As more people look to retire early, more people are looking for shortcuts in order to reach early retirement quicker. Some hate their jobs so much they are willing to retire early and live in poverty! Instead of retiring early to live in poverty or near poverty, wouldn’t it be better to find a different […]
The Amount Of Money Needed To Retire Early And Live In Poverty Read More »
I’ve finally discovered the best reason to retire early. A longer steady-state period of happiness. It has taken me 10 years of fake retirement to come up with this epiphany because I had to experience the process myself. In the past, I’ve written that early retirement isn’t all sunshine and rainbows. I went through plenty
The Best Reason To Retire Early: Years Of Greater Happiness Read More »
In 2022, my wife and I paid off our vacation property mortgage after 15 years of ownership. Now that it’s been a while since we paid off the mortgage, I realized there is a triple benefit to paying it off early. I didn’t realize one of these benefits when we paid off another rental property
The Triple Benefit Of Paying Off Your Mortgage Early Read More »
Contrary to popular belief, the ideal retirement age isn’t as soon as possible. Retire too soon and you may feel empty for never living up to your true work potential. Retire too late and you might always be left wondering what could have been if you had changed course sooner. For example, a 35-year-old couple
The Ideal Retirement Age To Minimize Regret And Maximize Happiness Read More »
In February 2012, I decided to negotiate a severance to break free from corporate life. By mid-June 2012, I had received a severance check and the last of my three months of WARN Act pay. More than thirteen years of fake retirement later, I want to share with you some of my biggest takeaways. Overall,
10+ Years Of Fake Retirement Later: The Most Important Takeaways Read More »
While working in finance, I fantasized about travel blogging. I saw a bunch of people write about all the new places they visited. They chronicled the food they ate and the activities they did while making money online. Given their niche was travel, they could also deduct their travel expenses from their online income. It
Travel Blogging: One Key To A Happier Retirement Read More »
The following is a guest post from a long-time Financial Samurai reader named Joona. He shares his secret to retiring at age 41 with a $4 million net worth, a wife, and two kids ages three and six. I really love hearing about early retirement case studies and how my writing has helped people reach
My Secret To Retiring Early With Only A $4 Million Net Worth And Two Kids Read More »
If you want to build above-average wealth, you need to be dynamic in thought and in action. The world is ever-changing, which is why you should stay flexible. This is why having a dynamic safe withdrawal rate in retirement will help you build more wealth and increase your survivability. Those who remain rigid will suffer
Your Dynamic Safe Withdrawal Rate In Retirement Can Now Increase Read More »
Sequence of returns risk refers to the risk of receiving lower or negative returns early in a period when withdrawals are made from an investment portfolio. Withdrawals are made from an investment portfolio usually during times of financial duress or more traditionally, during retirement. If you happen to retire before a bear market hits, you
Sequence Of Returns Risk And How It Affects Your Retirement Read More »
One of the things I enjoy is debating with still employed people about the appropriate withdrawal rate in retirement. I like hearing about all their money plans for after they leave a steady paycheck behind. The debate is not really a debate as I mostly just listen so that I can have something to revisit
Your Withdrawal Rate In Retirement Will Go Down In A Bear Market Read More »
