Retirement

There is a downside of financial independence that’s worth discussing. The media likes to make it seem that financial independence is the best thing since slice bread. But I’d like to provide more balance. One of the things I was counting on when I published, Being A Landlord Questions My Faith In Humanity, was readers coming […]

If you work at any job long enough, you’ll bound to think about quitting at some point. What if you could negotiate a severance and get paid to quit your job? I did just that in 2012 and received six years of living expenses to walk away! How many months of severance would it take

Let me share why I never contributed to a Roth IRA but why you probably should. I fully admit that I was once an ardent opponent of the Roth IRA in the past. But as a middle-aged father of two young children, I’ve come around. Contributing to a Roth IRA is a great way to

Despite the typical American having less than $150,000 for retirement, the average spending amount in retirement is surprisingly high. According to the Bureau of Labor Statistics data, “older households” – defined as those run by someone 65 and older – spend an average of $45,756 a year, or roughly $3,800 a month. I don’t know

Thank goodness the stock market, real estate market, and economy bounced back 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 in

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,