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How Much Do You Need for Early Retirement? (How to Calculate Your FI Number)
What’s your financial independence number (FI/FIRE number)? Are you being too conservative, or are you cutting things close? Do you even have one? To…
Why This “Physician on FIRE” Ignored the 4% Rule & Delayed Early Retirement
Why do many wealthy people wait so long to retire? Despite earning a physician’s salary, living frugally, and saving what most would call “more than …
A Better Retirement After Buying Just ONE Rental (and Never FOMO-ing)
Mike Baum owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that h…
HSAs are 🔥: Health Savings Accounts for Early Retirement
This year my family switched from our EPO health insurance plan to a High Deductible Health Plan with a Health Savings Account (HSA).
The Average 401(k) Balance by Age
Money expert Clark Howard says one of the best ways to save for retirement is to take advantage of an employer-sponsored 401(k) plan. No matter your …
Mega Backdoor Roth IRAs & 401k True Ups
You have heard your colleagues talk about this “Mega Back Door Roth” thing? Or perhaps you read about it here on FAANG FIRE and thought i…
How Much Is Too Much When It Comes to Retirement Savings?
When it comes to money, there are two prominent groups. One group says tomorrow is not guaranteed. So live for today. Why save when you may not even …
Should I Take a $700,000 Lump Sum or a $4,200 Monthly Pension?
Sometimes life is kind enough to give us win-win decisions. Would you like this or that delicious dessert at your family holiday party? Which of your…
The Problem with the 4% Rule (and Why You Could Retire Even Sooner)
The 4% rule wasn't made for early retirement. Here's a new withdrawal strategy that could allow you to retire even sooner! Read more → The pos…
We Have Enough Money To Retire. Can We Cancel These Insurance Policies and Use the Money for Fun?
If you don’t have enough money saved for retirement, it’s easy to know what to do. At least in broad strokes. You need to keep making mon…
Can You Withdraw Money From Retirement Accounts at Will?
Most financial literature related to 401(k) accounts or IRAs focuses on contributions. But what about when you retire? Yes, there are withdrawal rule…
Who coined the term FI/RE (financially-independent, retired early)?
It's always fun to unearth some esoteric piece of personal finance history. I know there are only a few nerds out there who care (hello, Grant Sabati…
Report: The Best and Worst States for Retirement
Money expert Clark Howard says working people should do all they can to prepare for retirement. Whether you know it or not, your location plays a pro…
The Average Retirement Age in America
Millions of hardworking Americans dream of one day retiring to an easier life – but at what age? The latest Retirement Confidence Survey from the non…
Should You Sell or Stay in the Stock Market if You Are Retired or Retiring Soon?
Whether you celebrate the arrival of a bear market or feel pain largely depends on how close you are to retirement. If you’re decades away and …
Why You Want To Spend Your IRA Money Before You Die
Prior to 2020, passing wealth from generation to generation through an IRA was a straightforward strategy. A family could take a pot of money and gro…
New Report: The Age Most Americans Expect To Retire
When it comes to retirement, expectations can sometimes run ahead of reality. For instance, money expert Clark Howard makes no secret of the fact tha…
The Most Popular Retirement Ages
If you’re like a lot of U.S. workers, you’re waiting for retirement with great anticipation. And you may be wondering when you can retire as well as …
How To Find Missing or Lost Retirement Accounts
Americans have reportedly lost or abandoned more than $1.6 trillion in retirement funds from previous employers. Fortunately, if you’ve lost re…
How To Retire a Millionaire With a 401(k) Plan in 19 Years
Funding your retirement is one of the most important financial goals you’ll ever pursue. But it can seem daunting, especially if you’re j…