Second FIRE Anniversary – Financial Tracking Update

I got an email from a friend from high school recently asking how our early retirement financials are holding up since it has been two years since our FIRE escape.  He wanted to know if we were trending over or under our projections.  Stated another way, he said “I want to know if I can…

Umbrella Coverage – Protect Your Nest Egg

It’s finally looking like Spring in Minnesota, although we haven’t had any rain yet. Folks on a journey to FIRE know to set aside money for a rainy day, but the great majority of people do not carry a big enough umbrella insurance. That is, an umbrella policy that pays for liability judgements above the…

Are You Retiring ‘Early’?

I retired much earlier than most people. I was 49 years old, just two weeks short of my 50th birthday. As I talk with people about early retirement, I find that most people don’t really know how early is ‘early’. The average retirement age in the USA is 62. That’s a bit higher than it…

Deferred Compensation & Savings – Bobby Bonilla

A few weeks ago, I wrote about the crazy financial situation of Alyssa Milano, the actress who has apparently lost all of the millions she made on TV and is in a lawsuit with her former accountant. I wrote that it surprises me how many celebrities, athletes, and musicians seem to waste the great fortunes…

Long-Term Care Insurance – Cost/Benefit Tradeoffs

My Mom & Dad called recently to get my take on their Long Term Care (LTC) insurance.  They’ve had a policy for fourteen years and recently got a notice from their insurer that their rates would be going up.  The increase – stepped over the next few years – totaled a little more than +50%…