On ChooseFI episode 605, “Retire in Less Than 10 Years,” Cody Berman described what he called “a financial freedom sprint from 22 to 25.” He scaled his entrepreneurial income from $96,000 in year one…
A savings account with a sign-up bonus pays a one-time cash reward for opening the account and meeting specific conditions. These usually include a minimum deposit that has to remain in the account for…
A 67-year-old software engineer plans to work until 70. Her employer’s high-deductible health plan remains the cheapest coverage she has found, so she maxes her Health Savings Account every January. In May, she files…
She is 64, divorced after a marriage that lasted well over a decade, and never remarried. For years she had been doing the mental math on retirement the same way: her own Social Security…
At 67, an American reaches full retirement age for Social Security. The check is available, indexed for inflation, and guaranteed for life. Yet a growing number of financial planners argue that the smartest move…
Portugal’s Algarve region appears on almost every list of affordable European retirement destinations. The combination of mild winters, Atlantic beaches, walkable towns, and comparatively low living costs has attracted retirees from across Europe and…
Real estate investor Pace Morby recently sat down with the hosts of The Iced Coffee Hour and dropped a line that cuts to the core of the argument for whether it’s best to buy…
A 52-year-old engineering director earning $250,000 with $900,000 in her 401(k) has maxed the elective deferral every year since her early 40s. She, like almost everyone at her income level, has skipped the after-tax…
Colorado Springs sits in a sweet spot that attracts many retirees. It offers mountain views, four distinct seasons, extensive trail systems, and a lower cost structure than Aspen, Boulder, or many Denver suburbs. The…
A 62-year-old with a traditional IRA has been reading the same warnings everyone else has: the RMD tax bomb is coming. Required withdrawals will push him into a higher bracket, make more of his…
A 72-year-old in Phoenix opens a letter from her Medicare Advantage insurer in July. Her cardiologist, the one she has seen for six years, is leaving the network on September 1. Open enrollment does…
Dave Ramsey just gave away the two reasons most people convert to a Roth too late, if they convert at all. The part of his pitch that lands hardest is not about your own…
Making the most of your Social Security can be one of the keys to financial security in retirement. Fortunately, there are simple ways you can increase the amount of income you collect. In fact,…
Margaret turned 75 in March and took her first required minimum distribution from a $3 million traditional 401(k). Using the IRS Uniform Lifetime Table divisor of 24.6 for age 75, that first RMD ran…
Bask Bank is an online-only division of Texas Capital Bank built around a simple premise: pick how you want your savings to earn. The options are cash interest in a high-yield savings account, an…
