The fear of running out of money in retirement is a rational one. After all, you’ve spent your entire career making and saving money, not pilfering your retirement accounts. But as someone who has been retired, or at least semi retired since 2012, I’m here to tell you the fear of running out of money […]
The Fear Of Running Out Of Money In Retirement Is Overblown Read More »
Without healthcare subsidies, healthcare in America is extremely expensive. For example, my family of four is paying $2,633 a month for a Silver plan because we are receiving no healthcare subsidies. We would get a Platinum plan, but it’s simply too expensive. If we reduced our income to be no greater than 400% the Federal
The first rule of financial independence is to never lose money. If you lose lots of money, you ultimately lose lots of time. And time is your most valuable asset. Don’t go too backwards! The second rule of financial independence is to never forget the first rule. Well, no, that’s Fight Club. The second rule
The First Rule Of Financial Independence: Never Lose Money Read More »
If you want to save money, the proper geoarbitrage strategy is not moving to a developing country to save money. That’s too disruptive for most people, especially households with kids. The proper geoarbitage strategy isn’t relocating to another state either. Instead, the the best geoarbitrage strategy is to first look within your own city. This
The Proper Geoarbitrage Strategy: First Your City, Then Your Country, Then The World Read More »
In theory, the maximum possible Social Security benefit in 2021 for someone who retires at full retirement age is $3,148, up 2.6% YoY. However, in order to collect the maximum benefit, you would need to earn the maximum taxable amount for 35 total years. Given the maximum taxable amount was $142,800 for 2021, this was no easy feat. According
The Average Social Security Benefit Is Not Enough For Retirement Read More »
Here are the best rewards credit cards for your review. I’ve spent dozens of hours analyzing the best cash back and sign-up bonuses today. There once was a time I was rich, but never famous as I traveled internationally four times a year for business. Each destination hosted loads of other folks who wanted to
Who Should Get A Black Card? Probably Not You! Read More »
Are you wondering: What should I do before quitting my job? You’re in the right place because I “quit” my job in 2012 and have never been back! Whether you are a millennial with ADD or a parent going through a mid-life crisis, it’s natural to want to do something new after a while. I
What Should I Do Before Quitting My Job? 15 Things To Consider Read More »
Did you know that 41 states currently do not tax Social Security benefits? Both Missouri and Nebraska decided to stop taxing Social Security benefits in 2024. Now that you know, it behooves all of us to retire to states with fantastic weather, great food, and amazing scenery when it’s time to collect Social Security! Taxes and ever-rising
States That Don’t Tax Social Security Benefits Read More »
The majority of us are middle class, defined as neither rich nor poor. Seriously, that’s the official definition of middle class, because depending on who you talk to and where they live, you’ll get different answers. A $50,000 household income for a family of four is absolutely middle class in Des Moines, Iowa. However, in
What’s A Middle-Class Income? Bet You Don’t Know! Read More »
Over the years, many readers have asked, “What does it take to become a Financial Samurai? Do you have a set of core principles to follow?” I resisted putting anything formal together because to do so felt a little bit arrogant and presumptuous. But after 15+ years of running Financial Samurai and having over 1,000
Way Of The Financial Samurai: Core Principles For Achieving Financial Independence Read More »
