Everywhere I go, I hear the benefits of the Health Savings Account, or HSA for short. People say an HSA is one of the best ways to save for retirement. It obviously is a great way to pay for inevitable medical expenses given the tax benefits. But is it worth having a high deductible plan […]
If you don’t have your health, no amount of money is worth it. As someone who has been writing about early retirement and the FIRE movement since 2009, let me emphasize the health benefits of early retirement in this post. There are many benefits of early retirement. Full control of your time is often the
The Health Benefits Of Early Retirement Are Priceless Read More »
There’s nothing better than being financially free. Let’s look at some income profiles of FIRE movement followers. I’ve been writing about FIRE since 2009 and it’s always fascinating to see how other people are living. In “Are You Too Proud To Be Rich?” my goal was to challenge people’s beliefs that going to college, and getting
Income Profiles Of Financially Free People: FIRE Movement Followers Read More »
Do you want to retire early with your spouse? If so, this post will discuss achieving the two spouse early retirement household versus only one spouse retiring early. After all, we often call one spouse retiring early as being a stay at home parent. I firmly believe it’s better for both partners to retire early
Achieving The Two Spouse Early Retirement Household Read More »
The median 401(k) retirement balance is low. With such low median 401(k) retirement balances by generation, it may be harder for a large swatch of Americans to retire comfortably. This post interviews various people with low 401(k) balances who explain why their 401(k) balances are so low. You likely won’t be able to live off
Explaining Why The Median 401(k) Retirement Balance By Age Is Dangerously Low Read More »
Let’s look at the only reasons to ever contribute a Roth IRA in this post. A Roth IRA is a tax-advantaged retirement account where you contribute post-tax contributions. The contributions get to grow tax-free and the withdrawals are tax-free too. If you can contribute to a Roth IRA, then doing so is a way to
The Only Reasons To Ever Contribute To A Roth IRA Read More »
Savings is the foundation of good personal finance. This article will discuss how much savings to accumulate by age so you can achieve financial independence and retire comfortably. It’s important to have savings targets at every age to keep you on track. When it comes to building wealth, you don’t want to just wing it!
How Much Savings Should I Have Accumulated By Age? Read More »
When I retired in 2012, I decided to convert my 401(k) into a rollover IRA. Given I no longer have earned income as an early retiree, I can no longer contribute to my company 401(k). For those of you who are transitioning to a new job, rolling over your 401k is a good idea. Even though
Should I Convert My 401(k) Into A Rollover IRA? Read More »
At the beginning of 2020, I was excited to start applying for jobs after my six-month paternity leave was over in June. After eight years of unemployment, I had done everything I wanted to do. Now with two kids, rising living expenses, and the possibility of a downturn, finding work would be the responsible thing
Staying Unemployed: Why I’m Giving Up On Going Back To Work Read More »
FIRE is a popular topic. But what about the dark side of FIRE? This post shares some poignant FIRE confessionals to help keep things real. When I started writing about achieving financial independence in 2009, there wasn’t a lot of hoopla. We had people mainly discussing how they were building large enough investment portfolios to
FIRE Confessionals: How A Bear Market Has Impacted The Financial Independence Movement Read More »
