Before I reached early retirement a few years ago, I wrote THIS POST about a survey of whether or not people should retire full-time or part-time. While many people envision part-time consulting as part of their early retirement plans, almost 60% of respondents said that working part-time in retirement was a ‘BAD idea’ with another 15% saying ‘It’s COMPLICATED’. People had some interesting comments saying … Continue reading Part-Time Work in Early Retirement
There’s something about the term ‘millionaire’ that still captivates people’s imagination. Even as Forbes released their annual list of the world’s ‘billionaires’ (spoiler alert: Jeff Bezos, $100B), people are still excited about accumulating 1/100th of that amount. I’ve noticed that many of my top read articles over the last three all have ‘millionaire’ in the title. Maybe as the world’s richest move into billionaire territory, … Continue reading Aspiring Millionaires In A Billionaire World
I’ve been writing about personal finance and early retirement for more than two years now and have managed to not mention the topic of life expectancy once. Since there are only three real variables to use in planning for retirement – spending, investments, and life expectancy – after over 250 posts to this site, you can see how clever I’ve been in avoiding this ‘inevitable’ … Continue reading FIRE Planning For The Inevitable Future
. If you ask many people what defines the American Dream, they would say ‘owning your own home’. For decades, home ownership defined what being independent and successful looked like. More than just shelter, a home is viewed as an ever-giving fountain of financial security and status. That being the case, it is not surprising that Americans have poured more and more of their wealth … Continue reading Financial Analysis: The Impact of Trading Up Houses on Early Retirement
I am titling this post “Part 1” as I am expecting the challenge of organizing our health care coverage for 2017 to be a multi-part personal finance adventure. I explained how we were approaching health insurance in early retirement this past spring, but it seems that all of the cards are up in the air again and we are likely looking at a 33%-50% increase … Continue reading Early Retiree Health Insurance – Open Enrollment (Part 1)
Having enough money to support the lifestyle you planned for early retirement is the key concern for many people on their path to financial independence and retiring early (FIRE). The awesome website early-retirement.org had an interesting discussion recently over how much people are spending in early retirement: more, less,or about what they expected to spend before they left their jobs. For us, our spending has … Continue reading Unexpected Expenses In Early Retirement?
When I was in college, my girlfriend and I stopped into the bank one day on our way downtown. I explained to the future Mrs. FireStation that I needed to check my balance. She was puzzled by the fact that I often zipped into the bank every week or two. The bank teller was puzzled too. I had my checkbook in my hand, but didn’t … Continue reading Bank Registers & Budgets – I Don’t Waste My Time