No, all caps in FIRE up your retirement isn’t a typo. It’s an acronym for Financial Independence – Retire Early. When I started blogging in late 2017, I discovered this vibrant personal finance blogging FIRE community. To my surprise, this …
The financial independence and early retirement movements can feel large, active, and mysterious all at once. Even though I am personally a blogger and a long-time reader, I had questions. To make matters more complex, this community does not have …
Want to retire at 55? Will $300,000 be enough? I talk a lot about the feasibility of semi-retirement, so let’s get into some specific examples. Let’s say your goal is to retire at 55 — still much younger than the …
You don’t have to have a 6-figure income, save >50%, or work until your late 60s to have a fulfilling retirement. In fact, semi-retirement options are most beneficial for people with moderate incomes. It can even help you exit your …
The pandemic can be a complex concept to process emotionally. The virus is affecting so many areas of our lives — health, relationships, education, work, hobbies… and of course, finances. Some families are experiencing a serious crisis, while others are …
Last week I shared my interview with Myles Wakeham. I appreciate everything that Myles shared, and I enthusiastically agree with much of it. However, there were, frankly, things that I disagreed with. But that is valuable too, and I was excited …
You may see people claim that you should plan to replace a certain percentage of your pre-retirement income or expenses, like 70%-80%. Do not use these rules of thumb for your planning because they’re not taking into account the main …
The idea behind both semi-retirement and FIRE is to save diligently in the beginning of your career so that you can have more freedom later. This is what I call Step 1 in the Semi-Retire Plan. As a result, it …
Here we are again. Black Friday. Touted as the biggest shopping day of the year, Black Friday also bears the distinction as the beginning of holiday season shopping and is a crucial time of year for the economy. In fact, …
There are many retirement account types, and each type has its own tax implications. There are seemingly dozens of hidden workarounds — for example, even if you are over the income limit for a Roth IRA, you can actually still …