Why Are People Talking About The 8% Rule For Retirees Now?
The 4% withdrawal rule has been a long-term staple among retirees. The idea behind this rule is that you withdraw 4% of your portfolio each year and use it to cover your living expenses.…
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Marc Guberti
Millennials With $1 Million Saved Are Missing The ‘Second Income’ Banks Will Pay Them Today
It’s a big achievement to save up $1 million. Not only does it give you plenty of financial options, but you can also grow that $1 million into more fortunes. Many banks are willing…
I’m 68 and Don’t Know If It’s Better to Take a $130K Lump Sum or $945 Monthly Pension in Retirement
Pensions provide additional income that can help you in retirement, but most of these plans force retirees to make a big choice: receive a lump sum right now or monthly payouts for the rest…
I make $180k a year playing with giant industrial equipment
The Salary Reddit group is filled with inspiring posts of people who share high salary numbers and their progression. A recent post from a 24-year-old crane operator got some attention. He shares that he…
Dave Ramsey Slammed My Decisions After Making $170K a Year
Dave Ramsey regularly takes calls from people who ask for help with navigating financial obstacles and long-term goals. He’s talked with many people who are living paycheck to paycheck, but this recent call presented…
With over $4 million in the bank, we’re looking to retire later this year – what’s the best strategy for pulling money from our account?
A couple in their mid-30s has amassed a $4.5 million portfolio and is looking to retire this year. The couple shared a post in the Chubby FIRE Reddit group that revealed their finances and wanted some…
I’m quitting my job and going back to school – should I convert my 401k and 401k Roth to just a Roth IRA?
A Redditor is about to quit their job and return to school for a year and posted about it in the Chubby FIRE Reddit group. While it may initially seem odd that this type of post…
My traditional IRA has $1.8 million and my Roth only has $300k – am I doing this right?
A Redditor has amassed millions of dollars in their investment accounts and is looking for the most optimal way to withdraw from retirement accounts. He shared his finances in the Fat FIRE Reddit group and is…
I just retired at 53 and paid off my cash-flowing rental properties – why am I still nervous to spend my nest egg?
You can find a lot of inspiring success stories in the Chubby FIRE subreddit. Some people talk about how they accrued millions, but the group is also filled with people who ask for advice. …
Actor-turned-investor Ashton Kutcher says investing “is like planting seeds; nurture them, and they will grow into something remarkable”
Ashton Kutcher first got into the spotlight as a famous actor, but he’s now become a successful investor. Kutcher has been investing since 2009 and made early investments in Skype and Airbnb. He co-founded…
My family has a history of early death – should I resign from my job and enjoy the money I’ve saved?
A 40-year-old Redditor has amassed an $18 million net worth and plans to retire in the next 12 months. He’s married with one kid and has a W2 household income of $500k. Most of…
We’re in our mid-30s and our family has saved $1 million for retirement – here’s what it’s invested in
The HENRY Finance group is a great resource for advice and inspiring success stories. A 36-year-old Redditor recently posted in the group to share his progress with building his net worth. He has a wife and…
If You Have Over $1 Million Today, See How Much You Can Make
A $1 million nest egg is a game changer, but the assets you choose will impact how much that nest egg grows. Stocks tend to outpace bonds during periods of economic strength, but equities…
Tony Robbins says “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver” – how to take control of your financial journey
Tony Robbins has helped many people master their personal finances. He’s also become a leader in the personal development industry, inspiring people to become better versions of themselves with actionable strategies. You can underline…
I’m Not Yet 40 and Get $200K per Year From My Trust. When Is the Right Time to Retire?
Retirement isn’t an age. It’s an income number. While many people reach a sufficient net income in their 60s or 70s to retire, some people can walk away much sooner. One Redditor finds himself…
Gary Vee says “Retirement isn’t about quitting,” it’s about doing this instead
Gary Vaynerchuk has offered business advice and insights for many years, including a valuable message for retirees. While retirement often starts when people leave their jobs, there’s more to it than quitting. “Retirement isn’t…
I earned $2,000 worth of credit card rewards while raising my credit score from 590 to 715
You can earn a lot of money from credit cards if you use them correctly and pay off your balance at the end of each month. One Redditor posted in the Personal Finance subreddit about earning…
I make $200k a year but I don’t enjoy it and called Dave Ramsey up to see if he thinks I should keep at it or not
A lawyer who makes $200,000 per year recently asked Dave Ramsey for advice in a published YouTube Short. The lawyer explains that he has $88,000 in debt and feels confident about paying it off,…
I want to set my great-grandkids up for success in 70 years – what steps should I take today?
Some people continue to save money until they have achieved their retirement goals. However, others get more ambitious and aim to save enough money for multiple generations. A recent post in the Fat FIRE group demonstrates…
Mark Cuban says “Work like there is someone working 24 hours a day to take it all away from you” – Here’s how hustle fuels success
In a 2011 interview with CNBC, Mark Cuban offered advice for entrepreneurs, side hustles, and employees. He encouraged viewers to “work like there is someone working 24 hours a day to take it all…