Are you exhausted from work and wondering is early retirement worth it? I’m here to give you some perspective after retiring in 2012 at age 34. Since 2012, I’ve done some part-time consulting. I’ve written over 1,000 personal finance articles on Financial Samurai. My wife and I traveled the world. And we had two children. […]
Is Early Retirement Worth It? Thinking Of Quitting My Job Read More »
The following is an April 12, 2012 guest post from Mr. Money Mustache (MMM) about early retirement. As someone who kickstarted the modern-day FIRE movement in July 2009, I let MMM guest post on Financial Samurai to help spread the word. He had recently started his blog to focus on what we now call Lean
Early Retirement: It’s Not As Risky As You Might Think Read More »
As an early retiree since 2012, let me share with you the secret to early retirement. I originally wrote this post in 2010 when I was desperately seeking to leave my arduous finance job. I had been working in banking for 11 years and was completely burned out. Now that I have more than a
The Secret To Early Retirement Is So Simple And Logical Read More »
Retirement is great for the most part, but there are some downsides that few people talk about. When you have all the time in the world, it can get a little lonely if you have nobody to spend it with. The best retirement situation is if both husband and wife can retire and experience absolute
How To Save For Retirement And Retire Early As A Couple Read More »
If someone informed you that, as of January 2024, you could invest in a financial product offering a fixed, guaranteed return of nearly 6% for up to 10 years, would you consider it? If your answer is yes, continue reading about the Multi-Year Guaranteed Annuity, or MYG Annuity for short. Due to current financial conditions,
The Multi-Year Guaranteed (MYG) Annuity For Retirement Read More »
Want to save more for retirement? Good. People are not saving enough while working, which will hurt them when they are old. The key to saving more for retirement is properly forecasting your future. By the time you’re old, tired, and unmotivated, you want to have saved up enough passive income to cover your living
How To Save More For Retirement If You Don’t Make Much Money Read More »
It’s hard enough to retire early, say before age 45. However, I’ve discovered it may be even harder to stay retired once you retire early! As I was going through my archives, I realized I had a master plan to re-retire by September 1, 2022, several months after my 45th birthday. Given the birth of
Why It’s So Hard To Stay Retired Once You Retire Early Read More »
The 60-day rollover rule enables you to borrow money from your retirement plans tax- and penalty-free. You can utilize the rule once a year. However, in general, I don’t think it’s wise to borrow from your retirement plans. If you do, you may get into the habit of robbing your retirement future. You may also
The 60-Day Rollover Rule To Borrow From Your Retirement Plans Read More »
The SECURE 2.0 Act passed in 2022 and became law in 2023 and beyond. The legislation provides a series of benefits to help strengthen the American retirement system and encourage more Americans to save for retirement. There is a massive difference between what Americans think they need in retirement versus what they’ve actually saved in
SECURE Act 2.0 Retirement Benefits: A Complete Review Read More »
I wrote about the various paradoxes of wealth based on a Charles Schwab Modern Wealth Survey. In this article, I want to highlight another wealth paradox based on the amount people expect they need in retirement versus how much they actually have. According to this new data, I’m convinced Americans really don’t know how much
How Much People Want In Retirement Vs. How Much They Actually Have Read More »
