The Financial Independence Retire Early Community is going through a test during the coronavirus pandemic. Let me share how the FIRE community is holding up and what now that things have improved. Imagine a situation where both you and your spouse have no day job income. You guys have two children under three to feed. […]
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As the one of the modern-day FIRE movement pioneers, I always encourage people to save until it hurts each month. Are you wondering: How much do I need to save to retire early? We’ll discuss this topic in this post. I “retired” in 2012 at age 34 and went through an aggressive savings regiment since
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The best free retirement planning tool online is made by Personal Capital. I’ve used them since 2012 and have seen my wealth skyrocket during this time period. Most people just guesstimate how much they’ll have in retirement without truly calculating all the surprise costs that pop up once they no longer work for a living
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Going through a pre-retirement checklist to prepare for post-pandemic life is a smart move. Like packing for a long trip, it’s easy to forget something you may end up regretting not bringing without such a checklist. Personally, I’m planning on re-retiring soon, hence the reason why I wrote this post. Retiring from a job after
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The ideal withdrawal rate for retirement does not touch principal. Ideally, you want to live off your retirement principal income for the rest of your life. This way, you won’t have to stress about running out of money. Further, if you never touch principal, you can leave a legacy for your children and charities following
The Ideal Withdrawal Rate For Retirement Does Not Touch Principal Read More »
The ideal financial scenario in retirement is steady income and conservative returns. Financial loss creates stress. And given stress kills, your goal as a retiree should be to remove as much stress from your life as possible. The older and wealthier you get, the more you want to move your money into the background of
The Ideal Financial Scenario In Retirement: Conservative Returns, Steady Income Read More »
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
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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
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