When I was 21 and fresh out of college, I got a job working as a credit analyst at a bank. One of my bosses at the bank was a 45 year-old guy named Jim. I don't think that I'm exaggerating when I say that Jim had it all in life. He had a good job, a beautiful house on a lake, and a great family. He was also a great person, even to a new bank employee like me. As a beginning distance runner, the thing that intrigued me the most about Jim were his many athletic feats. People around the office would always talk about Jim getting up…
-
-
Early Retirement: You WILL Need More Money Than You Planned
As many of you know, the FIRE movement stands for ¨Financial Independence, Retire Early.¨ And, for many people, the ¨Retire Early¨ portion of FIRE is the most intriguing. After all, wouldn't it be great to spend your time learning new things, pursuing hobbies, and hanging out with friends and family without having to worry about that 9-5 job? Even if you absolutely love your job, you are probably slightly intrigued by the concept of retiring early.
-
2 Futures and 1 Big Choice
The year is 2039. Over the past 20 years we have seen the dawn of driverless cars. We have watched as a small colony is established on Mars. And robots; robots are everywhere now! Helping us clean. Shopping for us. Even embedded in our body.
-
How Women Can Manage Money and Save for Retirement to Enjoy a Secure Life
This is a guest post written by Nelly, who writes at My Way of Viewing about topics that deal with personal finance. Thanks, Nelly, for sharing this topic with us! To get in touch with her, please visit her blog. It is a proven fact that women are still lagging behind on saving for retirement and a secure financial life. The average retirement savings of women are much lower than that of men. As per a report published in “Workplace Benefits Report”, more than 70% of women are worried about their retirement savings, whereas only about 58% of men are worried about their retirement. Let us discuss how women should…
-
The 4% Rule and Investing for Retirement
Many retirement planners like to use the 4% rule when trying to determine the amount of your portfolio that you can safely withdraw in retirement. The main concept of this rule is that you can withdraw 4% of the money that is in your portfolio when you retire, every single year of your retirement. For instance, if you have $1 million invested when you retire, then you can safely withdraw 4% of this amount, or $40,000 per year. Not only can you withdraw it every year, but you can also increase the amount withdrawn for inflation, and your portfolio will continue to grow. Of course, the 4% rule is not actually…
