How Fast Are Prices Really Rising?

Inflation is one of the assumptions that our FIRE financial model is the most sensitive to. Even a half percent change in inflation over a 40 year retirement plan is hugely significant. We use an assumption that our spending inflation will be between 2.5-3.0% a year, which is slightly higher than what the official US Consumer Price Index (CPI) has averaged. I’ve read articles in … Continue reading How Fast Are Prices Really Rising?

Financial Advice For Your Twenties

Our son is just out of college and about 4 weeks into his career in software & web design.  He signed up for all of his work benefits right away, including his health insurance and retirement 401K plan. He’s very thoughtful with his financial approach, but I saw an online chat about ‘Financial Advice For People In Their Twenties’ from the fatFIRE Facebook Group that … Continue reading Financial Advice For Your Twenties

Do You Have A Financial Advisor?

A survey in a recent online group asked early retirees if they work with a professional financial advisor. I was surprised to see that the great majority (about two-thirds) of folks did not. While I always tell people you need to be knowledgeable enough to be your own primary financial advisor, it’s nice to have a professional financial advisor as a secondary resource. That is, … Continue reading Do You Have A Financial Advisor?

How Long Can FIRE Last?

If you are like me, you sometimes see articles in the personal finance press about people who are very young – in their 30s and 40s – who have quit their jobs and declared themselves FIRE’d (financially independent & retired early). Recently, ABC’s Good Morning America ran this piece on a couple who retired very young and the ‘secret strategies’ they want to share with … Continue reading How Long Can FIRE Last?

How Early Is Early Retirement? (New Data)

It’s a basic question, but one that I have struggled to find any data on: how many people retire at what age?  I found a chart from a University of MN study a few years ago and ‘reverse engineered’ some data, but I knew that my math wasn’t very exact. Now I came across this chart / data from a helpful website called DQYDJ.com … … Continue reading How Early Is Early Retirement? (New Data)

Health Insurance Rebate In The Mail

It was about 10 months ago I wrote my ‘first take’ on where 2019 Health Insurance premiums were likely to come in.  It was good news and I was surprised to learn that our premiums were falling by $4K from the year before.  I called it a ‘first take’, because I wasn’t sure the benefit would actually come through. Fortunately it has, as you can … Continue reading Health Insurance Rebate In The Mail

Extra Spending For ‘Go-Go’ Years

Kiplinger’s recent published an article that is getting a lot of buzz about their description of three different phases of retirement. They are proposing that retirees plan on spending more early – during your ‘Go-Go Years’ – versus later in retirement, when your energy & desire to be very active may decline. Calling the later two stages ‘Slow-Go’ and ‘Won’t-Go’, they propose people plan to … Continue reading Extra Spending For ‘Go-Go’ Years