Getting Your Eyes On The Prize

I just came across a couple interesting articles about envisioning your early retirement and saving for early retirement and how those two things relate to each other. The first article, from MoneyWatch relates the top ten words that MIT researchers heard from people when they think about “life after their work careers”. They are pretty…

Mid-Term Elections – Plan For More Inflation?

The economy is performing about as well as one could hope at this point in time, but you wouldn’t know it to watch political ads on TV.  Despite quarterly GDP growth reaching 4%, the S&P 500 up +30% over the last two years, the unemployment rate at 3.9%, and consumer confidence approaching all-time highs –…

Achieve The American Dream In Just Three Simple Steps?

Perhaps because it is a midterm election year, the media is filled with stories about the “Death of the American Dream”.  This is a popular political narrative that both major parties love to play on – and play against each other.  Vilifying the other party for “ruining America” has long grown tiresome to me, but…

Living Trusts – Leaving on a Good Note

It happened again.  A beloved & wealthy performer – this time, Aretha Franklin – passes away without a will or trust to protect her family & fortune.  The same thing happened with Prince a few years ago and his $200 million dollar estate continues to be caught up in court proceedings and will be significantly…

Should You Expect the Unexpected?

Someone posted an interesting question on Early-Retirement.org recently that caught my attention.  Just a few months from reaching FIRE (financial independence & retiring early), a person asked the collective wisdom of the ‘Life After FIRE’ forum if their early retirement was what they had planned on, or something different. The post generated a lot of…

Personal Finance Milestones – What’s Ideal?

BankRate.com recently published the results of a survey where they asked people about what the “ideal age” was for certain personal finance milestones.  I thought it was interesting to look at the results and compare to our experience (and our son’s) in reaching FIRE (financial independence & retiring early). Here are some of the milestones:…

Betting On The 4% Rule Alone?

Is your early retirement in the cards? The famous Trinity Study by William Bengen in the 1980s, was the first major analysis to put forth the idea of 4% annual safe withdrawal rate of your nest egg for retirement living expenses. It’s become a popular rule of thumb for people thinking about how much they…