Mortgage rates are in the news again as the average rate on a 30 year fixed mortgage reached 4.6% this week. It was the highest the rate has reached in the last 7 years – up 0.7 percentage points from where they were at last year. Fifteen year rates are also up – reaching 4.15%. These rates are still incredibly low relative to what they … Continue reading Paying Off Your Mortgage As Rates Rise
My friend that snowbirds in Florida during the Winter came back to MN a few weeks ago. We are now three tennis matches and three softball games into early summer. The activities we enjoy each week are inevitably capped with a cold refreshment and often with a visit to a new restaurant/pub. We’ve been to 30+ different places over the past few years! We were … Continue reading Hazy Recollection of MegaCorp
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 retire!” 🙂 After reading his note, I realized that I … Continue reading Second FIRE Anniversary – Financial Tracking Update
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 limits of your existing auto & home insurance policies. Umbrella … Continue reading Umbrella Coverage – Protect Your Nest Egg
Its hard to believe that I’ve been writing this blog 2-3x a week for over 3 years. I started it more than a year before I retired and now that milestone is two years in the rear view mirror. I’ve enjoyed sharing this journey and appreciated all of the recent positive comments, messages, tweets, and emails readers passed on during the ‘Two Year FIRE Anniversary’ … Continue reading Birthday From From MegaCorp Past
Many people worry about losing connections with people as they they make their FIRE escape into early retirement. Social connections are necessary in the workplace and people sometimes fear that they will be sitting home alone watching cable news when they stop working. That might have been the case at one time, but social media has undoubtedly been a game changer for millions. I’ve long … Continue reading Social Media & FIRE Lifestyle
This is the second of two posts that detail the eight dimensions on this ‘Life Wheel’ that I developed just before early retiring from MegaCorp two years ago. It is a long answer to the most common question I get these days: “What do you do to stay busy?” Last week, I covered the first 4 sections of the wheel in this POST. Today, I … Continue reading FIRE Second Anniversary – Life Wheel Update (2)
A friend of mine’s daughter got married last summer and I was shocked to hear that the wedding was costing $35,000. It turns out that is close to the average cost of a wedding in 2016 according to a website called, TheKnot.com. I don’t remember how much our wedding cost 28 years ago, but while it was a beautiful day, we certainly didn’t break the … Continue reading Financial Analysis: How Many Years of Work Does A Wedding Cost?
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 was a few years ago, it’s also a bit lower … Continue reading Are You Retiring ‘Early’?
We had the joy of spending a few days in Tennessee earlier this week with good friends of ours who used to live in Minnesota. No surprise, when we arrived from the Bold North, we brought snow with us! People we talked to in Tennessee said it was the first snow they had gotten this entire winter. Our friends moved here a few years ago … Continue reading Where To Live In Early Retirement?
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