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 […]
Two Retirement Philosophies Will Determine Your Safe Withdrawal Rate Read More »
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 $300,000 – $500,000 of low-risk investment income. I
10 Million Dollars: The Ideal Net Worth Amount For Retirement? 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
How Much Investment Risk To Take In Retirement: Different Portfolios Read More »
As of September 3, 2024, NewRetirement has been rebranded as Boldin, to appeal to a wider and younger audience. Boldin’s retirement planning software is for DIY investors and retirement planners, and is also being sold to corporations as an employee benefit. So in this NewRetirement, Boldin review, I will refer to the company as Boldin
NewRetirement (Boldin) Review: An Excellent Retirement Tool Read More »
President Biden has stated he will raise taxes on individuals making over $400K and married couples making over $450K to pay for his $1.8 trillion American Families Plan. Once you make more than $400K/$450K a year, President Biden wants to raise the marginal income tax rate from 37% to 39.6%. This is the return to
Surviving Off A $400K Income Biden Deems Rich Enough For Higher Taxes Read More »
The best time to retire may be under a Democratic President. Democratic Presidents tend to create larger social and financial safety nets paid for by higher taxes. For those who are close to retirement or constantly thinking about retirement, this post is dedicated to you. In general, I’ve tried not to rely on the government
The Best Time To Retire May Be Under A Democratic President Like Biden Read More »
Want to retire earlier? Don’t want to both retire early and live the dream life? Then learn how to convince your spouse or partner to work longer! This way, you can kick back and live the early retirement dream lifestyle! One can either work hard for their wealth, inherit their wealth, or marry into wealth.
How To Convince Your Spouse To Work Longer So You Can Retire Earlier Read More »
Your net worth can be calculated in many different ways. Let’s explore how your net worth is calculated according to wealth managers and socialists. After all, with Joe Biden as President, there’s more hyperbole talk about socialism coming back to America. One of the common beliefs I’d like to overturn is the idea that one shouldn’t count their primary residence as
Calculating Your Net Worth According To Wealth Managers And Socialists Read More »
Is earning $1 million a year, at least a top 1% income, enough to retire early? Most would say yes. However, some people who earn $1 million a year having a hard time letting that money go. After all, all you’ve got to do is work one more year and you will make another $1
When Earning $1 Million A Year Isn’t Enough To Retire Early Read More »
Knowing the historical 401k contribution limits is important for understanding how much you can really save in your 401k each year. When most of us think about how much we can contribute to our 401(k), we only think about how much we can contribute as an employee. Instead, think also about how much an employer
Historical 401(k) Contribution Limits: Employer Profit Sharing Is Significant Read More »
