the money is liquid or illiquid if you want to retire with millions and be comfortable. If you live an expensive coastal city, retiring with $2 million may be difficult if you have children. Thanks to inflation, it requires having at least

Never quit your job, get laid off with a severance instead. Most people quit because they are too scared to negotiate. Let me share the best severance negotiation strategy as someone who negotiated his own severance and wrote a book on severance negotiations! I’m here to teach you how to negotiate a severance package so

The FIRE Movement might be a bunch of BS if you are a casual observer. There seems to be a lot of people who say they are FIRE, but then continue to make a bunch of money online, from books, from courses, and more. The doubters of the FIRE movement say FIRE bloggers have simply

Dear Financial Samurais, many of you know I love talking about personal finance. But, today I want to take a few minutes of your time to emphasize the importance of mental health. You can have all the money in the world, but if your mental health is poor, you can’t enjoy the things that money

After-tax contributions to your 401(k) is exactly what it means – contributing after-tax dollars after maximizing pre-tax 401(k) contributions. But should you make after-tax contributions? Probably not. Under current regulations, an employee may contribute up to $19,500 of pre-tax earnings to an employer sponsored 401(k) plan ($25,000 if you are age 50 or older). However, the maximum

Are you wondering how to earn higher interest on your cash savings? The best way today is with high-yield savings accounts. The bank with the best rates I’ve seen is CIT Bank. When the pandemic started, interest rates went way down. The Fed Funds rate was cut down to 0% in 2020 and only started

As a real estate investor since 2003 with over $10 million worth of properties, let me share some tips for investing in real estate for beginners. Real estate is my favorite asset class to build long-term wealth. If you’re a beginner, then real estate is great because it is much easier to understand than investing