Retirement

Thank goodness the stock market, real estate market, and economy are all rebounding since the worst of the coronavirus hit in early 2020. That said, here are important details investors should know about the coronavirus. The coronavirus is likely here to stay even though we have multiple vaccines. Coronaviruses are actually a group of viruses that cause diseases […]

The following is a guest post from a 25-year-old Financial Samurai reader who lives in Washington, DC, makes $55,000 a year and maxes out his 401(k). He believes maxing out your 401(k) is a choice on an average income. For those of you who feel like you can’t max out your 401(k), maybe this post

Are you thinking about retiring in Mexico? It’s a beautiful, affordable country with a rich history and warm culture. First of all, when you think of Mexico what comes into your mind? I think of hot summers, tequila, mouth watering salsa, and friendly people to name a few. Retiring In Mexico? Exploring Baja California Sur

According to Fidelity, as of end-2023, the latest average 401(k) account balance is $106,500. Fidelity holds 16.2 million 401(k) accounts, including my Solo 401(k). Fidelity is consistently ranked as one of the largest 401(k) providers in the country. The latest 401(k) balance by age naturally increases the older one gets. The median 401(k) account balance,

In 2019, Personal Capital, launched a new high-yield savings account with aggregated FDIC insurance that covers balances up to $2 million. They called this Personal Capital Cash. Empower Retirement then acquired Personal Capital in 2020. Now in 2023, Personal Capital Cash is renamed Empower Personal Cash with all the same great features. The Empower Personal

As one of the pioneers of the FIRE movement in 2009, unfortunately, $5 million is barely enough to retire early with a family in a large city. It might sound ridiculous to you. But I assure you that thanks to inflation, retiring early is now tougher than ever before. Not only do you need to

The following is a guest post on money thoughts from David, a Financial Samurai reader and ex-government bond strategist in his 60s. David shares his money thoughts from a boomer retiree’s perspective with cancer. We had a fantastic exchange over e-mail and I invited David to share his wisdom about money. After all, the best