A Redditor recently posted in the Fat FIRE subreddit about bridging the gap from now until the couple can tap into their 401(k) plan without incurring penalty fees. One of the spouses is in their late…
If you’re in a position where you are considering using funds from your 401(k) to take out a loan, the bottom line is that you likely shouldn’t. This trend is becoming increasingly popular as…
As awful as it is for the millions of homebuyers nationwide looking to purchase a new home, a 7% mortgage interest rate is a reality. While the hope is that mortgage rates will drop…
If you are a Baby Boomer who feels like your Social Security benefit doesn’t quite stretch far enough, there’s a very good reason for that. Your benefits have been losing ground for decades and,…
The “4% rule” is a retirement golden rule for many who are preparing to leave the labor market. The rule of thumb, which entails withdrawing 4% of your net worth per year to cover…
“The 4% Drawdown Rule” for retirees has become a reference rule of thumb since it was coined by financial advisor William Bengen in 1994. Predicated on various retirement portfolios, Bengen calculated that an approximately…
Social Security serves as a financial lifeline for millions of retired Americans. And there are a lot of retirees who don’t have access to any income outside of those monthly checks. That’s why the…
Saving for your children is a noble goal, which is why I enjoyed reading this post in the Fat FIRE subreddit. The Redditor is a 33-year-old male with a $1 million portfolio. He expects to reach…
A military veteran retired from the army after 35 years and collects $220k per year at 57. That income comes from an army pension, VA disability, TSP, and dividends. The veteran also has a…
It’s perfectly normal to feel a bit uncertain as to how to manage the finances as one begins to wind down for retirement. Undoubtedly, if one hasn’t been a seasoned investor throughout their working…
I have a friend who’s in his early 50s and is ready to retire ASAP after many years in a stressful industry. And from a financial standpoint, he can probably pull it off if…
It can be tough to get back on your feet after getting hit with a layoff, especially if it came from out of left field. Undoubtedly, it would be best for someone to take…
Brevity, they say, is the soul of wit. So today, gaze in wonder upon this Reddit post which, in just 61 words, describes how one custodial worker managed to triple his salary in just…
A 48-year-old Reddit user has a very ambitious goal for his retirement. He’d like to retire in 10 years and be able to spend $600,000 per year in retirement. While he is not currently…
In the next 20 years, an estimated $84 trillion in assets is expected to change hands as older generations pass down inheritances to their children and grandkids. If you’re expecting an inheritance, you…
