Launched in 2008, Wealthfront was one of the first companies on the market to offer automated investing. You might be wondering whether you should investment your money with Wealthfront for retirement. Let me share my thoughts as a personal finance expert since starting this site in 2009. Wealthfront built the broadest suite of services among […]
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Are you asking yourself: How much money do I need by age to retire early? If you want to retire early, you need to have as much of your money in after-tax investment accounts generating passive income as possible. Pre-tax retirement accounts like the 401(k) and IRA are excellent retirement vehicles that reduces your taxable
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FIRE stands for Financial Independence Retire Early. Financial Samurai helped start the modern-day FIRE movement when this site began in 2009. This post will explain the main fundamentals of FIRE so you can decide if it’s a lifestyle worth exploring further for your future. With now over 1 million organic pageviews a month, Financial Samurai
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Thinking of retiring under the Biden administration? It’s not a bad bet given taxes are going up and there is going to be a wider social safety net. However, how do early retires get and pay for health insurance? After all, health insurance is expensive. My family of four personally pays $2,300/month for unsubsidized health
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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
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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
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