At 48 With $4.5M in Assets—Is It Time to Walk Away From Work?
Some people can’t wait to escape a bad job situation. But if you like your job, the decision to leave it may not be an easy one — even if you no longer need…
Personal Finance
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My Mother Ruined My Credit Score – How Can I Fix It Before Buying a House?
Unfortunately, as soon as your credit falls below a certain level, challenges can mount, not only with how to get it back up but also with what limitations a low credit score can result…
Is My Dad’s $15K 401(k) Tax Bill Actually My Problem?
Dealing with added financial liabilities upon the passing of a loved one can really feel like a few ounces of salt poured into one’s deep wound. And while more stress is the last thing…
I Love My PayPal Debit Card – How I Earn 5% Back on Groceries and Apparel
It pays dividends to use the right credit or debit card at the checkout counter. Undoubtedly, some consumers value simplicity and ease-of-use with any old credit card, typically those that don’t have hefty annual…
Is Aiming for $10M in Savings Enough for Early Retirement?
The pursuit of $10 million for early retirement is a popular goal in the Fat FIRE community. It is often viewed as a benchmark for true financial independence as it can provide a significant…
These Are the Factors That Could Affect Your Social Security Payments
More than 10,000 baby boomers are making the transition to becoming retirees on a daily basis in the U.S. alone. The massive demographic shift we’ve seen in recent years has really been quite remarkable,…
Is It Possible to Retire By 35 If You’ve Banked $1 Million?
While not universally true, there is some truth to the idea that many people would love to retire as early as possible. If you can do so, it would be great to get away…
Baby Boomers Used to Love Gifting Savings Bonds – Here’s Why No One Does It Anymore
For many baby boomers, receiving savings bonds as a gift was a rite of passage. Whether we’re talking about major life events like birth, graduations, weddings or other celebratory events, passing along a savings…
$40K used cars, $200K in 529s, and $20K+ a year in extras—are we underestimating the real cost of college years?
A Reddit user is hoping to retire early, but he isn’t sure what to do about covering college costs for his kids. He is afraid that the $200K he was planning to put into…
Is Financial Independence the Same as Being Rich? My Thoughts on Budgeting and Wealth Perception
If there is a question that people in the FIRE (financial independence, retire early) world love to discuss the most, it’s at what number you truly become “retirement ready.” There’s a number that everyone…
Is $2 Million Still Enough to Retire on in the U.S.?
If you have $2 million in your retirement nest egg, you have considerably more money than most people have saved for their future. You may think that with multiple seven figures saved that you…
Is $5 Million the New Baseline for a Comfortable Retirement in America?
If you have successfully achieved a $5 million-dollar net worth, it’s absolutely time to look back and feel incredibly grateful, as only 0.1% of retirees have achieved this number. This dollar amount isn’t an…
6 in 10 Side Hustlers Hope to Go Full Time – Should You Make the Leap?
In the last few years, especially with the COVID-19 pandemic, the rise of side hustles has taken the world by storm. Ten or even twenty years ago, the idea of working a second job…
I’m 61 and Being Forced To Retire, How Do I Share With Others??
It’s unfortunate that in much of today’s workforce, there is a point at which you “age out” of your role. Whether it’s because of the workload, physicality, or other business guidelines, far too many…
Why I Refuse to Work Until 70 – A Call for Early Retirement and Financial Freedom
A Reddit user is bucking the traditional path, and he’s not sorry about it. The poster explained that he has been dedicated to working towards financial freedom and is planning early retirement because he…